Israel: Oxygen Market 2024

Oxygen Market Size in Israel

The Israeli oxygen market expanded rapidly to $X in 2022, growing by 7.2% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Oxygen consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in Israel

In value terms, oxygen production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of 68%. Oxygen production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Oxygen Exports

Exports from Israel

In 2022, the amount of oxygen exported from Israel shrank notably to X cubic meters, declining by -34.1% against the year before. Over the period under review, exports, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 803% against the previous year. Over the period under review, the exports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxygen exports reduced rapidly to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 717% against the previous year. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Italy (X cubic meters) was the main destination for oxygen exports from Israel, with a 49% share of total exports. Moreover, oxygen exports to Italy exceeded the volume sent to the second major destination, Germany (X cubic meters), twofold. Canada (X cubic meters) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.8% per year) and Canada (+1,192.7% per year).

In value terms, Italy ($X) emerged as the key foreign market for oxygen exports from Israel, comprising 49% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by Canada, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.7% per year) and Canada (+1,400.0% per year).

Export Prices by Country

The average oxygen export price stood at $X per cubic meter in 2022, jumping by 16% against the previous year. Overall, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per cubic meter) and Italy ($X per cubic meter), while the average price for exports to Canada ($X per cubic meter) and the UK ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen Imports

Imports into Israel

In 2022, overseas purchases of oxygen were finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a mild descent. The pace of growth was the most pronounced in 2019 with an increase of 230% against the previous year. As a result, imports reached the peak of X cubic meters. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oxygen imports surged to $X in 2022. Overall, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when imports increased by 244% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X cubic meters) constituted the largest oxygen supplier to Israel, accounting for a 58% share of total imports. Moreover, oxygen imports from the United States exceeded the figures recorded by the second-largest supplier, Switzerland (X cubic meters), fourfold. Italy (X cubic meters) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+17.3% per year) and Italy (+18.4% per year).

In value terms, the United States ($X) constituted the largest supplier of oxygen to Israel, comprising 58% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 13% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+15.2% per year) and Italy (+16.2% per year).

Import Prices by Country

The average oxygen import price stood at $X per cubic meter in 2022, jumping by 22% against the previous year. Overall, the import price, however, showed a mild curtailment. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per cubic meter) and Germany ($X per cubic meter), while the price for Italy ($X per cubic meter) and France ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :