Oxygen Market in the European Union
Market Overview
In
, the EU oxygen market was finally on the rise to reach $
after two years of decline. Over the period under review, consumption, however, continues to indicate a slight descent. As a result, consumption reached the peak level of $
. From 2009 to
, the growth of the market remained at a somewhat lower figure.
In value terms, oxygen production totaled $
in
estimated in export price. In general, production, however, recorded a slight descent. The pace of growth appeared the most rapid in 2008 when the production volume increased by
% against the previous year. As a result, production attained the peak level of $
. From 2009 to
, production growth remained at a lower figure.
The countries with the highest volumes of in
were the Netherlands (
cubic meters), France (
cubic meters) and Italy (
cubic meters), with a combined
% share of total production.
From 2007 to
, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the Netherlands (with a CAGR of +
%), while production for the other leaders experienced more modest paces of growth.




In value terms, oxygen production totaled $





The countries with the highest volumes of in





From 2007 to


Consumption
In
, consumption of oxygen increased by
% to
cubic meters for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at
cubic meters in 2008; however, from 2009 to
, consumption failed to regain momentum.
The revenue of the oxygen market in the European Union rose modestly to $
in
, picking up by
% 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). Over the period under review, consumption, however, saw a slight curtailment. As a result, consumption reached the peak level of $
. From 2009 to
, the growth of the market remained at a lower figure.





The revenue of the oxygen market in the European Union rose modestly to $





Consumption by Country
The countries with the highest volumes of in
were the Netherlands (
cubic meters), France (
cubic meters) and Italy (
cubic meters), together accounting for
% of total consumption.
From 2007 to
, the biggest increases were in the Netherlands (with a CAGR of +
%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($
), France ($
) and Italy ($
) constituted the countries with the highest levels of market value in
, with a combined
% share of the total market. Spain, the Netherlands, Poland, Sweden, the Czech Republic, Belgium, Finland and Austria lagged somewhat behind, together accounting for a further
%.
The Czech Republic, with a CAGR of +
%, recorded the highest growth rate of market size, among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of oxygen per capita consumption in
were Finland (
cubic meters per person), the Netherlands (
cubic meters per person) and Belgium (
cubic meters per person).
From 2007 to
, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by the Netherlands (with a CAGR of +
%), while consumption for the other leaders experienced more modest paces of growth.





From 2007 to


In value terms, Germany ($






The Czech Republic, with a CAGR of +

The countries with the highest levels of oxygen per capita consumption in




From 2007 to


Market Forecast
Driven by rising demand for oxygen in the European Union, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +
% for the period from
to
, which is projected to bring the market volume to
cubic meters by the end of
.





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