United Arab Emirates: Oxygen Market 2024

Oxygen Market Size in the United Arab Emirates

The oxygen market in the United Arab Emirates contracted to $X in 2022, dropping by -2.2% against the previous year. Overall, consumption, however, enjoyed a prominent increase. Oxygen consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Oxygen Production in the United Arab Emirates

In value terms, oxygen production contracted slightly to $X in 2022 estimated in export price. In general, production, however, posted a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 134% against the previous year. Oxygen production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Oxygen Exports

Exports from the United Arab Emirates

In 2022, the amount of oxygen exported from the United Arab Emirates reduced remarkably to X cubic meters, waning by -73.5% against 2021. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 442% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, oxygen exports soared to $X in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 177% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X cubic meters) was the main destination for oxygen exports from the United Arab Emirates, accounting for a 86% share of total exports. Moreover, oxygen exports to Jordan exceeded the volume sent to the second major destination, Mauritius (X cubic meters), more than tenfold. The third position in this ranking was taken by Germany (X cubic meters), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan totaled +112.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (-12.3% per year) and Germany (+24.7% per year).

In value terms, Jordan ($X) remains the key foreign market for oxygen exports from the United Arab Emirates, comprising 69% of total exports. The second position in the ranking was taken by Turkey ($X), with a 9.2% share of total exports. It was followed by Mauritius, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value to Jordan amounted to +67.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+72.3% per year) and Mauritius (-5.1% per year).

Export Prices by Country

In 2022, the average oxygen export price amounted to $X per cubic meter, growing by 397% against the previous year. Overall, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per cubic meter), while the average price for exports to Jordan ($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 Germany (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Oxygen Imports

Imports into the United Arab Emirates

In 2022, approx. X cubic meters of oxygen were imported into the United Arab Emirates; growing by 43% against the previous year. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 307%. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, oxygen imports reduced to $X in 2022. In general, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 248% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X cubic meters) constituted the largest oxygen supplier to the United Arab Emirates, with a 12% share of total imports. Moreover, oxygen imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), sevenfold. The Czech Republic (X cubic meters) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +179.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.1% per year) and the Czech Republic (-30.7% per year).

In value terms, China ($X), Belgium ($X) and the Czech Republic ($X) appeared to be the largest oxygen suppliers to the United Arab Emirates, with a combined 39% share of total imports.

In terms of the main suppliers, China, with a CAGR of +181.4%, recorded the highest rates of growth with regard to 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 a decrease of -37.8% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 305% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 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 Netherlands ($X per cubic meter), while the price for China ($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 the Czech Republic (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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