Price for Hydrogen, Rare Gases and Other Non-Metals in Romania - 2023

Contents:

1. Price for Hydrogen, Rare Gases and Other Non-Metals in Romania (CIF) - 2022
2. Price for Hydrogen, Rare Gases and Other Non-Metals in Romania (FOB) - 2023
3. Imports of Hydrogen, Rare Gases and Other Non-Metals in Romania
4. Exports of Hydrogen, Rare Gases and Other Non-Metals in Romania

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

In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $1.1 per cubic meter, jumping by 20% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hydrogen, rare gases and other non-metalses increased by +2.9% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 76% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4.1 per cubic meter), while the price for Bulgaria ($0.2 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydrogen, Rare Gases and Other Non-Metals in Romania (FOB) - 2023

The average export price for hydrogen, rare gases and other non-metalses stood at $856 per thousand cubic meters in November 2023, growing by 35% against the previous month. In general, the export price saw resilient growth. The pace of growth was the most pronounced in December 2022 when the average export price increased by 95% against the previous month. The export price peaked at $891 per thousand cubic meters in April 2023; however, from May 2023 to November 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Italy ($2.5 per cubic meter), while the average price for exports to Bulgaria ($378 per thousand cubic meters) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of hydrogen, rare gases and other non-metalses into Romania dropped to 19M cubic meters, shrinking by -9.7% against the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.7% 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 +39.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports attained the peak of 21M cubic meters, and then declined in the following year.

In value terms, imports of hydrogen, rare gases and other non-metalses expanded significantly to $21M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +66.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Bulgaria (6.2M cubic meters)
2. Hungary (4.0M cubic meters)
3. Poland (1.8M cubic meters)
4. Serbia (1.6M cubic meters)
5. Austria (1.5M cubic meters)
6. Belarus (1.2M cubic meters)
7. Ukraine (1.1M cubic meters)
8. Netherlands (0.4M cubic meters)
9. Croatia (0.3M cubic meters)

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

In 2022, approx. 33M cubic meters of hydrogen, rare gases and other non-metalses were exported from Romania; increasing by 14% compared with the previous year. The total export volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of hydrogen, rare gases and other non-metalses skyrocketed to $9M in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Bulgaria (14.9M cubic meters)
2. Greece (10.7M cubic meters)
3. Serbia (2.5M cubic meters)
4. Turkey (2.4M cubic meters)
5. Germany (0.6M cubic meters)
6. Cyprus (0.5M cubic meters)
7. Hungary (0.3M cubic meters)

Source: IndexBox Market Intelligence Platform