Price for Hydrogen, Rare Gases and Other Non-Metals in the Philippines - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in the Philippines (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in the Philippines (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in the Philippines
- Exports of Hydrogen, Rare Gases and Other Non-Metals in the Philippines
Price for Hydrogen, Rare Gases and Other Non-Metals in the Philippines (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $3.1 per cubic meter in 2022, growing by 18% against the previous year. Overall, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 100%. The import price peaked at $5.8 per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($12 per cubic meter), while the price for Taiwan (Chinese) ($0.6 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydrogen, Rare Gases and Other Non-Metals in the Philippines (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $38 per cubic meter in 2022, growing by 38% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2014 when the average export price increased by 100% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($62 per cubic meter), while the average price for exports to Germany ($8.6 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 China (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydrogen, Rare Gases and Other Non-Metals in the Philippines
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into the Philippines surged to 19M cubic meters, with an increase of 61% compared with 2021. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 98%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $57M in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hydrogen, Rare Gases and Other Non-Metals in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.5 | 0.9 | 5.0 | 21.6 | 143.3% |
| China | 4.5 | 3.5 | 9.9 | 13.5 | 44.2% |
| Germany | 16.6 | 5.6 | 6.2 | 6.8 | -25.7% |
| Japan | 0.8 | 6.9 | 0.9 | 5.3 | 87.8% |
| United States | 3.3 | 1.9 | 0.6 | 3.7 | 3.9% |
| Indonesia | 0.2 | 1.0 | 1.6 | 1.0 | 71.0% |
| South Korea | 0.6 | 0.2 | 1.5 | 0.4 | -12.6% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 6.2 | 6.1 | 4.5 | 4.8 | -8.2% |
| Total | 33.9 | 26.2 | 30.2 | 57.3 | 19.1% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to the Philippines in 2022:
- China (10.1M cubic meters)
- Singapore (3.8M cubic meters)
- United States (1.6M cubic meters)
- Indonesia (0.8M cubic meters)
- Japan (0.7M cubic meters)
- Germany (0.6M cubic meters)
- South Korea (0.4M cubic meters)
- Taiwan (Chinese) (0.3M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in the Philippines
Exports of hydrogen, rare gases and other non-metalses from the Philippines rose rapidly to 852K cubic meters in 2022, picking up by 12% against 2021. The total export volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 $32M in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 61% 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 the immediate term.
| Export of Hydrogen, Rare Gases and Other Non-Metals in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.4 | 1.0 | 5.4 | 18.9 | 261.5% |
| United States | 4.6 | 3.9 | 5.5 | 5.7 | 7.4% |
| China | 3.4 | 3.8 | 5.6 | 4.7 | 11.4% |
| Germany | 3.1 | 3.1 | 1.4 | 1.1 | -29.2% |
| Brazil | 0.2 | 0.1 | 0.7 | 0.7 | 51.8% |
| Belgium | N/A | N/A | 1.3 | 0.7 | -46.2% |
| India | 0.3 | 0.5 | 0.4 | 0.3 | 0.0% |
| Thailand | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| South Korea | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.2 | 0.3 | 0.4 | 0.2 | 0.0% |
| Total | 12.5 | 13.0 | 21.0 | 32.5 | 37.5% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from the Philippines in 2022:
- Japan (303.4K cubic meters)
- United States (176.3K cubic meters)
- Germany (125.6K cubic meters)
- China (114.4K cubic meters)
- Belgium (66.0K cubic meters)
- India (18.9K cubic meters)
- Brazil (18.4K cubic meters)
- Thailand (14.1K cubic meters)
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