Turkey - Hydrogen - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHydrogen Price in Turkey - 2023
Contents:
- Hydrogen Price in Turkey (CIF) - 2022
- Hydrogen Price in Turkey (FOB) - 2022
- Hydrogen Imports in Turkey
- Hydrogen Exports in Turkey
Hydrogen Price in Turkey (CIF) - 2022
In 2022, the average hydrogen import price amounted to $2.5 per cubic meter, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 79% against the previous year. The import price peaked at $12 per cubic meter in 2014; however, from 2015 to 2022, 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 Belgium ($10 per cubic meter), while the price for Serbia ($1.9 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Hydrogen Price in Turkey (FOB) - 2022
The average hydrogen export price stood at $1.1 per cubic meter in 2022, which is down by -12.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 65%. The export price peaked at $2.2 per cubic meter in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($12 per cubic meter), while the average price for exports to Algeria ($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 Azerbaijan (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.
Hydrogen Imports in Turkey
For the fourth year in a row, Turkey recorded growth in supplies from abroad of hydrogen, which increased by 157% to 79K cubic meters in 2022. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, hydrogen imports soared to $195K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Hydrogen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 24.5 | 30.2 | 14.5 | 88.2 | 53.3% |
| Germany | 2.1 | 8.8 | 14.3 | 47.1 | 182.0% |
| Romania | N/A | 7.7 | 30.1 | 39.6 | 126.8% |
| Netherlands | N/A | 3.0 | N/A | 5.8 | 39.0% |
| United Arab Emirates | 5.1 | N/A | N/A | 4.2 | -6.3% |
| Greece | 3.5 | 0.9 | 2.4 | 4.2 | 6.3% |
| Others | 8.7 | 12.8 | 14.8 | 6.1 | -11.2% |
| Total | 44.0 | 63.4 | 76.0 | 195 | 64.3% |
Top Suppliers of Hydrogen to Turkey in 2022:
- Serbia (47.2K cubic meters)
- Germany (17.4K cubic meters)
- Romania (8.3K cubic meters)
- Netherlands (1.8K cubic meters)
- United Arab Emirates (1.6K cubic meters)
- Greece (1.4K cubic meters)
Hydrogen Exports in Turkey
In 2022, exports of hydrogen from Turkey surged to 30K cubic meters, jumping by 102% compared with the previous year's figure. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, hydrogen exports soared to $35K in 2022. In general, exports, however, saw a perceptible decrease. The exports peaked at $40K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Hydrogen in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | 7.4 | 12.6 | 70.3% |
| Azerbaijan | 1.2 | 7.6 | 3.7 | 10.3 | 104.7% |
| Bulgaria | N/A | N/A | N/A | 5.7 | 0% |
| Algeria | N/A | N/A | 1.7 | 2.4 | 41.2% |
| Iran | 2.3 | 15.0 | 0.5 | 1.6 | -11.4% |
| Georgia | 0.2 | 1.8 | 1.3 | 1.1 | 76.5% |
| Senegal | 35.4 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 5.8 | 5.1 | 1.2 | -5.0% |
| Total | 40.4 | 30.1 | 19.7 | 34.7 | -4.9% |
Top Export Markets for Hydrogen from Turkey in 2022:
- Iraq (15.8K cubic meters)
- Algeria (8.4K cubic meters)
- Bulgaria (2.4K cubic meters)
- Georgia (1.3K cubic meters)
- Azerbaijan (0.9K cubic meters)
- Iran (0.8K cubic meters)
This report provides an in-depth analysis of the hydrogen market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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