Scandinavia: Oxygen Market 2024

Oxygen Market Size in Scandinavia

The Scandinavia oxygen market contracted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption showed a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Oxygen Production in Scandinavia

In value terms, oxygen production expanded slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Oxygen Exports

Exports in Scandinavia

In 2022, overseas shipments of oxygen were finally on the rise to reach X cubic meters after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at X cubic meters in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, oxygen exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the key exporter of oxygen in Scandinavia, with the volume of exports finishing at X cubic meters, which was near X% of total exports in 2022. Finland (X cubic meters) held the second position in the ranking, distantly followed by Norway (X cubic meters). All these countries together held near X% share of total exports.

Sweden was also the fastest-growing in terms of the oxygen exports, with a CAGR of X% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Norway (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total exports, while Finland and Norway saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest oxygen supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per cubic meter in 2022, with a decrease of X% against the previous year. Overall, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per cubic meter), while Finland ($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 Norway (X%), while the other leaders experienced a decline in the export price figures.

Oxygen Imports

Imports in Scandinavia

In 2022, after three years of decline, there was significant growth in supplies from abroad of oxygen, when their volume increased by X% to X cubic meters. In general, imports, however, saw a abrupt downturn. Over the period under review, imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oxygen imports rose sharply to $X in 2022. Overall, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Norway (X cubic meters) and Finland (X cubic meters) were the main importers of oxygen in 2022, accounting for near X% and X% of total imports, respectively. It was distantly followed by Sweden (X cubic meters), creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of X%, saw 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 leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per cubic meter in 2022, dropping by X% against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per cubic meter in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per cubic meter), while Finland ($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 Sweden (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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