Africa: Oxygen Market 2024

Oxygen Market Size in Africa

The African oxygen market expanded modestly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Oxygen Production in Africa

In value terms, oxygen production soared to $X in 2023 estimated in export price. Overall, production enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Oxygen Exports

Exports in Africa

In 2023, exports of oxygen in Africa dropped to X cubic meters, shrinking by X% against the previous year. Over the period under review, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X cubic meters in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, oxygen exports stood at $X in 2023. In general, exports, however, posted modest growth. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, South Africa (X cubic meters) represented the key exporter of oxygen, making up X% of total exports. Cote d'Ivoire (X cubic meters) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Zimbabwe (X%) and Zambia (X%). Togo (X cubic meters), Ghana (X cubic meters) and Ethiopia (X cubic meters) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to oxygen exports from South Africa stood at X%. At the same time, Cote d'Ivoire (X%), Zimbabwe (X%), Ethiopia (X%), Ghana (X%) and Togo (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Zambia experienced a relatively flat trend pattern. Cote d'Ivoire (X p.p.), Zimbabwe (X p.p.), Togo (X p.p.), Ghana (X p.p.) and Ethiopia (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest oxygen supplying countries in Africa were South Africa ($X), Cote d'Ivoire ($X) and Zimbabwe ($X), together comprising X% of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per cubic meter in 2023, picking up by X% against the previous year. Export price indicated a resilient increase 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 export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per cubic meter), while Zambia ($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 Togo (X%), while the other leaders experienced more modest paces of growth.

Oxygen Imports

Imports in Africa

In 2023, approx. X cubic meters of oxygen were imported in Africa; which is down by X% against the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained 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 amounted to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Mozambique (X cubic meters), distantly followed by Botswana (X cubic meters), Kenya (X cubic meters), Ghana (X cubic meters) and Swaziland (X cubic meters) were the key importers of oxygen, together achieving X% of total imports. Namibia (X cubic meters), South Africa (X cubic meters), Zimbabwe (X cubic meters), Mauritius (X cubic meters), Zambia (X cubic meters), Madagascar (X cubic meters), Libya (X cubic meters) and Mali (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Ghana ($X) and Kenya ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Swaziland, Mali, Zambia, Botswana, Namibia, Madagascar, Zimbabwe, South Africa, Libya and Mauritius lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Zambia, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in Africa amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 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 Mali ($X per cubic meter), while Botswana ($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 South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform