MERCOSUR: Hydrogen Market 2024

Hydrogen Market Size in MERCOSUR

The MERCOSUR hydrogen market totaled $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, continues to indicate strong growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Hydrogen Production in MERCOSUR

In value terms, hydrogen production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Hydrogen Exports

Exports in MERCOSUR

In 2022, overseas shipments of hydrogen increased by X% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay was the key exporter of hydrogen in MERCOSUR, with the volume of exports resulting at X cubic meters, which was near X% of total exports in 2022. It was distantly followed by Peru (X cubic meters), creating a X% share of total exports. Chile (X cubic meters) took a little share of total exports.

Paraguay experienced a relatively flat trend pattern with regard to volume of exports of hydrogen. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Paraguay and Peru increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Paraguay ($X) emerged as the largest hydrogen supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Paraguay, hydrogen exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per cubic meter, reducing by X% against the previous year. Overall, the export price showed a deep setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per cubic meter in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per cubic meter), while Peru ($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 Chile (X%).

Hydrogen Imports

Imports in MERCOSUR

Hydrogen imports skyrocketed to X cubic meters in 2022, rising by X% against the previous year. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, hydrogen imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Colombia (X cubic meters) represented the key importer of hydrogen, generating X% of total imports. Peru (X cubic meters) took the second position in the ranking, followed by Uruguay (X cubic meters), Chile (X cubic meters), Suriname (X cubic meters) and Venezuela (X cubic meters). All these countries together held approx. X% share of total imports.

Colombia was also the fastest-growing in terms of the hydrogen imports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%), Venezuela (X%) and Peru (X%) displayed positive paces of growth. By contrast, Chile (X%) and Suriname (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia, Uruguay, Suriname and Venezuela increased by X, X, X and X percentage points, respectively.

In value terms, Colombia ($X) constitutes the largest market for imported hydrogen in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per cubic meter in 2022, which is down by X% against the previous year. In general, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per cubic meter in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per cubic meter), while Suriname ($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 Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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