Price for Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia - 2022

Contents:

1. Price for Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia (CIF) - 2022
2. Price for Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia (FOB) - 2022
3. Imports of Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia
4. Exports of Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia

Price for Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia (CIF) - 2022

The average import price for hydrogen, rare gases and other non-metalses stood at $0.4 per cubic meter in 2022, waning by -26.8% against the previous year. Over the period under review, the import price, however, enjoyed slight growth. The pace of growth was the most pronounced in 2015 an increase of 61% against the previous year. Over the period under review, average import prices reached the maximum at $0.8 per cubic meter in 2016; however, from 2017 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 Kuwait.

From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +1.0% per year.

Price for Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia (FOB) - 2022

In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $0.4 per cubic meter, dropping by -21.1% against the previous year. Overall, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 720%. The export price peaked at $2.5 per cubic meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($1.7 per cubic meter), while the average price for exports to Jordan ($0.2 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 Qatar (+65.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia

In 2022, supplies from abroad of hydrogen, rare gases and other non-metalses was finally on the rise to reach 36M cubic meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a mild contraction. Imports peaked at 38M 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 soared to $15M in 2022. In general, imports, however, showed a abrupt downturn. Imports peaked at $17M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Saudi Arabia in 2022:

1. Kuwait (35.6M cubic meters)

Exports of Hydrogen, Rare Gases and Other Non-Metals in Saudi Arabia

In 2022, shipments abroad of hydrogen, rare gases and other non-metalses was finally on the rise to reach 15M cubic meters after two years of decline. In general, exports, however, showed a abrupt slump. Over the period under review, the exports of attained the peak figure at 22M 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 fell to $5.9M in 2022. Overall, exports, however, saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 35%. The exports peaked at $6.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Saudi Arabia in 2022:

1. United Arab Emirates (8.5M cubic meters)
2. Jordan (3.9M cubic meters)
3. Bahrain (1.8M cubic meters)
4. Kuwait (0.7M cubic meters)

Source: IndexBox Market Intelligence Platform