MERCOSUR: Oxygen Market 2024

Oxygen Market Size in MERCOSUR

The MERCOSUR oxygen market stood at $X in 2023, remaining relatively unchanged against the previous year. The total consumption indicated a buoyant expansion 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, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; afterwards, it flattened through to 2023.

Oxygen Production in MERCOSUR

In value terms, oxygen production amounted to $X in 2023 estimated in export price. The total production indicated a strong expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Oxygen Exports

Exports in MERCOSUR

In 2023, overseas shipments of oxygen decreased by X% to X cubic meters, falling for the second consecutive year after three years of growth. Overall, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X cubic meters in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, oxygen exports reduced sharply to $X in 2023. Over the period under review, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Peru represented the largest exporter of oxygen in MERCOSUR, with the volume of exports reaching X cubic meters, which was approx. X% of total exports in 2023. Colombia (X cubic meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (X%), Uruguay (X%) and Argentina (X%). Chile (X cubic meters) and Brazil (X cubic meters) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest oxygen supplying countries in MERCOSUR were Colombia ($X), Brazil ($X) and Peru ($X), together comprising X% of total exports.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per cubic meter, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid 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, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per cubic meter), while Paraguay ($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 Brazil (X%), while the other leaders experienced more modest paces of growth.

Oxygen Imports

Imports in MERCOSUR

In 2023, overseas purchases of oxygen decreased by X% to X cubic meters, falling for the second year in a row after three years of growth. Over the period under review, imports saw a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, oxygen imports rose markedly to $X in 2023. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Uruguay was the key importing country with an import of around X cubic meters, which amounted to X% of total imports. Argentina (X cubic meters) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Suriname (X%), Brazil (X%) and Chile (X%). The following importers - Peru (X cubic meters) and Guyana (X cubic meters) - each reached an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to oxygen imports into Uruguay stood at X%. At the same time, Peru (X%), Guyana (X%), Suriname (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) and Argentina (X%) illustrated a downward trend over the same period. Suriname (X p.p.), Peru (X p.p.), Guyana (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina 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 importing markets in MERCOSUR were Brazil ($X), Uruguay ($X) and Suriname ($X), with a combined X% share of total imports. Argentina, Peru, Guyana and Chile lagged somewhat behind, together comprising a further X%.

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 MERCOSUR amounted to $X per cubic meter, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per cubic meter), while Uruguay ($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 Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform