Russian Federation: Oxygen Market 2024

Oxygen Market Size in the Russian Federation

The Russian oxygen market was estimated at $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in the Russian Federation

In value terms, oxygen production expanded markedly to $X in 2022 estimated in export price. In general, production faced a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Oxygen Exports

Exports from the Russian Federation

Oxygen exports from Russia soared to X cubic meters in 2022, increasing by 60% against the previous year. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 368%. Over the period under review, the exports attained the peak figure at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, oxygen exports contracted modestly to $X in 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 203%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Exports by Country

Ukraine (X cubic meters) was the main destination for oxygen exports from Russia, accounting for a 96% share of total exports. Moreover, oxygen exports to Ukraine exceeded the volume sent to the second major destination, Belarus (X cubic meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine stood at +155.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+102.7% per year) and Kazakhstan (-26.4% per year).

In value terms, Ukraine ($X) remains the key foreign market for oxygen exports from Russia, comprising 90% of total exports. The second position in the ranking was taken by Belarus ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ukraine totaled +174.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+13.6% per year) and Kazakhstan (-25.6% per year).

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, dropping by -38.3% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 376%. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per cubic meter), while the average price for exports to Ukraine ($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 Ukraine (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen Imports

Imports into the Russian Federation

After two years of growth, purchases abroad of oxygen decreased by -27.1% to X cubic meters in 2022. Over the period under review, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of 365%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, oxygen imports fell sharply to $X in 2022. Overall, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2021 with an increase of 346% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Finland (X cubic meters), Estonia (X cubic meters) and Poland (X cubic meters) were the main suppliers of oxygen imports to Russia, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oxygen suppliers to Russia were Finland ($X), Estonia ($X) and Poland ($X), together comprising 85% of total imports.

Finland, with a CAGR of +12.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 a decrease of -16% against the previous year. In general, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Kazakhstan ($X per cubic meter), while the price for Estonia ($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 Belarus (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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