Report EU - Hydrogen - Market Analysis, Forecast, Size, Trends and Insights for 499$
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EU - Hydrogen - Market Analysis, Forecast, Size, Trends and Insights

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EU: Hydrogen Market 2022

Hydrogen Market Size in the EU

In 2021, the EU hydrogen market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Production in the EU

In value terms, hydrogen production reached $X in 2021 estimated in export price. In general, production, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by 5.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hydrogen Exports

Exports in the EU

Hydrogen exports surged to X cubic meters in 2021, picking up by 91% on the previous year's figure. In general, exports, however, showed a perceptible shrinkage. The volume of export peaked at X cubic meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hydrogen exports soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium was the largest exporting country with an export of about X cubic meters, which accounted for 60% of total exports. It was distantly followed by the Netherlands (X cubic meters), committing a 27% share of total exports. The following exporters - Germany (X cubic meters) and Sweden (X cubic meters) - each resulted at a 7.3% share of total exports.

Belgium was also the fastest-growing in terms of the hydrogen exports, with a CAGR of +27.8% from 2012 to 2021. Germany (-1.9%), Sweden (-3.3%) and the Netherlands (-12.9%) illustrated a downward trend over the same period. Belgium (+54 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -49.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together accounting for 92% of total exports.

Among the main exporting countries, Belgium, with a CAGR of +20.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per cubic meter, growing by 19% against the previous year. Export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hydrogen export price increased by +112.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 79%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per cubic meter), while Sweden (less than $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 the Netherlands (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Hydrogen Imports

Imports in the EU

In 2021, overseas purchases of hydrogen increased by 144% to X cubic meters for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced shrinkage. Over the period under review, imports reached the peak figure at X cubic meters in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, hydrogen imports soared to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands prevails in imports structure, amounting to X cubic meters, which was approx. 72% of total imports in 2021. France (X cubic meters) ranks second in terms of the total imports with a 4.9% share, followed by Austria (4.8%). The following importers - Germany (X cubic meters), Belgium (X cubic meters) and Denmark (X cubic meters) - together made up 10% of total imports.

From 2012 to 2021, average annual rates of growth with regard to hydrogen imports into the Netherlands stood at +13.3%. At the same time, Denmark (+16.1%) and Austria (+1.9%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the European Union, with a CAGR of +16.1% from 2012-2021. By contrast, Germany (-6.8%), France (-16.1%) and Belgium (-25.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands and Denmark increased by +52 and +2.4 percentage points, respectively. Germany (-2.1 p.p.), France (-14.8 p.p.) and Belgium (-39.5 p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported hydrogen in the European Union, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.6% share of total imports. It was followed by France, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +16.3%. In the other countries, the average annual rates were as follows: Germany (-4.0% per year) and France (-17.6% per year).

Import Prices by Country

The import price in the European Union stood at $X per cubic meter in 2021, dropping by -5.3% against the previous year. In general, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 37% against the previous year. Over the period under review, import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per cubic meter), while Denmark ($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 Germany (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for hydrogen in the the EU?
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The countries with the highest volumes of consumption in 2021 were the Netherlands, Germany and Spain, together comprising 73% of total consumption. These countries were followed by France, Finland, Italy and Belgium, which together accounted for a further 20%.
What are the largest producers of hydrogen in the the EU?
+
The countries with the highest volumes of production in 2021 were the Netherlands, Germany and Spain, with a combined 71% share of total production. France, Belgium, Finland and Italy lagged somewhat behind, together accounting for a further 22%.
What are the leading suppliers of hydrogen in the the EU?
+
In value terms, Belgium, the Netherlands and Germany appeared to be the countries with the highest levels of exports in 2021, with a combined 92% share of total exports.
What are the leading importers of hydrogen in the the EU?
+
In value terms, the Netherlands constitutes the largest market for imported hydrogen in the European Union, comprising 67% of total imports. The second position in the ranking was taken by Germany, with a 7.6% share of total imports. It was followed by France, with a 5.2% share.
What is the average export price for hydrogen in the the EU?
+
The export price in the European Union stood at $0.4 per cubic meter in 2021, increasing by 19% against the previous year.
What is the average import price for hydrogen in the the EU?
+
The import price in the European Union stood at $0.3 per cubic meter in 2021, reducing by -5.3% against the previous year.

This report provides an in-depth analysis of the hydrogen market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 20111150 - Hydrogen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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