Japan: Oxygen Market 2024

Oxygen Market Size in Japan

The Japanese oxygen market amounted to $X in 2022, growing by 3.1% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Oxygen Production in Japan

In value terms, oxygen production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Oxygen Exports

Exports from Japan

In 2022, approx. X cubic meters of oxygen were exported from Japan; dropping by -3.7% compared with the previous year's figure. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 189%. The exports peaked at X cubic meters in 2021, and then reduced slightly in the following year.

In value terms, oxygen exports expanded markedly to $X in 2022. In general, exports, however, showed notable growth. The pace of growth appeared the most rapid in 2021 when exports increased by 111% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters), Taiwan (Chinese) (X cubic meters) and China (X cubic meters) were the main destinations of oxygen exports from Japan, together comprising 99% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +50.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for oxygen exports from Japan, comprising 95% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+3.1% per year) and China (+16.0% per year).

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, picking up by 14% against the previous year. In general, the export price, however, faced a sharp descent. The pace of growth appeared the most rapid in 2014 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per cubic meter), while the average price for exports to Taiwan (Chinese) ($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 the United States (-20.1%), while the prices for the other major destinations experienced a decline.

Oxygen Imports

Imports into Japan

In 2022, after four years of growth, there was significant decline in overseas purchases of oxygen, when their volume decreased by -89.9% to X cubic meters. Over the period under review, imports, however, recorded a notable increase. The pace of growth was the most pronounced in 2021 when imports increased by 823%. As a result, imports attained the peak of X cubic meters, and then shrank rapidly in the following year.

In value terms, oxygen imports dropped remarkably to $X in 2022. In general, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2019 with an increase of 250%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X cubic meters), China (X cubic meters) and the United States (X cubic meters) were the main suppliers of oxygen imports to Japan, together comprising 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +34.4%), while imports for the other leaders experienced a decline.

In value terms, the largest oxygen suppliers to Japan were the United States ($X), South Korea ($X) and China ($X), with a combined 97% share of total imports.

Among the main suppliers, China, with a CAGR of +26.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, surging by 177% against the previous year. In general, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2019 when the average import price increased by 201%. As a result, import price attained the peak level of $X per cubic meter. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for China ($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 Singapore (+52.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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