Eastern Europe: Oxygen Market 2024

Oxygen Market Size in Eastern Europe

The East European oxygen market stood at $X in 2023, approximately mirroring the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Oxygen Production in Eastern Europe

In value terms, oxygen production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Oxygen Exports

Exports in Eastern Europe

Oxygen exports soared to X cubic meters in 2023, jumping by X% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The volume of export peaked at X cubic meters in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, oxygen exports soared to $X in 2023. Over the period under review, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

The Czech Republic was the main exporter of oxygen in Eastern Europe, with the volume of exports finishing at X cubic meters, which was near X% of total exports in 2023. Poland (X cubic meters) took the second position in the ranking, distantly followed by Bulgaria (X cubic meters) and Hungary (X cubic meters). All these countries together held approx. X% share of total exports. Belarus (X cubic meters), Romania (X cubic meters) and Latvia (X cubic meters) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest oxygen supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Bulgaria, with a X% share.

In the Czech Republic, oxygen exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per cubic meter in 2023, remaining relatively unchanged against the previous year. Export price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, oxygen export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per cubic meter, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per cubic meter), while Romania ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Oxygen Imports

Imports in Eastern Europe

In 2023, the amount of oxygen imported in Eastern Europe stood at X cubic meters, increasing by X% on 2022 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X cubic meters. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, oxygen imports skyrocketed to $X in 2023. Total imports indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Slovakia (X cubic meters) was the major importer of oxygen, making up X% of total imports. The Czech Republic (X cubic meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%), Bulgaria (X%), Estonia (X%), Poland (X%) and Latvia (X%).

From 2012 to 2023, average annual rates of growth with regard to oxygen imports into Slovakia stood at X%. At the same time, Russia (X%), Poland (X%), Bulgaria (X%) and Estonia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, the Czech Republic (X%) and Latvia (X%) illustrated a downward trend over the same period. Slovakia (X p.p.), Russia (X p.p.), Poland (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total imports, while Latvia and the Czech Republic saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) constitutes the largest market for imported oxygen in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

In Slovakia, oxygen imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Russia (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per cubic meter, rising by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, oxygen import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per cubic meter), while Estonia ($X per cubic meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform