Price for Hydrogen, Rare Gases and Other Non-Metals in China - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in China (CIF) - 2023
- Price for Hydrogen, Rare Gases and Other Non-Metals in China (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in China
- Exports of Hydrogen, Rare Gases and Other Non-Metals in China
Price for Hydrogen, Rare Gases and Other Non-Metals in China (CIF) - 2023
In December 2023, the average import price for hydrogen, rare gases and other non-metalses amounted to $19.3 per cubic meter, which is down by -9% against the previous month. Over the period under review, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in September 2023 an increase of 33% m-o-m. Over the period under review, average import prices reached the peak figure at $40.8 per cubic meter in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($24.3 per cubic meter), while the price for Vietnam ($2.0 per cubic meter) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Qatar (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in China (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $3.8 per cubic meter in 2022, jumping by 19% 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 +3.3% 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 +100.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 43% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($5.3 per cubic meter), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydrogen, Rare Gases and Other Non-Metals in China
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into China shrank to 128M cubic meters, waning by -4.1% on the previous year's figure. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, imports of hit record highs at 156M cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of hydrogen, rare gases and other non-metalses surged to $3.5B in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 80%. 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 503 | 487 | 984 | 1,605 | 47.2% |
| Malaysia | 178 | 213 | 571 | 710 | 58.6% |
| Japan | 69.9 | 79.4 | 247 | 226 | 47.9% |
| United States | 148 | 105 | 152 | 210 | 12.4% |
| Brazil | N/A | N/A | 0.1 | 109 | 108900.0% |
| Taiwan (Chinese) | 55.3 | 45.4 | 128 | 103 | 23.0% |
| South Korea | 474 | 169 | 95.0 | 40.9 | -55.8% |
| Norway | 25.3 | 12.4 | 19.8 | 30.4 | 6.3% |
| Others | 228 | 310 | 366 | 438 | 24.3% |
| Total | 1,681 | 1,422 | 2,563 | 3,473 | 27.4% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to China in 2022:
- Germany (40.0M cubic meters)
- United States (39.8M cubic meters)
- Malaysia (19.0M cubic meters)
- Brazil (10.6M cubic meters)
- Japan (5.5M cubic meters)
- Taiwan (Chinese) (3.0M cubic meters)
- Norway (3.0M cubic meters)
- South Korea (1.2M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in China
In 2022, the amount of hydrogen, rare gases and other non-metalses exported from China declined to 803M cubic meters, dropping by -2.9% against the year before. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of 827M cubic meters, and then declined modestly in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses surged to $3B in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 86% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Hydrogen, Rare Gases and Other Non-Metals in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 227 | 166 | 325 | 751 | 49.0% |
| Japan | 324 | 316 | 660 | 600 | 22.8% |
| India | 83.8 | 93.9 | 156 | 200 | 33.6% |
| United Arab Emirates | 92.6 | 46.2 | 172 | 195 | 28.2% |
| Thailand | 91.1 | 97.1 | 198 | 157 | 19.9% |
| Malaysia | 78.1 | 113 | 172 | 129 | 18.2% |
| Netherlands | 51.3 | 45.0 | 78.6 | 119 | 32.4% |
| Taiwan (Chinese) | 36.7 | 50.0 | 75.4 | 102 | 40.6% |
| Mexico | 43.9 | 38.3 | 52.4 | 79.9 | 22.1% |
| Bahrain | 30.2 | 17.0 | 66.1 | 75.7 | 35.8% |
| United States | 10.1 | 9.7 | 5.1 | 70.0 | 90.7% |
| Indonesia | 38.5 | 29.7 | 73.5 | 57.9 | 14.6% |
| Qatar | 30.9 | 33.1 | 63.5 | 54.0 | 20.5% |
| Others | 323 | 354 | 524 | 435 | 10.4% |
| Total | 1,461 | 1,408 | 2,621 | 3,026 | 27.5% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from China in 2022:
- South Korea (203.8M cubic meters)
- Japan (130.5M cubic meters)
- India (53.7M cubic meters)
- United Arab Emirates (52.1M cubic meters)
- Thailand (44.7M cubic meters)
- Indonesia (44.3M cubic meters)
- Malaysia (34.6M cubic meters)
- Netherlands (32.8M cubic meters)
- Mexico (22.7M cubic meters)
- United States (21.8M cubic meters)
- Taiwan (Chinese) (19.3M cubic meters)
- Bahrain (19.0M cubic meters)
- Qatar (15.8M cubic meters)
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