Price for Hydrogen, Rare Gases and Other Non-Metals in Ireland - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Ireland (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Ireland (FOB) - 2023
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Ireland
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Ireland
Price for Hydrogen, Rare Gases and Other Non-Metals in Ireland (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $0.2 per cubic meter, falling by -4.3% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 a decrease of -0.5%. Over the period under review, average import prices reached the peak figure at $1.2 per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -20.5% per year.
Price for Hydrogen, Rare Gases and Other Non-Metals in Ireland (FOB) - 2023
The average export price for hydrogen, rare gases and other non-metalses stood at $716 per thousand cubic meters in November 2023, jumping by 54% against the previous month. Overall, export price indicated a noticeable expansion from November 2022 to November 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for hydrogen, rare gases and other non-metalses increased by +53.8% against October 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 89% against the previous month. The export price peaked at $840 per thousand cubic meters in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From November 2022 to November 2023, the rate of growth in terms of prices for the UK amounted to +4.9% per month.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Ireland
For the fourth consecutive year, Ireland recorded growth in purchases abroad of hydrogen, rare gases and other non-metalses, which increased by 61% to 225M cubic meters in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of hydrogen, rare gases and other non-metalses surged to $46M in 2022. Over the period under review, imports saw 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 Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.4 | 10.3 | 10.6 | 14.0 | 18.6% |
| Others | 11.6 | 13.2 | 19.0 | 31.8 | 40.0% |
| Total | 20.0 | 23.5 | 29.7 | 45.8 | 31.8% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Ireland in 2022:
- United Kingdom (222.2M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Ireland
In 2022, shipments abroad of hydrogen, rare gases and other non-metalses decreased by -17.8% to 28M cubic meters for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of 34M cubic meters, and then dropped significantly in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses shrank to $7.2M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, the exports attained the peak of $8.2M, and then fell in the following year.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.6 | 5.1 | 6.7 | 5.6 | 6.8% |
| Others | N/A | N/A | 1.5 | 1.6 | 6.7% |
| Total | 4.6 | 5.2 | 8.2 | 7.2 | 16.1% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Ireland in 2022:
- United Kingdom (28.3M cubic meters)
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