The commercial industrial gases market in Macedonia was estimated to have generated revenues of some $21m in 2019. This was an increase from revenues in 2009 of $16m, indicating an average annual growth rate of 3.0% p.a. for the decade..
Over the past decade, GDP in Macedonia has grown by an average of 4.2% p.a. In 2019, the rate was recorded at -1.5%.
Within the 2019-2024 timeframe, gasworld business intelligence predict growth from 2.8% p.a. in a low scenario to 4.6% p.a. in a high scenario. This should see the industry in Macedonia achieve revenues of between $22.6m to $24.7m by 2024.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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