Forecast: Import of Oxygen to the UK

The UK's forecast for oxygen imports shows a declining trend from 2024 through 2028, with values projected to decrease each year. The value for 2023 stood as the benchmark, with all subsequent figures representing a reduction in imported volumes. Year-on-year analysis reveals a consistent percentage decrease annually from 2024 to 2028. The compound annual growth rate (CAGR) calculated over this five-year period indicates a negative average yearly change, signifying a continued decrease in import volumes.

Future trends to watch for include:

  • Technological advancements in domestic oxygen production.
  • Policy changes affecting import tariffs or quotas.
  • Shifts in domestic demand influenced by healthcare developments or industrial usage changes.

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