Market research

Oxygen market in Croatia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The oxygen market in Croatia experienced significant fluctuations between 2018 and 2024. After a modest contraction in 2019, market volume jumped by 28% in 2020 to reach 36 800 thousand m³. This growth was followed by a multi-year decline, with the most severe drop occurring in 2024 when the market shrank by 51% to 12 542 thousand m³.

In value terms, the market followed a similar pattern, peaking at $9.2 million in 2020. Market value stabilized around $7.7–7.8 million during 2022-2023 before decreasing to $5.7 million in 2024, mirroring the sharp fall in physical volume.

This overall reduction in market size coincided with a steady decline in domestic production, which fell from 48 974 thousand m³ in 2018 to 25 611 thousand m³ in 2024. Trade flows were volatile, with a notable import surge in 2021 providing temporary support before exports and imports both retreated in subsequent years.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2024
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Croatia
  1. 5.1.1. In kind, 2018-2024, K m³
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Croatia in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Croatia by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Croatia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Croatia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Croatia, 2018-2024, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Croatia by countries, 2018-2024, $ US/K m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Croatia in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Croatia by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Croatia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Croatia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Croatia, 2018-2024, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Croatia by countries, 2018-2024, $ US/K m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Croatia in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Croatia by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Croatia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Croatia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Croatia, 2018-2024, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Croatia by countries, 2018-2024, $ US/K m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Croatia in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Croatia by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Croatia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Croatia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Croatia, 2018-2024, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Croatia by countries, 2018-2024, $ US/K m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production oxygen in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's oxygen production was valued at 11 378 thousand US dollars, marking a notable 21.4% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 31.8%, which translates to an annualized growth rate of 9.6%. The largest decline occurred in 2019, with an 11.5% drop, while the largest increase was recorded in 2018, at 22.6%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	22.6%	(11.5%)	21.4%	9.6%

Source: SHEV.io

In kind, 2017-2020, K m³

In 2020, Croatia produced 51 889 thousand cubic meters of oxygen, representing a 14.2% increase from 2019. From 2017 to 2020, production rose by 18.4%, with a compound annual growth rate of 5.8%. The largest decline was observed in 2019, at 7.2%.

Annual dynamics of production in Croatia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.8%	(7.2%)	14.2%	5.8%

Source: SHEV.io

Exports oxygen from Croatia

Exports in kind, K m³

Croatia's oxygen exports declined for the third consecutive year. In 2020, exports totaled 21 776 thousand cubic meters, showing a slight decrease of 1.3% compared to the previous year. Between 2017 and 2020, exports fell by 24.9%, equating to an annualized decline of 9.1%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.7%)	(15.8%)	(1.3%)	(9.1%)

Source: SHEV.io

From 2017 to 2020, Slovenia remained the dominant destination for Croatia's oxygen exports in volume terms, accounting for 88.3% of total flows, with the remainder fragmented across other markets.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Croatia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

In 2020, Croatia's oxygen exports were valued at 3 021 thousand US dollars, reflecting a solid 14.2% increase from 2019. The minimum value was recorded in 2019 at 2 645 thousand US dollars, while the maximum was in 2018 at 3 136 thousand US dollars. The largest decline occurred in 2019, with a 15.6% drop.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.0%	(15.6%)	14.2%	0.1%

Source: SHEV.io

Between 2017 and 2020, Slovenia was the dominant market for Croatia's oxygen exports in value terms, capturing 81.5% of total flows, with other countries accounting for the remaining share.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Croatia in value, 2017-2020

Source: SHEV.io

Imports oxygen to Croatia

Imports in kind, K m³

After a two-year decline, Croatia's oxygen imports increased. In 2020, imports reached 6 686 thousand cubic meters, up by 25.3% compared to the previous year. From 2017 to 2020, imports decreased by 15.2%, with an annualized decline of 5.4%. The minimum volume was recorded in 2019 at 5 335 thousand cubic meters, and the largest decline occurred in 2018, at 18.1%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(18.1%)	(17.4%)	25.3%	(5.4%)

Source: SHEV.io

From 2017 to 2020, Slovenia, Italy, and Serbia consistently led Croatia's oxygen imports in volume terms, with shares of 40.1%, 35.4%, and 18.8%, respectively. Together, they accounted for 94.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Croatia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

After a two-year decline, Croatia's oxygen imports increased. In 2020, imports were valued at 835 thousand US dollars, up by 15.9% from the previous year. Over the period from 2017 to 2020, imports fell by 24%, with a compound annual decline rate of 8.7%. The minimum value was recorded in 2019 at 721 thousand US dollars, and the largest decline occurred in 2019, at 28.3%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.5%)	(28.3%)	15.9%	(8.7%)

Source: SHEV.io

Throughout 2017 to 2020, Slovenia, Italy, and Serbia formed the key group of partners for Croatia's oxygen imports in value terms, with shares of 43.1%, 30.5%, and 18.1%, respectively. Together, they represented 91.7% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Croatia in value, 2017-2020

Source: SHEV.io