Price for Hydrogen, Rare Gases and Other Non-Metals in New Zealand - 2024

Contents:

  1. Price for Hydrogen, Rare Gases and Other Non-Metals in New Zealand (CIF) - 2022
  2. Price for Hydrogen, Rare Gases and Other Non-Metals in New Zealand (FOB) - 2024
  3. Imports of Hydrogen, Rare Gases and Other Non-Metals in New Zealand
  4. Exports of Hydrogen, Rare Gases and Other Non-Metals in New Zealand

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

The average import price for hydrogen, rare gases and other non-metalses stood at $2.3 per cubic meter in 2022, picking up by 9.7% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 44%. As a result, import price attained the peak level of $4.4 per cubic meter. From 2014 to 2022, the average import prices remained at a lower figure.

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 ($7 per cubic meter), while the price for Singapore ($0.5 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 (+11.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hydrogen, Rare Gases and Other Non-Metals in New Zealand (FOB) - 2024

In January 2024, the average export price for hydrogen, rare gases and other non-metalses amounted to $1.0 per cubic meter, surging by 157% against the previous month. In general, the export price enjoyed a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In January 2024, the country with the highest price was French Polynesia ($318 per thousand cubic meters), while the average price for exports to Papua New Guinea ($303 per thousand cubic meters) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to French Polynesia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of hydrogen, rare gases and other non-metalses imported into New Zealand soared to 3.3M cubic meters, increasing by 35% compared with 2021 figures. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports of attained the maximum at 4.1M cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $7.7M in 2022. In general, imports enjoyed slight growth. 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 New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia2.21.53.35.132.3%
China3.51.20.31.3-28.1%
Singapore0.20.20.50.535.7%
United States0.30.30.30.410.1%
Malaysia0.70.1N/A0.1-47.7%
Others0.40.30.70.2-20.6%
Total7.43.55.27.71.3%

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

  1. Australia (1945.6K cubic meters)
  2. Singapore (994.1K cubic meters)
  3. China (244.2K cubic meters)
  4. United States (58.5K cubic meters)
  5. Malaysia (47.4K cubic meters)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of hydrogen, rare gases and other non-metalses, when their volume decreased by -18% to 3.1M cubic meters. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. As a result, the exports reached the peak of 3.7M cubic meters, and then dropped rapidly in the following year.

In value terms, exports of hydrogen, rare gases and other non-metalses shrank significantly to $1.1M in 2022. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 108%. As a result, the exports attained the peak of $2M, and then dropped sharply in the following year.

Export of Hydrogen, Rare Gases and Other Non-Metals in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Fiji28022146644316.5%
Papua New Guinea3872884944263.3%
Australia68833078483.9-50.4%
French Polynesia79.759.290.655.8-11.2%
United StatesN/A1.421.439.0427.8%
New CaledoniaN/A2.741.19.284.6%
Others10459.410030.7-33.4%
Total1,5399621,9971,087-10.9%

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

  1. Papua New Guinea (1387.8K cubic meters)
  2. Fiji (1187.9K cubic meters)
  3. French Polynesia (321.7K cubic meters)
  4. New Caledonia (51.4K cubic meters)
  5. United States (50.7K cubic meters)
  6. Australia (27.6K cubic meters)

Source: IndexBox Market Intelligence Platform

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