Price for Hydrogen, Rare Gases and Other Non-Metals in Mexico - 2022
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Mexico (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Mexico (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Mexico
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Mexico
Price for Hydrogen, Rare Gases and Other Non-Metals in Mexico (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $1.1 per cubic meter, surging by 12% against the previous year. In general, the import price, however, recorded a perceptible downturn. The import price peaked at $1.5 per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1.1 per cubic meter), while the price for China amounted to $1.1 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.5%).
Price for Hydrogen, Rare Gases and Other Non-Metals in Mexico (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $39 per cubic meter in 2022, shrinking by -12.6% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 162% against the previous year. Over the period under review, the average export prices hit record highs at $89 per cubic meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Nicaragua ($63 per cubic meter), while the average price for exports to Peru ($3.8 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 Nicaragua (-2.7%), while the prices for the other major destinations experienced a decline.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Mexico
In 2022, approx. 170M cubic meters of hydrogen, rare gases and other non-metalses were imported into Mexico; with an increase of 19% compared with the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +73.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $182M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.5 | 36.0 | 69.2 | 102 | 23.2% |
| United States | 66.4 | 56.8 | 66.7 | 78.5 | 5.7% |
| Others | 3.0 | 3.9 | 0.9 | 1.1 | -28.4% |
| Total | 124 | 96.7 | 137 | 182 | 13.6% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Mexico in 2022:
- China (95.6M cubic meters)
- United States (73.4M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Mexico
In 2022, the amount of hydrogen, rare gases and other non-metalses exported from Mexico shrank rapidly to 46K cubic meters, which is down by -47% against the year before. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of 87K cubic meters, and then reduced notably in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses contracted dramatically to $1.8M in 2022. Over the period under review, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports of attained the maximum at $4.7M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,841 | 777 | 1,258 | 1,282 | -11.4% |
| Guatemala | 827 | 789 | 1,623 | 398 | -21.6% |
| Peru | N/A | N/A | N/A | 58.1 | 0% |
| Nicaragua | N/A | N/A | 18.7 | 43.9 | 134.8% |
| Hong Kong SAR | 1,618 | N/A | N/A | N/A | 0% |
| Panama | N/A | 46.2 | 46.5 | N/A | 0.6% |
| El Salvador | 159 | 514 | 173 | N/A | 4.3% |
| Cuba | 131 | 93.9 | 720 | N/A | 134.4% |
| Others | 153 | 425 | 6.2 | N/A | -79.9% |
| Total | 4,730 | 2,645 | 3,846 | 1,782 | -27.8% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Mexico in 2022:
- United States (23.1K cubic meters)
- Peru (15.2K cubic meters)
- Guatemala (7.2K cubic meters)
- Nicaragua (0.7K cubic meters)
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