In 2023, Singapore's import of oxygen stood at 21.8 Million Kilograms. Based on forecast data, the imports are projected to reach 22.216 Million Kilograms in 2024, marking a year-on-year increase of 1.91%. By 2025, imports are expected to rise to 22.63 Million Kilograms, showing a growth of 1.87%. The trend continues with 23.036 Million Kilograms in 2026 (1.8% increase), 23.433 Million Kilograms in 2027 (1.7% increase), and 23.823 Million Kilograms in 2028 (1.65% increase). The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.78%.
Future trends to watch for include technological advances in oxygen production, potential changes in healthcare regulations, and macroeconomic factors impacting supply and demand. Monitoring global market dynamics and potential disruptions in the supply chain will also be crucial.
