Market research

Oxygen market in Finland

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

Oxygen market volume in Finland fluctuated between 2018 and 2024. After starting at 1 128 million m³ in 2018, it dipped to 1 085 million m³ in 2019 before reaching a peak of 1 134 million m³ in 2020. A subsequent decline brought volume down to 978 million m³ by 2023, with a partial recovery to 1 058 million m³ in 2024.

Market value followed a distinct trajectory, falling sharply from $107.8 million in 2018 to $79.9 million in 2019. It then rose steadily over the next four years, reaching $96.1 million in 2023, before easing to $89.8 million in 2024.

Over the full period from 2018 to 2024, the market shrank by 6.2% in volume and by 16.7% in value, reflecting a broader contraction in monetary terms despite some volumetric recovery.

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 Finland
  1. 5.1.1. In kind, 2018-2024, M m³
  2. 5.1.2. In value, 2018-2024, M $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, M m³
  2. 5.2.2. In value, 2018-2024, M $ US
6. Trade balance
1. 6.1. Trade balance (Direct Data)
  1. 6.1.1. In kind, m³
  2. 6.1.2. In value, $ US
2. 6.2. Trade balance (Mirror Data)
  1. 6.2.1. In kind, m³
  2. 6.2.2. In value, $ US
7. Top buying and selling countries, 2018-2024
1. 7.1. Direct Data
  1. 7.1.1. Import in Value by Countries-buyers
  2. 7.1.2. Export in Value by Countries-suppliers
2. 7.2. Mirror Data
  1. 7.2.1. Import in Value by Countries-buyers
  2. 7.2.2. Export in Value by Countries-suppliers

Production oxygen in Finland

In value, 2017-2020, M $ US

In 2019, Finland's oxygen production was valued at 79.9 million US dollars, marking the lowest point in the period. The following year, in 2020, output rose to 86.4 million US dollars, reflecting a modest increase of 8.0% compared to 2019. Over the broader timeframe from 2017 to 2020, production grew by 5.9%, which translates to an average annual growth rate of 1.9%. The peak value was recorded in 2018 at 107.8 million US dollars, representing the largest increase of 32.2% during the period. Conversely, the most significant decline occurred in 2019, with a drop of 25.8%.

Annual dynamics of production in Finland in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.2%	(25.8%)	8.0%	1.9%

Source: SHEV.io

In kind, 2017-2020, M m³

In 2020, Finland produced 1 134 million cubic meters of oxygen, showing a year-on-year increase of 4.5%. Looking at the period from 2017 to 2020, production expanded by 24.1%, corresponding to a compound annual growth rate of 7.5%. The largest decline was observed in 2019, with a decrease of 3.7%, while the most substantial increase occurred in 2018, rising by 23.4%.

Annual dynamics of production in Finland in kind, 2017-2020, M m³