Malaysia: Oxygen Market 2024

Oxygen Market Size in Malaysia

The Malaysian oxygen market reduced to $X in 2022, dropping by -6% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.8% against 2020 indices. Oxygen consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Oxygen Production in Malaysia

In value terms, oxygen production contracted to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 30% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Oxygen Exports

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in overseas shipments of oxygen, when their volume decreased by -31.8% to X cubic meters. In general, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 175% against the previous year. As a result, the exports reached the peak of X cubic meters, and then contracted dramatically in the following year.

In value terms, oxygen exports dropped markedly to $X in 2022. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 178%. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Indonesia (X cubic meters), Singapore (X cubic meters) and Brunei Darussalam (X cubic meters) were the main destinations of oxygen exports from Malaysia, together accounting for 77% 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 Indonesia (with a CAGR of +36.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oxygen exported from Malaysia were Indonesia ($X), Singapore ($X) and Brunei Darussalam ($X), together accounting for 78% of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +35.7%, recorded the highest growth rate of the value of exports, 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, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 an increase of 33% against the previous year. The export price peaked 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 export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Brunei Darussalam ($X per cubic meter) and Indonesia ($X per cubic meter), while the average price for exports to Singapore ($X per cubic meter) and Thailand ($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 Thailand (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen Imports

Imports into Malaysia

After two years of growth, overseas purchases of oxygen decreased by -0.9% to X cubic meters in 2022. Over the period under review, imports showed a perceptible reduction. The growth pace was the most rapid in 2017 when imports increased by 169% against the previous year. 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 declined modestly to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 116%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X cubic meters) constituted the largest supplier of oxygen to Malaysia, with a 79% share of total imports. Moreover, oxygen imports from Singapore exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X cubic meters), ninefold. The third position in this ranking was taken by the United States (X cubic meters), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-11.5% per year) and the United States (+13.7% per year).

In value terms, Singapore ($X) constituted the largest supplier of oxygen to Malaysia, comprising 79% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7.9% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Singapore stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-13.7% per year) and the United States (+11.1% per year).

Import Prices by Country

In 2022, the average oxygen import price amounted to $X per cubic meter, reducing by -2.9% against the previous year. Overall, the import price saw a mild shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 25% against the previous year. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per cubic meter) and Singapore ($X per cubic meter), while the price for Taiwan (Chinese) ($X per cubic meter) and the United States ($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 Singapore (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :