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ASEAN - Hydrogen - Market Analysis, Forecast, Size, Trends and Insights
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View PricingASEAN: Hydrogen Market 2024
Hydrogen Market Size in ASEAN
The ASEAN hydrogen market surged to $X in 2023, increasing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market reached the peak level in 2023 and is likely to see steady growth in the immediate term.
Hydrogen Production in ASEAN
In value terms, hydrogen production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked in 2023 and is expected to retain growth in years to come.
Hydrogen Exports
Exports in ASEAN
In 2023, after three years of growth, there was significant decline in overseas shipments of hydrogen, when their volume decreased by X% to X cubic meters. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2022, and then reduced dramatically in the following year.
In value terms, hydrogen exports contracted rapidly to $X in 2023. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then declined notably in the following year.
Exports by Country
Malaysia was the main exporter of hydrogen in ASEAN, with the volume of exports resulting at X cubic meters, which was near X% of total exports in 2023. Singapore (X cubic meters) held the second position in the ranking, followed by Thailand (X cubic meters). All these countries together took near X% share of total exports.
Malaysia was also the fastest-growing in terms of the hydrogen exports, with a CAGR of X% from 2012 to 2023. Singapore experienced a relatively flat trend pattern. Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2023, respectively.
In value terms, Malaysia ($X) remains the largest hydrogen supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with an X% share of total exports.
In Malaysia, hydrogen exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).
Export Prices by Country
The export price in ASEAN stood at $X per thousand cubic meters in 2023, with an increase of X% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per cubic meter), while Thailand ($X per thousand cubic meters) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.
Hydrogen Imports
Imports in ASEAN
In 2023, overseas purchases of hydrogen decreased by X% to X cubic meters, falling for the second year in a row after three years of growth. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, hydrogen imports shrank notably to $X in 2023. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then fell rapidly in the following year.
Imports by Country
Malaysia was the major importing country with an import of about X cubic meters, which recorded X% of total imports. Singapore (X cubic meters) ranks second in terms of the total imports with an X% share, followed by Lao People's Democratic Republic (X%). The following importers - Indonesia (X cubic meters) and Myanmar (X cubic meters) - together made up X% of total imports.
From 2012 to 2023, average annual rates of growth with regard to hydrogen imports into Malaysia stood at X%. At the same time, Myanmar (X%), Lao People's Democratic Republic (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Singapore saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.
Among the main importing countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the import price in ASEAN amounted to $X per cubic meter, leveling off at the previous year. Overall, the import price saw a strong expansion. The pace of growth was the most pronounced in 2022 when the import price increased by X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Myanmar ($X per cubic meter), while Lao People's Democratic Republic ($X per thousand cubic meters) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the hydrogen market in ASEAN. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20111150 - Hydrogen
Country coverage:
- Brunei Darussalam
- Cambodia
- Indonesia
- Lao People's Democratic Republic
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ASEAN, split by region and country
- Trade (exports and imports) in ASEAN
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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