Saudi Arabia: Oxygen Market 2025

Oxygen Market Size in Saudi Arabia

The Saudi oxygen market totaled $X in 2022, growing by 4.7% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. Oxygen consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Oxygen Production in Saudi Arabia

In value terms, oxygen production expanded significantly to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Oxygen production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Oxygen Exports

Exports from Saudi Arabia

In 2022, approx. X cubic meters of oxygen were exported from Saudi Arabia; reducing by -14.2% compared with the year before. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 300%. Over the period under review, the exports reached the peak figure at X cubic meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, oxygen exports contracted notably to $X in 2022. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 606% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Jordan (X cubic meters) was the main destination for oxygen exports from Saudi Arabia, with a 90% share of total exports. Moreover, oxygen exports to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X cubic meters), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan amounted to +13.6%.

In value terms, Jordan ($X) emerged as the key foreign market for oxygen exports from Saudi Arabia, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Jordan totaled +16.9%.

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, dropping by -33.5% against the previous year. Over the period under review, the export price, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 76%. As a result, the export price reached the peak level of $X per cubic meter, and then fell significantly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+2.9%).

Oxygen Imports

Imports into Saudi Arabia

In 2022, the amount of oxygen imported into Saudi Arabia soared to X cubic meters, with an increase of 25% against 2021. Overall, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 78%. Over the period under review, imports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, oxygen imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 83% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Kuwait (X cubic meters) was the main oxygen supplier to Saudi Arabia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kuwait totaled +3.3%.

In value terms, Kuwait ($X) constituted the largest supplier of oxygen to Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value from Kuwait totaled -2.8%.

Import Prices by Country

The average oxygen import price stood at $X per cubic meter in 2022, waning by -4.9% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 5.9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Kuwait.

From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to -5.9% per year.

Source: IndexBox Platform

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