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

Contents:

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

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

In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $1.2 per cubic meter, surging by 8.5% against the previous year. Overall, the export price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum at $1.6 per cubic meter in 2015; however, from 2016 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 Germany ($5 per cubic meter), while the average price for exports to Portugal ($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 Germany (+5.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $1.5 per cubic meter, which is down by -4.4% against the previous year. Over the period under review, the import price saw a slight decline. The growth pace was the most rapid in 2014 when the average import price increased by 51%. As a result, import price reached the peak level of $2.1 per cubic meter. From 2015 to 2022, the average 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 Germany ($5 per cubic meter), while the price for Portugal ($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 Portugal (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of hydrogen, rare gases and other non-metalses from Spain soared to 102M cubic meters, rising by 16% on the year before. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +19.3% 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 +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of hydrogen, rare gases and other non-metalses skyrocketed to $121M in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 79%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Export of Hydrogen, Rare Gases and Other Non-Metals in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1.525.430.073.1265.3%
Portugal16.013.217.015.9-0.2%
Italy3.30.66.910.245.7%
France2.12.84.97.955.5%
Germany4.03.26.75.511.2%
Morocco1.22.03.71.916.6%
Others15.56.727.27.0-23.3%
Total43.553.896.312140.6%

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

  1. Portugal (48.3M cubic meters)
  2. United Kingdom (30.2M cubic meters)
  3. France (11.3M cubic meters)
  4. Morocco (5.2M cubic meters)
  5. Italy (3.9M cubic meters)
  6. Germany (1.1M cubic meters)

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

Imports of hydrogen, rare gases and other non-metalses into Spain skyrocketed to 66M cubic meters in 2022, with an increase of 41% against 2021. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% 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 +66.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $99M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Import of Hydrogen, Rare Gases and Other Non-Metals in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.05.117.028.842.3%
Netherlands7.07.611.721.344.9%
France2.79.910.313.470.6%
Germany8.57.59.97.8-2.8%
Portugal3.83.83.74.66.6%
Malaysia0.32.02.44.1139.1%
Belgium0.61.03.13.478.3%
Others24.115.715.315.2-14.2%
Total57.052.673.398.620.0%

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

  1. Portugal (24.5M cubic meters)
  2. Netherlands (14.8M cubic meters)
  3. China (12.9M cubic meters)
  4. France (6.4M cubic meters)
  5. Malaysia (2.1M cubic meters)
  6. Belgium (1.6M cubic meters)
  7. Germany (1.5M cubic meters)

Source: IndexBox Market Intelligence Platform

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