New Zealand: Oxygen Market 2024

Oxygen Market Size in New Zealand

The New Zealand oxygen market fell to $X in 2022, with a decrease of -3.9% against the previous year. Overall, consumption, however, recorded prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in New Zealand

In value terms, oxygen production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded tangible growth. The growth pace was the most rapid in 2018 when the production volume increased by 64%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Oxygen Exports

Exports from New Zealand

In 2022, the amount of oxygen exported from New Zealand fell markedly to X cubic meters, which is down by -28.9% compared with 2021. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2015 with an increase of 1,627%. The exports peaked at X cubic meters in 2021, and then fell sharply in the following year.

In value terms, oxygen exports dropped significantly to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 278%. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

Fiji (X cubic meters), Papua New Guinea (X cubic meters) and French Polynesia (X cubic meters) were the main destinations of oxygen exports from New Zealand, with a combined 98% share 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 Fiji (with a CAGR of +27.3%), while the other leaders experienced more modest paces of growth.

In value terms, Fiji ($X), Papua New Guinea ($X) and French Polynesia ($X) were the largest markets for oxygen exported from New Zealand worldwide, together accounting for 98% of total exports.

Fiji, with a CAGR of +29.4%, saw the highest growth rate of 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

The average oxygen export price stood at $X per cubic meter in 2022, with an increase of 16% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 149% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per cubic meter), while the average price for exports to French Polynesia ($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 Fiji (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen Imports

Imports into New Zealand

In 2022, purchases abroad of oxygen increased by 32% to X cubic meters, rising for the second year in a row after two years of decline. Overall, imports continue to indicate resilient growth. The growth pace was the most rapid in 2015 when imports increased by 220% against the previous year. As a result, imports attained the peak of X cubic meters. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, oxygen imports skyrocketed to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 138% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X cubic meters), Australia (X cubic meters) and France (X cubic meters) were the main suppliers of oxygen imports to New Zealand, together comprising 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +17.4%), while imports for the other leaders experienced a decline.

In value terms, Australia ($X), Singapore ($X) and France ($X) constituted the largest oxygen suppliers to New Zealand, together accounting for 83% of total imports.

Among the main suppliers, Singapore, with a CAGR of +15.0%, recorded 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

The average oxygen import price stood at $X per cubic meter in 2022, with an increase of 9.7% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 an increase of 48% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per cubic meter), while the price for Singapore ($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 (+15.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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