Germany: Oxygen Market 2024

Oxygen Market Size in Germany

The German oxygen market reduced to $X in 2022, declining by -9% against the previous year. Over the period under review, consumption saw a slight descent. Oxygen consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in Germany

In value terms, oxygen production shrank to $X in 2022 estimated in export price. Overall, production showed a mild curtailment. The pace of growth was the most pronounced in 2021 with an increase of 24%. Oxygen production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Oxygen Exports

Exports from Germany

In 2022, the amount of oxygen exported from Germany reduced to X cubic meters, falling by -6.3% against the previous year's figure. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21%. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxygen exports amounted to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Austria (X cubic meters), France (X cubic meters) and Switzerland (X cubic meters) were the main destinations of oxygen exports from Germany, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +14.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), France ($X) and the Netherlands ($X) constituted the largest markets for oxygen exported from Germany worldwide, together comprising 66% of total exports. Switzerland, Belgium, Poland and Denmark lagged somewhat behind, together accounting for a further 21%.

Switzerland, with a CAGR of +10.6%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average oxygen export price stood at $X per cubic meter in 2022, rising by 7.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 8.6% against the previous year. Over the period under review, the average export prices attained the maximum 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per cubic meter), while the average price for exports to Austria ($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 Denmark (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen Imports

Imports into Germany

Oxygen imports into Germany shrank to X cubic meters in 2022, dropping by -6.4% against 2021. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, oxygen imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period 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 2021 with an increase of 27%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X cubic meters) constituted the largest supplier of oxygen to Germany, accounting for a 61% share of total imports. Moreover, oxygen imports from France exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), fivefold. The third position in this ranking was held by the Czech Republic (X cubic meters), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+6.5% per year) and the Czech Republic (-10.2% per year).

In value terms, France ($X) constituted the largest supplier of oxygen to Germany, comprising 56% of total imports. The second position in the ranking was held by Switzerland ($X), with a 14% share of total imports. It was followed by Austria, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+13.0% per year) and Austria (+5.7% per year).

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per cubic meter), while the price for Austria ($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 France (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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