Oxygen Cost in Belgium
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, Belgium, contract price, exw, formula
- cash cost, on-site: Oxygen, Belgium, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Oxygen, Belgium, cash cost, formula, off-site (large supplier)
In May 2023, Oxygen contract prices at the point of sale in Belgium reached 16.40 USD cent per normal cubic meter, representing a 12.33% increase compared to April 2023. Throughout the 12-month period from May 2022 to May 2023, Oxygen contract prices in Belgium declined by 10.38%. During May 2023, the on-site cash cost for Oxygen production in Belgium was 10.40 USD cent per normal cubic meter, marking an 18.63% rise from the previous month in April 2023. Looking at the full year from May 2022 through May 2023, on-site production costs for Oxygen in Belgium decreased by 10.34%. As of May 2023, the off-site cash cost for Oxygen supply from large suppliers in Belgium stood at 7.61 USD cent per normal cubic meter, reflecting a 28.98% increase from April 2023. Over the complete 12-month span from May 2022 to May 2023, off-site Oxygen costs in Belgium fell by 6.88%.
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.
Other Utility Costs
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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.