Price for Hydrogen, Rare Gases and Other Non-Metals in Venezuela - 2022
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Venezuela (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Venezuela (FOB) - 2022
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Venezuela
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Venezuela
Price for Hydrogen, Rare Gases and Other Non-Metals in Venezuela (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $2.4 per cubic meter, growing by 11% against the previous year. Overall, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 94% against the previous year. The import price peaked at $7.2 per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 the United States ($4.6 per cubic meter), while the price for Colombia ($0.5 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hydrogen, Rare Gases and Other Non-Metals in Venezuela (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $1.1 per cubic meter in 2022, picking up by 5.8% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 136%. The export price peaked at $1.2 per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +63.4% per year.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Venezuela
After three years of growth, supplies from abroad of hydrogen, rare gases and other non-metalses decreased by -10.5% to 309K cubic meters in 2022. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 71%. As a result, imports attained the peak of 345K cubic meters, and then declined in the following year.
In value terms, imports of hydrogen, rare gases and other non-metalses dropped slightly to $737K in 2022. Overall, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 1.9% against the previous year. Over the period under review, imports of hit record highs at $822K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 457 | 390 | N/A | 207 | -23.2% |
| United States | 304 | 250 | 472 | 112 | -28.3% |
| Colombia | 43.7 | 83.1 | 185 | 101 | 32.2% |
| China | 9.1 | 7.2 | 84.5 | 68.8 | 96.3% |
| Others | 8.1 | N/A | 3.0 | 249 | 213.3% |
| Total | 822 | 730 | 744 | 737 | -3.6% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Venezuela in 2022:
- Colombia (216.7K cubic meters)
- Vietnam (47.7K cubic meters)
- United States (24.4K cubic meters)
- China (15.8K cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Venezuela
In 2022, approx. 83K cubic meters of hydrogen, rare gases and other non-metalses were exported from Venezuela; which is down by -15% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of 97K cubic meters, and then fell in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses declined to $91K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 34% against the previous year. The exports peaked at $101K in 2021, and then dropped in the following year.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 7.3 | N/A | N/A | 90.7 | 131.6% |
| Portugal | N/A | 39.4 | N/A | N/A | 0% |
| Brazil | 53.0 | N/A | 101 | N/A | 38.0% |
| Others | N/A | 41.2 | N/A | N/A | 0% |
| Total | 60.2 | 80.5 | 101 | 90.7 | 14.6% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Venezuela in 2022:
- Colombia (82.6K cubic meters)
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