
Canada - Hydrogen - Market Analysis, Forecast, Size, Trends And Insights
Hydrogen Price in Canada Stands at $190 per thousand Cubic Meters
Canada Hydrogen Export Price in July 2022
In July 2022, the hydrogen price stood at $190 per thousand cubic meters (FOB, Canada), standing approximately at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average export price increased by 0.8% against the previous month. Over the period under review, the average export prices hit record highs at $195 per thousand cubic meters in January 2022; however, from February 2022 to July 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2022 to July 2022, the rate of growth in terms of prices for the United States amounted to -0.4% per month.
Canada Hydrogen Exports
In July 2022, shipments abroad of hydrogen increased by 51% to 28M cubic meters, rising for the third month in a row after two months of decline. Over the period under review, exports posted a tangible expansion. The most prominent rate of growth was recorded in June 2022 with an increase of 128% against the previous month. Over the period under review, the exports attained the peak figure in July 2022.
In value terms, hydrogen exports soared to $5.3M (IndexBox estimates) in July 2022. In general, exports posted a noticeable increase. The most prominent rate of growth was recorded in June 2022 when exports increased by 129% m-o-m. Over the period under review, the exports attained the peak figure in July 2022.
Canada Hydrogen Exports by Country
the United States (28M cubic meters) was the main destination for hydrogen exports from Canada, accounting for a approximately 100% share of total exports.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume to the United States stood at +2.5%.
In value terms, the United States ($5.3M) also remains the key foreign market for hydrogen exports from Canada.
From January 2022 to July 2022, the average monthly rate of growth in terms of value to the United States stood at +2.1%.
This report provides an in-depth analysis of the hydrogen market in Canada. 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.
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The Largest Import Supplying Countries
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The Largest Producers on The Market and Their Profiles
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