Price for Hydrogen, Rare Gases and Other Non-Metals in South Korea - 2022
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in South Korea (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in South Korea (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in South Korea
- Exports of Hydrogen, Rare Gases and Other Non-Metals in South Korea
Price for Hydrogen, Rare Gases and Other Non-Metals in South Korea (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $6.4 per cubic meter in 2022, declining by -24.7% against the previous year. In general, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2020 when the average import price increased by 83%. As a result, import price reached the peak level of $8.6 per cubic meter. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($89 per cubic meter), while the price for Brazil ($1.8 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydrogen, Rare Gases and Other Non-Metals in South Korea (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $20 per cubic meter in 2022, shrinking by -10.2% against the previous year. Over the period under review, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 33% against the previous year. The export price peaked at $24 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 Japan ($65 per cubic meter), while the average price for exports to Thailand ($4.4 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 Thailand (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydrogen, Rare Gases and Other Non-Metals in South Korea
In 2022, approx. 252M cubic meters of hydrogen, rare gases and other non-metalses were imported into South Korea; growing by 129% compared with the previous year. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $1.6B in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hydrogen, Rare Gases and Other Non-Metals in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 224 | 172 | 352 | 874 | 57.4% |
| United States | 212 | 207 | 215 | 207 | -0.8% |
| Vietnam | 28.1 | 31.7 | 41.8 | 98.2 | 51.8% |
| Brazil | 5.0 | 4.3 | 1.2 | 11.8 | 33.1% |
| Others | 174 | 257 | 328 | 423 | 34.5% |
| Total | 643 | 671 | 938 | 1,615 | 35.9% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to South Korea in 2022:
- China (209.4M cubic meters)
- Vietnam (27.7M cubic meters)
- Brazil (6.6M cubic meters)
- United States (2.8M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in South Korea
In 2022, overseas shipments of hydrogen, rare gases and other non-metalses were finally on the rise to reach 18M cubic meters after two years of decline. In general, exports, however, faced a precipitous decrease. Over the period under review, the exports of hit record highs at 36M 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 soared to $355M in 2022. Over the period under review, exports, however, showed a abrupt setback. The exports peaked at $557M 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 South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 482 | 144 | 139 | 212 | -24.0% |
| Japan | 15.1 | 2.7 | 15.0 | 34.3 | 31.5% |
| Singapore | 0.3 | 0.7 | 3.0 | 20.5 | 308.8% |
| Taiwan (Chinese) | 20.0 | 15.7 | 22.1 | 15.5 | -8.1% |
| Hong Kong SAR | 7.2 | 2.5 | 3.2 | 12.1 | 18.9% |
| Malaysia | 11.1 | 18.5 | 10.1 | 11.0 | -0.3% |
| Vietnam | 1.4 | 0.5 | 0.7 | 10.7 | 97.0% |
| Thailand | 1.9 | 1.9 | 2.9 | 3.8 | 26.0% |
| Others | 17.8 | 18.1 | 19.8 | 34.7 | 24.9% |
| Total | 557 | 204 | 216 | 355 | -13.9% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from South Korea in 2022:
- China (7.5M cubic meters)
- Singapore (2.8M cubic meters)
- Taiwan (Chinese) (2.3M cubic meters)
- Vietnam (1.5M cubic meters)
- Hong Kong SAR (1.0M cubic meters)
- Thailand (0.9M cubic meters)
- Japan (0.5M cubic meters)
- Malaysia (0.3M cubic meters)
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