Price for Hydrogen, Rare Gases and Other Non-Metals in Canada - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Canada (FOB) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Canada (CIF) - 2022
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Canada
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Canada
Price for Hydrogen, Rare Gases and Other Non-Metals in Canada (FOB) - 2022
In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $2.1 per cubic meter, rising by 62% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for hydrogen, rare gases and other non-metalses increased by +91.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($2.4 per cubic meter), while the average price for exports to the United Arab Emirates ($1.3 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%), while the prices for the other major destinations experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in Canada (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $0.7 per cubic meter, with an increase of 15% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 174%. Over the period under review, average import prices hit record highs at $5.1 per cubic meter in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2.8 per cubic meter), while the price for the United States ($0.3 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Hydrogen, Rare Gases and Other Non-Metals in Canada
In 2022, exports of hydrogen, rare gases and other non-metalses from Canada expanded notably to 176M cubic meters, with an increase of 7.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of hydrogen, rare gases and other non-metalses surged to $377M in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 160 | 139 | 170 | 312 | 24.9% |
| France | 0.4 | 1.1 | 0.3 | 18.1 | 256.3% |
| United Arab Emirates | N/A | N/A | N/A | 6.1 | 0% |
| Others | 36.2 | 38.0 | 46.6 | 41.5 | 4.7% |
| Total | 196 | 178 | 217 | 377 | 24.4% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Canada in 2022:
- United States (161.0M cubic meters)
- France (7.5M cubic meters)
- United Arab Emirates (4.5M cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in Canada
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into Canada rose remarkably to 228M cubic meters, surging by 9.6% compared with 2021. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of hydrogen, rare gases and other non-metalses soared to $157M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.5 | 50.2 | 52.4 | 60.9 | 5.7% |
| Brazil | 16.5 | 14.3 | 27.1 | 47.8 | 42.6% |
| China | 12.2 | 8.3 | 11.4 | 15.7 | 8.8% |
| Malaysia | N/A | 1.2 | 5.8 | 6.8 | 138.0% |
| Others | 37.1 | 10.1 | 28.0 | 25.9 | -11.3% |
| Total | 117 | 84.1 | 125 | 157 | 10.3% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Canada in 2022:
- United States (191.9M cubic meters)
- Brazil (22.1M cubic meters)
- China (5.5M cubic meters)
- Malaysia (4.1M cubic meters)
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