Price for Hydrogen, Rare Gases and Other Non-Metals in Bulgaria - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Bulgaria (FOB) - 2023
- Price for Hydrogen, Rare Gases and Other Non-Metals in Bulgaria (CIF) - 2023
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Bulgaria
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Bulgaria
Price for Hydrogen, Rare Gases and Other Non-Metals in Bulgaria (FOB) - 2023
The average export price for hydrogen, rare gases and other non-metalses stood at $359 per thousand cubic meters in November 2023, with an increase of 21% against the previous month. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In November 2023, the countries with the highest prices were Serbia ($325 per thousand cubic meters) and North Macedonia ($266 per thousand cubic meters), while the average price for exports to Romania ($239 per thousand cubic meters) and Greece ($241 per thousand cubic meters) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Hydrogen, Rare Gases and Other Non-Metals in Bulgaria (CIF) - 2023
The average import price for hydrogen, rare gases and other non-metalses stood at $494 per thousand cubic meters in November 2023, surging by 23% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 27% against the previous month. Over the period under review, average import prices reached the maximum at $536 per thousand cubic meters in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was Romania ($372 per thousand cubic meters), while the price for Serbia stood at $344 per thousand cubic meters.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Romania (+6.1%).
Exports of Hydrogen, Rare Gases and Other Non-Metals in Bulgaria
In 2022, after two years of decline, there was significant growth in shipments abroad of hydrogen, rare gases and other non-metalses, when their volume increased by 19% to 30M cubic meters. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports of attained the maximum at 36M cubic meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of hydrogen, rare gases and other non-metalses soared to $9.8M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 3.7 | 3.8 | 4.1 | 7.1 | 24.3% |
| Romania | 0.9 | 0.5 | 0.8 | 1.3 | 13.0% |
| North Macedonia | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Serbia | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Cyprus | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.6 | 0.5 | 0.6 | 0.5 | -5.9% |
| Total | 5.3 | 4.9 | 5.8 | 9.8 | 22.7% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Bulgaria in 2022:
- Greece (21.4M cubic meters)
- Romania (5.4M cubic meters)
- North Macedonia (1.8M cubic meters)
- Serbia (0.7M cubic meters)
- Cyprus (0.6M cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas purchases of hydrogen, rare gases and other non-metalses, when their volume decreased by -32.4% to 26M cubic meters. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of 38M cubic meters, and then reduced remarkably in the following year.
In value terms, imports of hydrogen, rare gases and other non-metalses surged to $9.7M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +47.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 2.9 | 2.5 | 2.8 | 3.0 | 1.1% |
| Romania | 1.0 | 1.9 | 2.0 | 1.8 | 21.6% |
| Moldova | N/A | N/A | N/A | 0.7 | 0% |
| Ukraine | 0.8 | 0.7 | 0.6 | 0.3 | -27.9% |
| Others | 1.9 | 1.7 | 3.0 | 3.9 | 27.1% |
| Total | 6.6 | 6.6 | 8.4 | 9.7 | 13.7% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Bulgaria in 2022:
- Romania (11.7M cubic meters)
- Serbia (11.6M cubic meters)
- Ukraine (0.6M cubic meters)
- Moldova (0.5M cubic meters)
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