Pakistan: Oxygen Market 2024

Oxygen Market Size in Pakistan

The Pakistani oxygen market amounted to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Oxygen Production in Pakistan

In value terms, oxygen production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Oxygen production peaked at $X in 2020; afterwards, it flattened through to 2022.

Oxygen Exports

Exports from Pakistan

In 2022, after three years of decline, there was significant growth in shipments abroad of oxygen, when their volume increased by 26% to X cubic meters. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 78% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, oxygen exports surged to $X in 2022. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 176% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X cubic meters) was the main destination for oxygen exports from Pakistan, with a 78% share of total exports. Moreover, oxygen exports to Afghanistan exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan amounted to -9.1%.

In value terms, Afghanistan ($X) remains the key foreign market for oxygen exports from Pakistan, comprising 78% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan amounted to -7.2%.

Export Prices by Country

In 2022, the average oxygen export price amounted to less than $X per cubic meter, growing by 18% against the previous year. Overall, the export price showed a perceptible increase. The growth pace was the most rapid in 2015 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per cubic meter. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan (less than $X per cubic meter), while the average price for exports to the United Arab Emirates stood at less than $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen Imports

Imports into Pakistan

In 2022, after two years of growth, there was significant decline in supplies from abroad of oxygen, when their volume decreased by -5.8% to X cubic meters. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 2,379% against the previous year. Imports peaked at X cubic meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, oxygen imports skyrocketed to $X in 2022. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 1,534%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X cubic meters) constituted the largest supplier of oxygen to Pakistan, accounting for a 80% share of total imports. Moreover, oxygen imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Singapore (X cubic meters), more than tenfold. The third position in this ranking was held by China (X cubic meters), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled +46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-33.9% per year) and China (-3.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of oxygen to Pakistan, comprising 86% of total imports. The second position in the ranking was taken by China ($X), with a 7.1% share of total imports. It was followed by Singapore, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates stood at +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.8% per year) and Singapore (-30.1% per year).

Import Prices by Country

The average oxygen import price stood at $X per cubic meter in 2022, with an increase of 27% against the previous year. In general, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 81% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per cubic meter), while the price for Germany (less than $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 Switzerland (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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