Price for Hydrogen, Rare Gases and Other Non-Metals in the United States - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in the United States (FOB) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in the United States (CIF) - 2022
- Exports of Hydrogen, Rare Gases and Other Non-Metals in the United States
- Imports of Hydrogen, Rare Gases and Other Non-Metals in the United States
Price for Hydrogen, Rare Gases and Other Non-Metals in the United States (FOB) - 2022
In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $1.7 per cubic meter, rising by 5.5% against the previous year. Over the period under review, the export price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices attained the maximum at $5.9 per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($8.6 per cubic meter), while the average price for exports to Canada ($0.1 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 Vietnam (+9.8%), while the prices for the other major destinations experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in the United States (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $1.5 per cubic meter, with an increase of 16% against the previous year. Overall, the import price, however, saw a abrupt downturn. The import price peaked at $6.3 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 China ($3.7 per cubic meter), while the price for Japan ($0.3 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-10.6%), while the prices for the other major suppliers experienced a decline.
Exports of Hydrogen, Rare Gases and Other Non-Metals in the United States
In 2022, approx. 1.3B cubic meters of hydrogen, rare gases and other non-metalses were exported from the United States; with an increase of 29% compared with the previous year. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% 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 +75.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of hydrogen, rare gases and other non-metalses skyrocketed to $2.3B in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hydrogen, Rare Gases and Other Non-Metals in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 419 | 438 | 520 | 564 | 10.4% |
| Vietnam | 51.3 | 45.7 | 115 | 476 | 110.1% |
| Germany | 96.7 | 177 | 146 | 192 | 25.7% |
| China | 86.9 | 89.5 | 111 | 151 | 20.2% |
| South Korea | 240 | 206 | 203 | 130 | -18.5% |
| Canada | 53.7 | 54.2 | 59.4 | 65.5 | 6.8% |
| Mexico | 60.3 | 44.6 | 49.8 | 46.2 | -8.5% |
| Netherlands | 3.2 | 7.7 | 2.3 | 5.7 | 21.2% |
| Saudi Arabia | 19.3 | 1.7 | 1.8 | 0.7 | -66.9% |
| Others | 279 | 313 | 443 | 621 | 30.6% |
| Total | 1,310 | 1,378 | 1,650 | 2,251 | 19.8% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from the United States in 2022:
- Canada (648.8M cubic meters)
- Mexico (279.8M cubic meters)
- Japan (73.1M cubic meters)
- Vietnam (55.2M cubic meters)
- South Korea (41.9M cubic meters)
- Germany (29.2M cubic meters)
- Netherlands (25.4M cubic meters)
- China (22.6M cubic meters)
- Saudi Arabia (2.5M cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in the United States
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into the United States soared to 786M cubic meters, picking up by 56% against 2021. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $1.2B in 2022. Overall, imports recorded a significant expansion. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 136 | 112 | 163 | 358 | 38.1% |
| Canada | 159 | 136 | 168 | 293 | 22.6% |
| Norway | 41.9 | 40.8 | 32.2 | 82.4 | 25.3% |
| China | 11.4 | 14.1 | 14.4 | 49.8 | 63.5% |
| Malaysia | 6.6 | 16.4 | 2.4 | 47.2 | 92.7% |
| Thailand | 14.3 | 3.1 | 16.7 | 30.6 | 28.9% |
| Kazakhstan | 33.6 | 27.1 | 20.5 | 25.7 | -8.5% |
| Australia | 17.7 | 16.6 | 16.7 | 19.8 | 3.8% |
| Japan | 41.9 | 14.3 | 15.3 | 13.4 | -31.6% |
| Others | 220 | 173 | 204 | 261 | 5.9% |
| Total | 682 | 554 | 653 | 1,181 | 20.1% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to the United States in 2022:
- Canada (297.7M cubic meters)
- Brazil (233.2M cubic meters)
- Norway (53.7M cubic meters)
- Japan (38.2M cubic meters)
- Malaysia (30.7M cubic meters)
- Thailand (19.9M cubic meters)
- Kazakhstan (16.8M cubic meters)
- China (13.3M cubic meters)
- Australia (12.9M cubic meters)
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