The Taiwanese commercial gases market generated estimated revenues of $1.146bn in 2018. This is up from $808m in 2008, indicating and average annual growth rate of 3.7% over the past decade.
Taiwan has experienced strong economic growth over the past decade, with GDP increasing at an average rate of 3% per annum (p.a.). The country’s economy slipped into a minor recession during the worst year of the global financial crisis, but manufactured a swift recovery and has been growing since.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 4.2% p.a. in a low scenario to 4.3% p.a. in a high scenario. Accordingly, the industry in Taiwan is expected to achieve revenues of between $1.40bn to $1.42bn by 2023.
Published: 2020
Report Data: 2019
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