Report Update Apr 1, 2024

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

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Mexico: Hydrogen Market 2024

Hydrogen Market Size in Mexico

After two years of decline, the Mexican hydrogen market decreased by X% to $X in 2022. In general, consumption showed strong growth. Hydrogen consumption peaked at $X in 2021, and then declined in the following year.

Hydrogen Exports

Exports from Mexico

For the third year in a row, Mexico recorded growth in overseas shipments of hydrogen, which increased by X% to X cubic meters in 2014. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2014 and are expected to retain growth in the near future.

In value terms, hydrogen exports surged to $X in 2014. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2014 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X cubic meters) was the main destination for hydrogen exports from Mexico, accounting for a X% share of total exports. Moreover, hydrogen exports to the United States exceeded the volume sent to the second major destination, Costa Rica (X cubic meters), sevenfold. Peru (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2014, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

In value terms, the United States ($X) remains the key foreign market for hydrogen exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with an X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2014, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Peru (X% per year).

Export Prices by Country

In 2014, the average hydrogen export price amounted to $X per cubic meter, increasing by X% against the previous year. Over the period from 2012 to 2014, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2014, amid the top suppliers, the highest price was recorded for prices to the United States ($X per cubic meter) and Peru ($X per cubic meter), while the average price for exports to Honduras ($X per cubic meter) and Costa Rica ($X per cubic meter) were amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Imports

Imports into Mexico

In 2022, hydrogen imports into Mexico skyrocketed to X cubic meters, with an increase of X% on the year before. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hydrogen imports reduced to $X in 2022. Over the period under review, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the United States (X cubic meters) was the main supplier of hydrogen to Mexico, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of hydrogen to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

In 2022, the average hydrogen import price amounted to less than $X per cubic meter, waning by X% against the previous year. Over the period under review, the import price recorded a dramatic downturn. The pace of growth appeared the most rapid in 2013 an increase of less than X% against the previous year. As a result, import price reached the peak level of $X per cubic meter. From 2014 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

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

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, with a combined 59% share of global consumption. The Netherlands, Japan, Germany, Canada, France, Australia and Spain lagged somewhat behind, together accounting for 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 accounting for 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 Mexico?

In value terms, the United States constituted the largest supplier of hydrogen to Mexico.

What are the leading importers of hydrogen from Mexico?

In value terms, the United States remains the key foreign market for hydrogen exports from Mexico, comprising 78% of total exports. The second position in the ranking was taken by Costa Rica, with an 11% share of total exports. It was followed by Peru, with a 7.4% share.

What is the average export price for hydrogen in Mexico?

In 2014, the average hydrogen export price amounted to $0.7 per cubic meter, rising by 33% against the previous year.

What is the average import price for hydrogen in Mexico?

In 2022, the average hydrogen import price amounted to less than $0.1 per cubic meter, reducing by -40.6% against the previous year.

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

Mexico

Data coverage:

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