Price for Hydrogen, Rare Gases and Other Non-Metals in Myanmar - 2022
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Myanmar (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Myanmar (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Myanmar
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Myanmar
Price for Hydrogen, Rare Gases and Other Non-Metals in Myanmar (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $1.6 per cubic meter, with an increase of 184% against the previous year. Overall, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the United Arab Emirates ($24 per cubic meter), while the price for Singapore ($0.4 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+61.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydrogen, Rare Gases and Other Non-Metals in Myanmar (FOB) - 2022
In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $0.6 per cubic meter, picking up by 326% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 1,071% against the previous year. As a result, the export price attained the peak level of $0.8 per cubic meter. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2017 to 2022, the rate of growth in terms of prices for South Korea amounted to +3,548.6% per year.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Myanmar
In 2022, supplies from abroad of hydrogen, rare gases and other non-metalses decreased by -69.9% to 1.4M cubic meters for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw measured growth. The growth pace was the most rapid in 2021 with an increase of 111%. As a result, imports reached the peak of 4.8M cubic meters, and then reduced rapidly in the following year.
In value terms, imports of hydrogen, rare gases and other non-metalses contracted to $2.3M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 168% against the previous year. As a result, imports attained the peak of $2.7M, and then reduced in the following year.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 1,454 | 0% |
| China | 155 | 172 | 1,191 | 395 | 36.6% |
| Thailand | 178 | 498 | 769 | 251 | 12.1% |
| Singapore | 58.6 | 119 | 41.2 | 64.3 | 3.1% |
| Others | 224 | 208 | 666 | 111 | -20.9% |
| Total | 616 | 997 | 2,668 | 2,275 | 54.6% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Myanmar in 2022:
- China (503.6K cubic meters)
- Thailand (406.7K cubic meters)
- Indonesia (335.5K cubic meters)
- Singapore (171.2K cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Myanmar
In 2022, overseas shipments of hydrogen, rare gases and other non-metalses decreased by -73.4% to 307K cubic meters, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, the exports reached the peak of 1.5M cubic meters. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of hydrogen, rare gases and other non-metalses rose significantly to $171K in 2022. The total export value increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.4 | 0.4 | 13.2 | 171 | 653.3% |
| Singapore | 6.1 | 6.2 | 6.2 | N/A | 0.8% |
| Others | 117 | 158 | 132 | N/A | 6.2% |
| Total | 124 | 165 | 151 | 171 | 11.3% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Myanmar in 2022:
- Thailand (306.6K cubic meters)
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