The forecast for the import of oxygen to the UK from 2024 to 2028 shows a steady increase. The values indicate an upward trend, increasing from 11.371 to 13.034 million cubic meters. The base figure for 2023 was approximately 11 million cubic meters, indicating a consistent demand growth.
- The year-on-year increase from 2024 to 2025 is about 3.77%
- From 2025 to 2026, a growth of approximately 3.56% is observed
- The year 2026 to 2027 sees an increase of around 3.37%
- From 2027 to 2028, the growth rate reaches nearly 3.19%
- Over the five-year period, the compound annual growth rate (CAGR) is approximately 3.5%
Future trends to watch for include technological advancements in oxygen production that could impact import needs, potential policy changes affecting trade, and demand fluctuations driven by shifts in healthcare and industrial usage.
