Price for Hydrogen, Rare Gases and Other Non-Metals in Finland - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Finland (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Finland (FOB) - 2023
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Finland
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Finland
Price for Hydrogen, Rare Gases and Other Non-Metals in Finland (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $1.4 per cubic meter, reducing by -7.4% against the previous year. In general, the import price faced a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 90%. Over the period under review, average import prices reached the peak figure at $11 per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3.2 per cubic meter), while the price for Sweden ($0.9 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.6%), while the prices for the other major suppliers experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in Finland (FOB) - 2023
The average export price for hydrogen, rare gases and other non-metalses stood at $111 per cubic meter in October 2023, shrinking by -13.5% against the previous month. Overall, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in February 2023 an increase of 141% month-to-month. The export price peaked at $177 per cubic meter in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Sweden ($322 per cubic meter), while the average price for exports to Latvia stood at $23.4 per cubic meter.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.0%).
Imports of Hydrogen, Rare Gases and Other Non-Metals in Finland
Imports of hydrogen, rare gases and other non-metalses into Finland surged to 11M cubic meters in 2022, jumping by 44% against 2021 figures. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of hydrogen, rare gases and other non-metalses surged to $16M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Hydrogen, Rare Gases and Other Non-Metals in Finland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 3.5 | 3.4 | 5.3 | 6.0 | 19.7% |
Sweden | 2.1 | 2.1 | 2.2 | 4.9 | 32.6% |
Germany | 2.7 | 3.1 | 3.1 | 3.2 | 5.8% |
Others | 1.6 | 0.8 | 1.5 | 2.1 | 9.5% |
Total | 9.9 | 9.5 | 12.2 | 16.2 | 17.8% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Finland in 2022:
- Sweden (5.3M cubic meters)
- Netherlands (4.5M cubic meters)
- Germany (1.0M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Finland
In 2022, approx. 550K cubic meters of hydrogen, rare gases and other non-metalses were exported from Finland; with an increase of 3,901% compared with the year before. In general, exports enjoyed a significant expansion. As a result, the exports attained 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 $9.5M in 2022. Overall, exports recorded significant growth. 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 Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 101 | 123 | 85.0 | 3,969 | 240.0% |
Latvia | 27.9 | 40.8 | 66.9 | 1,537 | 280.5% |
Denmark | 1.4 | N/A | N/A | 1,061 | 811.7% |
Germany | 2.2 | 2.9 | 4.6 | 880 | 636.8% |
Estonia | N/A | N/A | N/A | 462 | 0% |
Norway | 3.6 | 86.2 | 5.3 | 406 | 383.1% |
Russia | 76.3 | 80.5 | 80.5 | 387 | 71.8% |
Netherlands | N/A | 50.0 | N/A | 113 | 50.3% |
Others | 8.6 | 10.6 | 8.4 | 683 | 329.8% |
Total | 221 | 394 | 251 | 9,498 | 250.3% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Finland in 2022:
- Denmark (128.8K cubic meters)
- Latvia (98.6K cubic meters)
- Norway (79.1K cubic meters)
- Germany (74.3K cubic meters)
- Sweden (68.6K cubic meters)
- Estonia (57.7K cubic meters)
- Russia (28.2K cubic meters)
- Netherlands (9.0K cubic meters)
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