Price for Hydrogen, Rare Gases and Other Non-Metals in Japan - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Japan (CIF) - 2023
- Price for Hydrogen, Rare Gases and Other Non-Metals in Japan (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Japan
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Japan
Price for Hydrogen, Rare Gases and Other Non-Metals in Japan (CIF) - 2023
In November 2023, the average import price for hydrogen, rare gases and other non-metalses amounted to $16.3 per cubic meter, declining by -47.5% against the previous month. Overall, the import price recorded a abrupt downturn. The growth pace was the most rapid in September 2023 an increase of 44% m-o-m. Over the period under review, average import prices hit record highs at $31.3 per cubic meter in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($4.3 per cubic meter), while the price for Malaysia ($2.0 per cubic meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in Japan (FOB) - 2022
In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $29 per cubic meter, rising by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $51 per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($80 per cubic meter), while the average price for exports to Poland ($6 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 Taiwan (Chinese) (-0.6%), while the prices for the other major destinations experienced a decline.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Japan
In 2022, approx. 280M cubic meters of hydrogen, rare gases and other non-metalses were imported into Japan; with a decrease of -6.8% compared with the year before. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. As a result, imports reached the peak of 300M cubic meters, and then contracted in the following year.
In value terms, imports of hydrogen, rare gases and other non-metalses soared to $2B in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 328 | 297 | 743 | 666 | 26.6% |
| United States | 546 | 453 | 469 | 535 | -0.7% |
| Vietnam | 68.3 | 64.2 | 85.1 | 190 | 40.6% |
| Norway | 26.2 | 41.8 | 45.4 | 84.3 | 47.6% |
| Brazil | 22.7 | 22.5 | 15.1 | 75.2 | 49.1% |
| Australia | 26.4 | 25.5 | 19.1 | 65.9 | 35.7% |
| Lao People's Democratic Republic | 0.5 | 0.1 | 0.5 | 27.0 | 278.0% |
| Others | 251 | 233 | 279 | 376 | 14.4% |
| Total | 1,269 | 1,137 | 1,656 | 2,019 | 16.7% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Japan in 2022:
- China (145.9M cubic meters)
- Vietnam (59.0M cubic meters)
- Norway (17.4M cubic meters)
- Brazil (16.3M cubic meters)
- United States (10.9M cubic meters)
- Australia (10.8M cubic meters)
- Lao People's Democratic Republic (6.4M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Japan
After three years of growth, overseas shipments of hydrogen, rare gases and other non-metalses decreased by -8.7% to 22M cubic meters in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of 24M cubic meters, and then fell in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses surged to $620M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 167 | 155 | 201 | 252 | 14.7% |
| China | 42.7 | 60.0 | 101 | 158 | 54.7% |
| South Korea | 55.3 | 56.0 | 71.8 | 77.0 | 11.7% |
| Malaysia | 32.6 | 27.4 | 43.6 | 39.7 | 6.8% |
| United States | 22.7 | 16.0 | 17.2 | 16.8 | -9.5% |
| Poland | 2.6 | 3.4 | 6.7 | 4.0 | 15.4% |
| Germany | 3.8 | 1.3 | 4.6 | 2.7 | -10.8% |
| Hong Kong SAR | 2.9 | 2.2 | 2.0 | 2.1 | -10.2% |
| Others | 75.7 | 67.8 | 75.5 | 68.3 | -3.4% |
| Total | 406 | 390 | 524 | 620 | 15.2% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Japan in 2022:
- China (9.0M cubic meters)
- Taiwan (Chinese) (6.2M cubic meters)
- United States (2.2M cubic meters)
- South Korea (1.4M cubic meters)
- Poland (0.7M cubic meters)
- Malaysia (0.5M cubic meters)
- Germany (0.4M cubic meters)
- Hong Kong SAR (0.2M cubic meters)
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