Price for Hydrogen, Rare Gases and Other Non-Metals in Thailand - 2024
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Thailand (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Thailand (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Thailand
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Thailand
Price for Hydrogen, Rare Gases and Other Non-Metals in Thailand (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $2.8 per cubic meter in 2022, surging by 10% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hydrogen, rare gases and other non-metalses increased by +69.8% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lao People's Democratic Republic ($6.9 per cubic meter), while the price for Vietnam ($0.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hydrogen, Rare Gases and Other Non-Metals in Thailand (FOB) - 2022
In 2022, the average export price for hydrogen, rare gases and other non-metalses amounted to $1.9 per cubic meter, with an increase of 31% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 119%. The export price peaked at $2.5 per cubic meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
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 the Netherlands ($4.3 per cubic meter), while the average price for exports to Myanmar ($0.4 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 Canada (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of hydrogen, rare gases and other non-metalses, which increased by 6.7% to 141M cubic meters in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.3% 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 +45.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of hydrogen, rare gases and other non-metalses surged to $387M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 99% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 93.5 | 103 | 267 | 182 | 24.9% |
| Australia | 28.0 | 23.4 | 23.2 | 82.5 | 43.4% |
| Brazil | 16.0 | 17.5 | 8.5 | 61.2 | 56.4% |
| Lao People's Democratic Republic | 0.5 | 0.2 | 4.8 | 30.1 | 291.9% |
| Malaysia | 4.7 | 6.0 | 8.7 | 8.2 | 20.4% |
| Singapore | 2.9 | 1.0 | 0.4 | 4.0 | 11.3% |
| Vietnam | 0.8 | 1.4 | 2.7 | 3.0 | 55.4% |
| Others | 10.5 | 13.5 | 13.8 | 15.8 | 14.6% |
| Total | 157 | 165 | 329 | 387 | 35.1% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Thailand in 2022:
- China (41.3M cubic meters)
- Australia (35.2M cubic meters)
- Brazil (23.1M cubic meters)
- Vietnam (16.2M cubic meters)
- Malaysia (15.9M cubic meters)
- Lao People's Democratic Republic (4.4M cubic meters)
- Singapore (2.7M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Thailand
In 2022, approx. 21M cubic meters of hydrogen, rare gases and other non-metalses were exported from Thailand; which is down by -22.9% compared with the previous year. Over the period under review, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 85%. As a result, the exports attained the peak of 27M cubic meters, and then fell rapidly in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses reached $38M in 2022. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 305%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.6 | 3.7 | 21.0 | 26.0 | 30.9% |
| China | N/A | N/A | 6.0 | 2.9 | -51.7% |
| Netherlands | N/A | N/A | 1.9 | 2.0 | 5.3% |
| Cambodia | 1.4 | 1.4 | 1.6 | 1.8 | 8.7% |
| Lao People's Democratic Republic | 1.5 | 1.4 | 1.9 | 1.5 | 0.0% |
| Myanmar | 0.2 | 0.9 | 2.1 | 1.2 | 81.7% |
| Japan | 5.5 | 1.2 | 0.2 | 0.9 | -45.3% |
| Canada | 7.7 | N/A | 0.4 | N/A | -77.2% |
| Others | 0.8 | 0.8 | 2.8 | 2.0 | 35.7% |
| Total | 28.6 | 9.4 | 37.9 | 38.3 | 10.2% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Thailand in 2022:
- United States (8.1M cubic meters)
- Cambodia (4.1M cubic meters)
- Lao People's Democratic Republic (3.3M cubic meters)
- Myanmar (2.8M cubic meters)
- China (0.8M cubic meters)
- Netherlands (0.5M cubic meters)
- Japan (0.5M cubic meters)
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