Benelux: Hydrogen Market 2024

Hydrogen Market Size in Benelux

In 2022, the Benelux hydrogen market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, posted a remarkable increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Hydrogen Production in Benelux

In value terms, hydrogen production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Hydrogen Exports

Exports in Benelux

In 2022, the amount of hydrogen exported in Benelux surged to X cubic meters, jumping by X% against the year before. Over the period under review, exports posted tangible growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hydrogen exports surged to $X in 2022. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Belgium was the main exporting country with an export of around X cubic meters, which reached X% of total exports. It was distantly followed by the Netherlands (X cubic meters), creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of X%).

In value terms, Belgium ($X) remains the largest hydrogen supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to X%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per cubic meter, with an increase of X% against the previous year. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per cubic meter), while the Netherlands stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Hydrogen Imports

Imports in Benelux

In 2022, the amount of hydrogen imported in Benelux skyrocketed to X cubic meters, rising by X% against 2021. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, hydrogen imports soared to $X in 2022. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands prevails in imports structure, finishing at X cubic meters, which was approx. X% of total imports in 2022. It was distantly followed by Belgium (X cubic meters), creating a X% share of total imports. Luxembourg (X cubic meters) took a relatively small share of total imports.

The Netherlands was also the fastest-growing in terms of the hydrogen imports, with a CAGR of X% from 2012 to 2022. At the same time, Luxembourg (X%) displayed positive paces of growth. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Luxembourg (X p.p.) and Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported hydrogen in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per cubic meter, dropping by X% against the previous year. Over the period under review, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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