Price for Hydrogen, Rare Gases and Other Non-Metals in Singapore - 2022

Contents:

1. Price for Hydrogen, Rare Gases and Other Non-Metals in Singapore (CIF) - 2022
2. Price for Hydrogen, Rare Gases and Other Non-Metals in Singapore (FOB) - 2022
3. Imports of Hydrogen, Rare Gases and Other Non-Metals in Singapore
4. Exports of Hydrogen, Rare Gases and Other Non-Metals in Singapore

Price for Hydrogen, Rare Gases and Other Non-Metals in Singapore (CIF) - 2022

In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $2.7 per cubic meter, reducing by -10.8% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2018 an increase of 29%. Over the period under review, average import prices attained the peak figure at $4.6 per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 States ($4.7 per cubic meter), while the price for China ($1 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hydrogen, Rare Gases and Other Non-Metals in Singapore (FOB) - 2022

In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $0.9 per cubic meter, remaining constant against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.7% 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 decreased by -4.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28%. Over the period under review, the average export prices hit record highs at $0.9 per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($0.9 per cubic meter), while the average price for exports to Kenya ($0.3 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 Philippines (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydrogen, Rare Gases and Other Non-Metals in Singapore

Imports of hydrogen, rare gases and other non-metalses into Singapore soared to 125M cubic meters in 2022, rising by 32% against 2021 figures. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of hydrogen, rare gases and other non-metalses surged to $336M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 +68.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Singapore in 2022:

1. China (49.7M cubic meters)
2. Germany (43.3M cubic meters)
3. United States (15.0M cubic meters)
4. Malaysia (8.5M cubic meters)

Exports of Hydrogen, Rare Gases and Other Non-Metals in Singapore

In 2022, exports of hydrogen, rare gases and other non-metalses from Singapore expanded rapidly to 133M cubic meters, picking up by 11% compared with the year before. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of hydrogen, rare gases and other non-metalses expanded markedly to $119M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 31%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Singapore in 2022:

1. Malaysia (27.8M cubic meters)
2. Philippines (26.9M cubic meters)
3. Germany (16.8M cubic meters)
4. Indonesia (16.3M cubic meters)
5. Japan (12.7M cubic meters)
6. Australia (7.2M cubic meters)
7. Kenya (3.7M cubic meters)
8. Hong Kong SAR (2.1M cubic meters)

Source: IndexBox Market Intelligence Platform