Croatia: Hydrogen Market 2022

Hydrogen Market Size in Croatia

The Croatian hydrogen market reduced slightly to $X in 2021, with a decrease of -X% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Hydrogen consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Hydrogen Production in Croatia

In value terms, hydrogen production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Hydrogen production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Hydrogen Exports

Exports from Croatia

In 2021, overseas shipments of hydrogen decreased by -X% to X cubic meters for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X cubic meters in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hydrogen exports stood at $X in 2021. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X cubic meters) was the main destination for hydrogen exports from Croatia, accounting for a X% share of total exports. Moreover, hydrogen exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X cubic meters), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for hydrogen exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled -X%.

Export Prices by Country

The average hydrogen export price stood at $X per cubic meter in 2021, surging by X% against the previous year. Overall, the export price enjoyed a pronounced increase. The export price peaked at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per cubic meter), while the average price for exports to Slovenia stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+X%).

Hydrogen Imports

Imports into Croatia

In 2021, purchases abroad of hydrogen decreased by -X% to X cubic meters, falling for the second consecutive year after three years of growth. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hydrogen imports reduced to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X cubic meters), Hungary (X cubic meters) and Italy (X cubic meters) were the main suppliers of hydrogen imports to Croatia, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Slovenia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hydrogen suppliers to Croatia were Slovenia ($X), Hungary ($X) and Italy ($X), with a combined X% share of total imports.

Slovenia, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average hydrogen import price amounted to $X per cubic meter, growing by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($X per cubic meter), while the price for Hungary ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform