Price for Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR (FOB) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR (CIF) - 2022
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR
Price for Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $20 per cubic meter in 2022, rising by 11% against the previous year. In general, the export price, however, saw a dramatic setback. The growth pace was the most rapid in 2020 an increase of 13%. The export price peaked at $192 per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($23 per cubic meter), while the average price for exports to Japan ($11 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 Japan (-17.3%), while the prices for the other major destinations experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $5.8 per cubic meter in 2022, shrinking by -4.9% against the previous year. Overall, the import price saw a dramatic decline. The growth pace was the most rapid in 2020 when the average import price increased by 60% against the previous year. The import price peaked at $64 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 Japan ($13 per cubic meter), while the price for the UK ($0.8 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-16.4%), while the prices for the other major suppliers experienced a decline.
Exports of Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of hydrogen, rare gases and other non-metalses, which decreased by -57.4% to 3M cubic meters in 2022. Over the period under review, exports recorded a significant decrease. The smallest decline of -0.8% was in 2021. The exports peaked at 7.5M cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of hydrogen, rare gases and other non-metalses plummeted to $61M in 2022. Overall, exports showed a sharp curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 7.1%. As a result, the exports attained the peak of $133M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.7 | 115 | 92.6 | 34.4 | -29.6% |
| South Korea | 0.8 | 1.3 | 1.1 | 4.9 | 83.0% |
| Japan | 1.1 | N/A | 0.2 | 2.0 | 22.1% |
| Taiwan (Chinese) | 2.4 | 1.8 | 2.6 | 1.6 | -12.6% |
| Greece | N/A | N/A | N/A | N/A | 0% |
| Others | 21.4 | 14.9 | 31.9 | 17.8 | -6.0% |
| Total | 124 | 133 | 129 | 60.7 | -21.2% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Hong Kong SAR in 2022:
- China (2374.5K cubic meters)
- South Korea (211.1K cubic meters)
- Japan (179.8K cubic meters)
- Taiwan (Chinese) (115.8K cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into Hong Kong SAR reduced notably to 8.8M cubic meters, shrinking by -66.6% compared with the year before. Overall, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Imports peaked at 27M cubic meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of hydrogen, rare gases and other non-metalses fell dramatically to $51M in 2022. Over the period under review, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of $173M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 10.0 | 1.9 | 9.1 | 7.3 | -10.0% |
| China | 101 | 140 | 119 | 7.2 | -58.5% |
| United States | 10.3 | 16.2 | 12.9 | 5.8 | -17.4% |
| South Korea | 3.0 | 1.6 | 2.2 | 3.0 | 0.0% |
| Japan | 1.8 | 1.9 | 2.6 | 2.5 | 11.6% |
| Germany | 2.3 | 0.7 | 0.7 | 2.4 | 1.4% |
| Taiwan (Chinese) | 1.3 | N/A | 1.0 | 2.2 | 19.2% |
| Italy | N/A | N/A | 1.4 | 2.1 | 50.0% |
| Poland | N/A | N/A | N/A | 1.5 | 0% |
| Malaysia | 0.4 | N/A | N/A | 0.4 | 0.0% |
| Others | 16.2 | 11.1 | 11.5 | 16.8 | 1.2% |
| Total | 146 | 173 | 161 | 51.0 | -29.6% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Hong Kong SAR in 2022:
- Singapore (3103.8K cubic meters)
- Germany (1446.3K cubic meters)
- China (1234.1K cubic meters)
- United States (1030.3K cubic meters)
- South Korea (282.0K cubic meters)
- Taiwan (Chinese) (198.0K cubic meters)
- Malaysia (195.8K cubic meters)
- Japan (191.3K cubic meters)
- Italy (167.4K cubic meters)
- Poland (140.8K cubic meters)
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