Report Update Apr 1, 2024

Lithuania - Hydrogen - Market Analysis, Forecast, Size, Trends and Insights

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Lithuania: Hydrogen Market 2024

Hydrogen Market Size in Lithuania

The Lithuanian hydrogen market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Production in Lithuania

In value terms, hydrogen production declined modestly to $X in 2022 estimated in export price. Overall, production faced a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Hydrogen production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Hydrogen Exports

Exports from Lithuania

In 2022, shipments abroad of hydrogen was finally on the rise to reach X cubic meters for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X cubic meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hydrogen exports skyrocketed to $X in 2022. In general, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X cubic meters) was the main destination for hydrogen exports from Lithuania, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, Russia ($X) also remains the key foreign market for hydrogen exports from Lithuania.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%.

Export Prices by Country

In 2022, the average hydrogen export price amounted to $X per cubic meter, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Hydrogen Imports

Imports into Lithuania

In 2022, approx. X cubic meters of hydrogen were imported into Lithuania; dropping by X% on the previous year's figure. Overall, imports saw a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X cubic meters in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, hydrogen imports declined slightly to $X in 2022. In general, total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Latvia (X cubic meters) constituted the largest hydrogen supplier to Lithuania, accounting for a X% share of total imports. Moreover, hydrogen imports from Latvia exceeded the figures recorded by the second-largest supplier, Austria (X cubic meters), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and the Czech Republic (X% per year).

In value terms, Latvia ($X) constituted the largest supplier of hydrogen to Lithuania, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Latvia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Austria (X% per year).

Import Prices by Country

The average hydrogen import price stood at $X per cubic meter in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate a moderate expansion. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Czech Republic ($X per cubic meter), while the price for Austria ($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 Estonia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydrogen in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and Russia, together accounting for 59% of global consumption. The Netherlands, Japan, Germany, Canada, France, Australia and Spain lagged somewhat behind, together comprising a further 31%.

What are the largest producers of hydrogen in the world?

The countries with the highest volumes of production in 2022 were China, the United States and Russia, together comprising 58% of global production. Japan, the Netherlands, Germany, Canada, France, Australia and Spain lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of hydrogen to Lithuania?

In value terms, Latvia constituted the largest supplier of hydrogen to Lithuania, comprising 71% of total imports. The second position in the ranking was held by the Czech Republic, with an 18% share of total imports.

What are the leading importers of hydrogen from Lithuania?

In value terms, Russia remains the key foreign market for hydrogen exports from Lithuania.

What is the average export price for hydrogen in Lithuania?

In 2022, the average hydrogen export price amounted to $3.2 per cubic meter, surging by 40% against the previous year.

What is the average import price for hydrogen in Lithuania?

The average hydrogen import price stood at $4.5 per cubic meter in 2022, with an increase of 6.4% against the previous year.

This report provides an in-depth analysis of the hydrogen market in Lithuania. 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

Country coverage:

Lithuania

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Lithuania
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023