Ukraine: Hydrogen Market 2022

Hydrogen Market Size in Ukraine

After two years of decline, the Ukrainian hydrogen market increased by X% to $X in 2021. Over the period under review, consumption, however, showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hydrogen Production in Ukraine

In value terms, hydrogen production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hydrogen Exports

Exports from Ukraine

In 2021, approx. X cubic meters of hydrogen were exported from Ukraine; declining by -X% on the previous year. Over the period under review, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, hydrogen exports shrank remarkably to $X in 2021. In general, exports saw a abrupt setback. The smallest decline of -X% was in 2017. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Moldova (X cubic meters) was the main destination for hydrogen exports from Ukraine, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova stood at +X%.

Export Prices by Country

The average hydrogen export price stood at $X per cubic meter in 2021, with an increase of X% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2021, 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 Moldova.

From 2012 to 2021, the rate of growth in terms of prices for Moldova amounted to -X% per year.

Hydrogen Imports

Imports into Ukraine

In 2021, purchases abroad of hydrogen increased by X% to X cubic meters, rising for the fifth consecutive year after four years of decline. Overall, imports showed mild growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, hydrogen imports soared to $X in 2021. In general, imports showed a pronounced increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Hungary (X cubic meters) was the main hydrogen supplier to Ukraine, accounting for a X% share of total imports. Moreover, hydrogen imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary totaled +X%.

In value terms, Hungary ($X) constituted the largest supplier of hydrogen to Ukraine, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary totaled +X%.

Import Prices by Country

The average hydrogen import price stood at $X per cubic meter in 2021, rising by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Poland ($X per cubic meter), while the price for Hungary amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+X%).

Source: IndexBox Platform