France: Oxygen Market 2024

Oxygen Market Size in France

The French oxygen market totaled $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Oxygen consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in France

In value terms, oxygen production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 15% against the previous year. Oxygen production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Oxygen Exports

Exports from France

In 2022, oxygen exports from France stood at X cubic meters, surging by 1.6% against the previous year. The total export volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. The exports peaked at X cubic meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, oxygen exports rose notably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X cubic meters), Luxembourg (X cubic meters) and Spain (X cubic meters) were the main destinations of oxygen exports from France, together accounting for 89% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +10.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxygen exported from France were Germany ($X), Luxembourg ($X) and Belgium ($X), with a combined 92% share of total exports. Spain and Switzerland lagged somewhat behind, together comprising a further 1.3%.

Switzerland, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, picking up by 5.7% against the previous year. Overall, the export price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the average price for exports to Spain (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-3.0%), while the prices for the other major destinations experienced a decline.

Oxygen Imports

Imports into France

Oxygen imports into France reduced sharply to X cubic meters in 2022, with a decrease of -32% compared with 2021. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, oxygen imports reduced notably to $X in 2022. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X cubic meters), Belgium (X cubic meters) and Switzerland (X cubic meters) were the main suppliers of oxygen imports to France, together accounting for 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +9.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Italy ($X) and Germany ($X) appeared to be the largest oxygen suppliers to France, with a combined 79% share of total imports. These countries were followed by Switzerland and Spain, which together accounted for a further 11%.

In terms of the main suppliers, Spain, with a CAGR of +7.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, which is down by -9.1% against the previous year. Overall, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The import price peaked at $X per cubic meter in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per cubic meter), while the price for Switzerland ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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