Oxygen Cost in Saudi Arabia
The chart above illustrates Oxygen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- contract price, exw: Oxygen, Saudi Arabia, contract price, exw, formula
- cash cost, on-site: Oxygen, Saudi Arabia, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Saudi Arabia, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Oxygen purchased ex-works in Saudi Arabia reached 11.90 USD cent per normal cubic meter, representing a slight decrease of 0.17% compared to April 2023. Looking at the broader trend, Oxygen contract prices in Saudi Arabia have declined by 2.46% over the twelve-month period from May 2022 to May 2023. The on-site cash cost for Oxygen in Saudi Arabia stood at 5.22 USD cent per normal cubic meter in May 2023, down 0.61% from the previous month. Throughout the past year, the on-site cash costs for Oxygen in Saudi Arabia have shown minimal movement with a cumulative increase of 0.19%. The off-site cash cost for Oxygen supplied by large suppliers in Saudi Arabia was 3.81 USD cent per normal cubic meter in May 2023, up marginally by 0.26% from April 2023. Over the twelve-month period ending May 2023, the off-site cash costs for Oxygen in Saudi Arabia have remained essentially flat with no net change.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
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About Oxygen
Oxygen is used as a utility to enhance combustion in industrial furnaces and reactors, improving energy efficiency and increasing production rates. It is also critical in oxidation processes and is often supplied in controlled amounts to meet specific process needs.