Market research

Oxygen market in Hungary

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

Earlier Report Observations

The Hungarian oxygen market volume contracted significantly from 248.8 million cubic meters in 2018 to 173.7 million cubic meters in 2024, a decline of 30%. After a temporary recovery to 233.8 million cubic meters in 2021, consumption resumed its downward trend, falling by over 10% in both 2022 and 2024.

Despite the volume contraction, the market's value in monetary terms rose from 35.7 million USD in 2018 to 49.1 million USD in 2024, an increase of 38%. This divergence indicates substantial price growth, as production value also increased despite lower output volumes.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    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, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2024, M 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, M m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, K m³
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, K m³
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/K m³
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, K m³
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, K m³
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/K m³
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, K m³
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, K m³
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/K m³
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, K m³
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, K m³
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ 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, 2018-2025
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 Hungary

In value, 2018-2021, K $ US

Hungary's oxygen production has increased for the second consecutive year. In 2021, output reached 46 728 K $ US, marking a significant year-over-year rise of 33.9%. Between 2018 and 2021, production grew by 30.4%, which translates to an annualized rate of 9.2%. The lowest value was recorded in 2019 at 32 962 K $ US, with the largest decline of 8.0% also occurring that year.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(8.0%)	5.8%	33.9%	9.2%

Source: SHEV.io

In kind, 2018-2021, M m³

After a two-year decline, oxygen production in Hungary increased in 2021. Output totaled 233.6 M m³, up 4.6% compared to 2020. Over the 2018-2021 period, production decreased by 7.5%, with a compound annual growth rate of -2.6%. The lowest value was recorded in 2020 at 223.4 M m³, while the largest decline of 7.2% occurred in 2019.

Annual dynamics of production in Hungary in kind, 2018-2021, M m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(7.2%)	(4.7%)	4.6%	(2.6%)

Source: SHEV.io

Exports oxygen from Hungary

Exports in kind, K m³

Following a two-year decline, Hungary's oxygen export volume increased in 2021. Exports totaled 12 209 K m³, representing a 15.8% gain from the previous year. Between 2018 and 2021, exports decreased by 17.9%, equating to an annualized rate of -6.4%. The lowest value was recorded in 2020 at 10 545 K m³, with the largest decline of 26.4% occurring in 2019.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(26.4%)	(3.6%)	15.8%	(6.4%)

Source: SHEV.io

From 2018 to 2021, Slovakia dominated Hungary's oxygen export structure in volume terms, accounting for 79.5% of total flows. Other destinations contributed relatively small shares during this period.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Hungary's oxygen exports have increased for the second consecutive year. In 2021, exports amounted to 1 611 K $ US, showing a strong 17.5% rise compared to 2020. Between 2018 and 2021, exports decreased by 6.5%, which corresponds to an annualized rate of -2.2%. The lowest value was recorded in 2019 at 1 234 K $ US, with the largest decline of 28.4% also occurring that year.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(28.4%)	11.1%	17.5%	(2.2%)

Source: SHEV.io

During 2018-2021, Slovakia remained Hungary's primary export market in value terms, capturing 73.1% of total flows. The remaining volume was distributed among numerous other destinations.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports oxygen to Hungary

Imports in kind, K m³

The market showed significant volatility during these years. Import levels fluctuated substantially, with a two-fold difference between the high in 2021 and the low in 2020. In 2021, Hungary's oxygen import volume reached 12 346 K m³, which is 102.6% higher than the previous year. The lowest value was recorded in 2020 at 6 094 K m³, with the largest decline of 26.2% also occurring that year.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K m³

Parameter		2019	2020	2021	CAGR
1	Change from last year	(25.4%)	(26.2%)	102.6%	3.7%

Source: SHEV.io

From 2018 to 2021, Austria and Czechia together accounted for 83.3% of Hungary's oxygen imports in volume terms. The remaining imports were distributed across smaller markets.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2020 and peaked in 2021, with a 1.9-fold difference between these years. Hungary imported approximately 2 117 K $ US of oxygen in 2021, representing an 85.0% increase compared to the previous year. The lowest value was recorded in 2020 at 1 145 K $ US, with the largest decline of 19.8% also occurring that year.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(8.2%)	(19.8%)	85.0%	10.8%

Source: SHEV.io

During 2018-2021, Austria (41.9% of imports in value terms), Czechia (32.9%), and Slovenia (7.0%) consistently served as Hungary's main import sources. Together, these three countries accounted for 81.8% of total import flows in value terms.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io