Report Update Nov 1, 2024

Northern America - Oxygen - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Oxygen Market 2024

Oxygen Market Size in Northern America

In 2022, the North American oxygen market decreased by -0.6% to $X, falling for the fourth consecutive year after three years of growth. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.0% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Oxygen Production in Northern America

In value terms, oxygen production shrank modestly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Oxygen Exports

Exports in Northern America

For the third consecutive year, Northern America recorded growth in shipments abroad of oxygen, which increased by 32% to X cubic meters in 2022. Overall, exports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 115%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, oxygen exports reduced dramatically to $X in 2022. In general, exports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X cubic meters) represented roughly 99.9% of total exports in 2022.

The United States was also the fastest-growing in terms of the oxygen exports, with a CAGR of +12.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest oxygen supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -1.1%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per cubic meter, with a decrease of -40.3% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2016 when the export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -12.3% per year.

Oxygen Imports

Imports in Northern America

In 2022, supplies from abroad of oxygen increased by 24% to X cubic meters, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, oxygen imports skyrocketed to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X cubic meters) was the largest importer of oxygen, making up 62% of total imports. It was distantly followed by the United States (X cubic meters), committing a 38% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +21.3%).

In value terms, Canada ($X) constitutes the largest market for imported oxygen in Northern America, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 26% share of total imports.

In Canada, oxygen imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per cubic meter in 2022, declining by -4.5% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by 19%. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per cubic meter), while the United States totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oxygen in Northern America?

The United States constituted the country with the largest volume of oxygen consumption, accounting for 99% of total volume.

What are the largest producers of oxygen in Northern America?

The United States remains the largest oxygen producing country in Northern America, accounting for 100% of total volume.

What are the leading suppliers of oxygen in Northern America?

In value terms, the United States remains the largest oxygen supplier in Northern America.

What are the leading importers of oxygen in Northern America?

In value terms, Canada constitutes the largest market for imported oxygen in Northern America, comprising 80% of total imports. The second position in the ranking was occupied by the United States, with a 20% share of total imports.

What is the average export price for oxygen in Northern America?

In 2021, the export price in Northern America amounted to $0.3 per cubic meter, falling by -27% against the previous year.

What is the average import price for oxygen in Northern America?

In 2021, the import price in Northern America amounted to $0.1 per cubic meter, falling by -17.3% against the previous year.

This report provides an in-depth analysis of the oxygen market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111170 - Oxygen

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023