As of 2023, Canada imported 51.860 million kilograms of oxygen. The forecast for 2024 to 2028 shows a downward trend, with an average decrease of 1.48% annually. Specifically, imports are projected to decline from 50.303 million kilograms in 2024 to 44.775 million kilograms by 2028. This consistent reduction suggests an annual average decline of 2.51%, highlighting ongoing decreases in demand or increased domestic production capabilities.

Future trends to watch for:

Technological advancements in oxygen generation that may reduce import dependence.
Policy changes in Canada's energy sector that could impact the demand for industrial gases.
Global supply chain adjustments that could affect availability and pricing.