Track the latest insights on hydrogen price trends and forecast with detailed analysis of regional fluctuations and market dynamics across Europe, North America, Middle East & Africa, Asia Pacific, and Latin America.
Product
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Category | Region | Price |
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Hydrogen | Bulk Chemical and Fertilizer | USA | 4327 USD/MT |
During the last quarter of 2024, the hydrogen prices in the USA reached 4327 USD/MT in December. As per the hydrogen price chart, prices surged in late 2024 as rising natural gas costs, driven by heightened heating demand and limited supply, increased production expenses. Moreover, geopolitical factors, including restricted Russian gas exports, amplified energy market pressures. Despite stable output levels, transportation bottlenecks and pipeline maintenance further elevated costs.
Product
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Category | Region | Price |
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Hydrogen | Chemical | USA | 4825 USD/MT |
Hydrogen | Chemical | Netherland | 7215 USD/MT |
The hydrogen prices in the United States for Q4 2023 reached 4825 USD/MT in December. The market experienced bullish price trends primarily due to elevated energy costs. The Department of Energy's initiative to create a clean-hydrogen economy by funding several hydrogen hubs also impacted the market. However, this approach faced criticism for potentially relying on methane-derived hydrogen with carbon capture technologies.
The price trend for hydrogen in the Netherlands for Q4 2023, reached 7215 USD/MT in December. The Netherlands saw positive trends in the hydrogen market during the last quarter of 2023, supported by increased investments and international collaborations aimed at enhancing hydrogen infrastructure. Initiatives for small-scale electrolysis projects, such as the subsidy schemes aimed at sustainable hydrogen production, boosted market optimism.
The report provides a detailed analysis of the hydrogen market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the hydrogen price trend.
The report offers a holistic view of the global hydrogen pricing trends in the form of hydrogen price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into hydrogen historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into hydrogen price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed hydrogen demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Q4 2024:
Hydrogen prices in Europe showed erratic patterns driven by regional variations in demand and worldwide supply dynamics. October prices in Germany stayed unchanged due to continuous demand from high-tech industries, as well as consistent imports. Hydrogen consumption was still driven by Germany's advanced electronics manufacturing sector, however, restrained construction activity hampered the expansion of the industry. Moreover, the hydrogen price chart in November saw a modest increase as the market was affected by rising seasonal demand and worldwide supply constraints. Prolonged procurement activity and strong demand from the semiconductor and medical sectors, driven by AI-chip manufacture and pre-holiday logistics also impacted the prices.
The European hydrogen market in Q4 2023 was marked by several significant factors affecting market dynamics. Increasing prices for natural gas resulted in higher production costs, resulting in premium hydrogen prices. The slow pace in developing a comprehensive regulatory framework and the rising costs contributed to negative market sentiments. Despite these challenges and the steady international demand, there was an anticipation of a potential decline in prices due to these ongoing issues.
This analysis can be extended to include detailed hydrogen price information for a comprehensive list of countries.
Region | Countries Covered |
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Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
Q4 2024:
As natural gas is a vital feedstock for the manufacturing of hydrogen, its price increased in the United States in late 2024. Strong heating demand in the commercial and residential sectors during the winter months, limited supply, and rising LNG exports were the main causes of the increase. Pipeline repair and logistical delays are examples of supply-side disruptions that escalated cost pressures. The need for American energy resources also escalated as a result of rising geopolitical threats, especially the effect of decreased Russian gas shipments. Elevating input costs were the primary cause of market volatility despite stable production levels.
In the final quarter of 2023, the North American hydrogen market faced challenges that influenced pricing and market trends. Heightened production costs driven by increased prices for natural gas were a primary factor, elevating hydrogen production expenses. This, combined with relatively scarce market inventories, led to elevated prices. Although demand from global markets remained consistent, the slow progress in regulatory developments and climbing costs fostered a pessimistic outlook. Nonetheless, there is an expectation of declining hydrogen prices moving forward, without any significant plant shutdowns noted during this period.
Specific hydrogen historical data within the United States and Canada can also be provided.
Region | Countries Covered |
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North America | United States and Canada |
Q4 2024:
The report explores the hydrogen pricing trends and hydrogen price index in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
The report explores the hydrogen pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on hydrogen prices for countries can also be provided.
Region | Countries Covered |
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Middle East and Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Q4 2024:
India's hydrogen market held steady due to strong uniform consumption and domestic production, especially from the fertilizer industry due to seasonal agricultural demands. Despite a minor slowdown in industrial growth in November, production held up well due to high employment rates. With increased urea demand, constant phosphate prices, and stable potash costs, the fertilizer industry showed mixed tendencies. However, supply chain issues, like as limitations on Di-Ammonium Phosphate (DAP) exports from China, resulted in a greater need for alternate fertilizers. Although global supply threats and inflationary pressures continue to be worries, market stability is predicted to be driven by anticipated manufacturing expansion and sustainable agricultural demand in the future.
The market in Asia Pacific showed a complicated pricing structure in the last quarter of 2023, which was influenced by the variety of hydrogen types—grey, blue, and green—each with unique pricing dynamics. Grey hydrogen is usually made from fossil fuels, and its price is based on the price of natural gas in the area. Prices for carbon-captured blue hydrogen took into account the expenses related to carbon capture and storage technology as well as the production costs of grey hydrogen. Green hydrogen, meanwhile, was still in its infancy, with infrastructure and renewable energy costs dictating pricing. Government measures such as carbon pricing and subsidies have had an impact on market dynamics, with significant regional differences in prices observed in China, Australia, South Korea, Japan, and South Korea.
This hydrogen price analysis can be expanded to include a comprehensive list of countries within the region.
Region | Countries Covered |
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Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Q4 2024:
Latin America's hydrogen market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in hydrogen prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, the hydrogen price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing hydrogen pricing trends in this region.
The analysis of hydrogen prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region | Countries Covered |
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Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
IMARC’s newly published report, titled “Hydrogen Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of hydrogen pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of hydrogen at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of hydrogen price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing hydrogen price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
The global hydrogen industry size reached US$ 182.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 286.9 Billion, at a projected CAGR of 5.10% during 2023-2032.
The report covers the latest developments, updates, and trends impacting the global hydrogen industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in hydrogen production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hydrogen price trend.
Latest developments in the hydrogen industry:
Hydrogen (H2) refers to the simplest, lightest, and most abundant chemical element found in the universe. It is colorless, tasteless, and odorless and exists in gaseous form at standard temperature and pressure conditions. It is also highly reactive and easily forms compounds with numerous elements on the periodic table.
Hydrogen is commercially produced through the steam methane reforming (SMR) process, which involves a reaction between steam and natural gas at high temperatures. Beyond this, it can also be synthesized through electrolysis, coal gasification, partial oxidation, and biomass gasification processes.
It is used in a number of applications, such as fuel cells, energy storage, power generation, chemical synthesis, transportation, heating, pharmaceuticals, and space exploration. Hydrogen is a clean, versatile, and energy-dense product that facilitates economic growth and reduces dependence on fossil fuels.
Key Attributes | Details |
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Product Name | Hydrogen |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Hydrogen Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
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Customization Scope | The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders: