Price for Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan - 2023

Contents:

  1. Price for Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan (CIF) - 2022
  2. Price for Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan (FOB) - 2022
  3. Imports of Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan
  4. Exports of Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan

Price for Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan (CIF) - 2022

In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $2 per cubic meter, increasing by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2018 an increase of 30% against the previous year. The import price peaked at $5.6 per cubic meter in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 United Arab Emirates ($13 per cubic meter), while the price for Russia ($0.7 per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan (FOB) - 2022

The average export price for hydrogen, rare gases and other non-metalses stood at $86 per cubic meter in 2022, jumping by 35,836% against the previous year. Over the period under review, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($107 per cubic meter), while the average price for exports to Denmark amounted to $74 per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-14.9%).

Imports of Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan

In 2022, imports of hydrogen, rare gases and other non-metalses into Azerbaijan surged to 3.2M cubic meters, growing by 80% against the previous year. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of hydrogen, rare gases and other non-metalses skyrocketed to $6.5M in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1,0551,0461,1721,86520.9%
United Kingdom51.399.829.21,263190.9%
China49.32324381,251193.9%
Others9829771,3582,10729.0%
Total2,1372,3552,9976,48544.8%

Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Azerbaijan in 2022:

  1. Russia (2675.1K cubic meters)
  2. China (312.2K cubic meters)
  3. United Kingdom (138.1K cubic meters)

Exports of Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan

In 2022, after three years of growth, there was significant decline in shipments abroad of hydrogen, rare gases and other non-metalses, when their volume decreased by 99.9% to 8 cubic meters. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 4,058% against the previous year. The exports peaked at 924K cubic meters in 2021, and then fell notably in the following year.

In value terms, exports of hydrogen, rare gases and other non-metalses declined significantly to $689 in 2022. In general, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 108%. The exports peaked at $222K in 2021, and then shrank markedly in the following year.

Export of Hydrogen, Rare Gases and Other Non-Metals in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
DenmarkN/AN/AN/A0.40%
United StatesN/AN/AN/A0.30%
RussiaN/AN/A26.8N/A0%
Georgia5.4124161N/A446.0%
Others54.3N/A33.4N/A-21.6%
Total59.61242220.7-77.3%

Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Azerbaijan in 2022:

  1. Denmark (5.0 cubic meters)
  2. United States (3.0 cubic meters)

Source: IndexBox Market Intelligence Platform

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