South Africa: Hydrogen Market 2024

Hydrogen Market Size in South Africa

The South African hydrogen market shrank dramatically to $X in 2022, waning by X% against the previous year. In general, consumption saw a deep reduction. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Production in South Africa

In value terms, hydrogen production declined remarkably to $X in 2022 estimated in export price. Overall, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Hydrogen production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Hydrogen Exports

Exports from South Africa

In 2022, after three years of decline, there was significant growth in overseas shipments of hydrogen, when their volume increased by X% to X cubic meters. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X cubic meters. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, hydrogen exports surged to $X in 2022. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X cubic meters) was the main destination for hydrogen exports from South Africa, with a X% share of total exports. Moreover, hydrogen exports to Burkina Faso exceeded the volume sent to the second major destination, Mozambique (X cubic meters), twofold. The third position in this ranking was held by Namibia (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Burkina Faso stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Namibia (X% per year).

In value terms, Burkina Faso ($X) emerged as the key foreign market for hydrogen exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Burkina Faso amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2022, the average hydrogen export price amounted to $X per cubic meter, picking up by X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price 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, hydrogen export price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Tanzania ($X per cubic meter) and Namibia ($X per cubic meter), while the average price for exports to Botswana ($X per cubic meter) and Mozambique ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Imports

Imports into South Africa

In 2022, purchases abroad of hydrogen decreased by X% to X cubic meters, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X cubic meters in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, hydrogen imports surged to $X in 2022. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X cubic meters) constituted the largest supplier of hydrogen to South Africa, accounting for a X% share of total imports. Moreover, hydrogen imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X cubic meters), threefold. The third position in this ranking was held by Germany (X cubic meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the UK ($X) constituted the largest supplier of hydrogen to South Africa, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average hydrogen import price amounted to $X per cubic meter, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per cubic meter in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per cubic meter) and the UK ($X per cubic meter), while the price for the United States ($X per cubic meter) and Italy ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, 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

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