![World - Oxygen - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/world-oxygen-market-analysis-forecast-size-trends-and-insights.webp)
World - Oxygen - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingOxygen Market
The global oxygen market is expected to see an upward consumption trend, with a forecasted CAGR for both volume and value from 2022 to 2030. The market performance is predicted to expand, reaching 141B cubic meters and $429.2B by 2030, respectively. The article covers consumption, production, imports, and exports of oxygen, highlighting top countries and price trends. Key points include fluctuations in consumption and production volumes, growth rates in top consuming countries like the Netherlands and Japan, as well as import and export statistics for major players such as the United States and Belgium.
Market Forecast
Driven by increasing demand for oxygen worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 141B cubic meters by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.5% for the period from 2022 to 2030, which is projected to bring the market value to $429.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Oxygen
After two years of growth, consumption of oxygen decreased by -1.1% to 106B cubic meters in 2022. The total consumption volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption reached the maximum volume at 107B cubic meters in 2021, and then shrank slightly in the following year.
The global oxygen market size expanded modestly to $260.1B in 2022, surging by 2.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $304.1B in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (19B cubic meters), Russia (14B cubic meters) and India (7.3B cubic meters), together accounting for 38% of global consumption. Pakistan, Japan, Nigeria, the United States, the Netherlands, Brazil, France, Italy, Ethiopia and Germany lagged somewhat behind, together comprising a further 27%.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +21.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Japan ($180.6B) led the market, alone. The second position in the ranking was taken by China ($13.3B). It was followed by Russia.
From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at +3.2%. The remaining consuming countries recorded the following average annual rates of market growth: China (+8.1% per year) and Russia (-7.6% per year).
The countries with the highest levels of oxygen per capita consumption in 2022 were the Netherlands (178 cubic meters per person), Russia (96 cubic meters per person) and Italy (38 cubic meters per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the Netherlands (with a CAGR of +20.6%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Oxygen
In 2022, production of oxygen decreased by -1% to 107B cubic meters for the first time since 2019, thus ending a two-year rising trend. The total output volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. Global production peaked at 108B cubic meters in 2021, and then fell slightly in the following year.
In value terms, oxygen production rose to $245.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 28%. Global production peaked at $283.4B in 2017; however, from 2018 to 2022, production failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were China (19B cubic meters), Russia (14B cubic meters) and India (7.3B cubic meters), with a combined 38% share of global production. Pakistan, Japan, Nigeria, the United States, Brazil, the Netherlands, France, Italy, Ethiopia and Belgium lagged somewhat behind, together comprising a further 28%.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +25.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Oxygen
In 2022, approx. 956M cubic meters of oxygen were imported worldwide; dropping by -15.6% against 2021 figures. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. Global imports peaked at 1.2B cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.
In value terms, oxygen imports fell to $245M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of $288M, and then contracted in the following year.
Imports By Country
Germany (157M cubic meters) and the Netherlands (152M cubic meters) represented roughly 32% of total imports in 2022. It was distantly followed by Luxembourg (75M cubic meters) and Slovakia (49M cubic meters), together achieving a 13% share of total imports. Canada (42M cubic meters), Jordan (39M cubic meters), Greece (33M cubic meters), the Czech Republic (27M cubic meters), Slovenia (26M cubic meters), the United States (25M cubic meters), Saudi Arabia (23M cubic meters) and France (16M cubic meters) took a relatively small share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of +21.4%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the Netherlands ($32M), Germany ($28M) and Jordan ($12M) constituted the countries with the highest levels of imports in 2022, together accounting for 30% of global imports. Luxembourg, Greece, France, Slovakia, Canada, the Czech Republic, Slovenia, Saudi Arabia and the United States lagged somewhat behind, together accounting for a further 24%.
Greece, with a CAGR of +16.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average oxygen import price stood at $0.3 per cubic meter in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2021 an increase of 9.4% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($0.6 per cubic meter), while the United States ($0.1 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+14.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Oxygen
In 2022, global oxygen exports reduced to 1.3B cubic meters, dropping by -4.2% compared with 2021 figures. In general, total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of 1.4B cubic meters, and then shrank modestly in the following year.
In value terms, oxygen exports amounted to $258M in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.
Exports By Country
In 2022, Belgium (366M cubic meters), the United States (262M cubic meters) and France (197M cubic meters) represented the main exporter of oxygen in the world, mixing up 63% of total export. The following exporters - Germany (48M cubic meters), Portugal (38M cubic meters), Poland (38M cubic meters), the Czech Republic (36M cubic meters) and Austria (28M cubic meters) - together made up 14% of total exports.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +20.9%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Belgium ($69M) remains the largest oxygen supplier worldwide, comprising 27% of global exports. The second position in the ranking was held by France ($28M), with an 11% share of global exports. It was followed by the United States, with a 3.8% share.
In Belgium, oxygen exports increased at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+0.5% per year) and the United States (-1.1% per year).
Export Prices By Country
In 2022, the average oxygen export price amounted to $0.2 per cubic meter, surging by 5.1% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2020 an increase of 11% against the previous year. The global export price peaked at $0.3 per cubic meter in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($0.3 per cubic meter), while the United States (less than $0.1 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global oxygen market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global oxygen market.
This report provides an in-depth analysis of the global argon market.
This report provides an in-depth analysis of the global arsenic market.
This report provides an in-depth analysis of the global boron and tellurium market.
This report provides an in-depth analysis of the global hydrogen market.
This report provides an in-depth analysis of the global nitrogen market.
This report provides an in-depth analysis of the global market for phosphorus, arsenic and selenium.
This report provides an in-depth analysis of the global rare gases market.
This report provides an in-depth analysis of the global silicon market.
New waves of the epidemic and the overwhelming demand for oxygen in the healthcare sector have led to a scarcity of the product worldwide. Countries with severe shortages are diverting oxygen from the sectors of metallurgy and chemistry to healthcare, which reduces the productivity of the manufacturing industries. As the pandemic slows, the demand for medical oxygen will return to pre-crisis levels. In the post-pandemic period, the growing demand from the metallurgical and chemical industries will continue to shape market expansion. Decarbonization may emerge as a new market driver, with oxygen being used to produce synthesis gas from carbon dioxide.
Discover the top importers of Argon in the global market, including Indonesia, Italy, the United States, France, and Poland. Learn about their industrial sectors and the growing demand for Argon in manufacturing, construction, and research activities. Get valuable insights from the IndexBox market intelligence platform to navigate the complexities and capture opportunities in the Argon import market.
The global supplies of arsenic amounted to X million USD in 2015, exhibiting wild fluctuations over the period under review. Exports of arsenic saw a decline in 2008, which continued into 2009, followed by a spike in 2010.
The global hydrogen market rose modestly to $22.7B in 2019, growing by 4.6% against the previous year. This figure...
Discover the top import markets for rare gases in the world based on 2023 data. Learn about the countries driving global demand for rare gases.
Explore the world's best import markets for silicon with detailed statistics and data from IndexBox platform. Discover the top countries, their import values, and the factors driving the demand for silicon in these markets.
In 2021, the global silicon market picked up 4.1% to $10.2B, resuming growth after a 2020's slump.