Price for Hydrogen, Rare Gases and Other Non-Metals in Latvia - 2023
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Latvia (CIF) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Latvia (FOB) - 2023
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Latvia
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Latvia
Price for Hydrogen, Rare Gases and Other Non-Metals in Latvia (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $0.3 per cubic meter in 2022, falling by -3.9% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 58% against the previous year. As a result, import price reached the peak level of $0.6 per cubic meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($1.9 per cubic meter), while the price for Estonia ($0.1 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hydrogen, Rare Gases and Other Non-Metals in Latvia (FOB) - 2023
The average export price for hydrogen, rare gases and other non-metalses stood at $541 per thousand cubic meters in November 2023, declining by -39.9% against the previous month. In general, the export price, however, posted tangible growth. The pace of growth appeared the most rapid in October 2023 an increase of 74% month-to-month. As a result, the export price reached the peak level of $0.9 per cubic meter, and then contracted remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Lithuania ($751 per thousand cubic meters), while the average price for exports to Estonia ($402 per thousand cubic meters) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hydrogen, Rare Gases and Other Non-Metals in Latvia
In 2022, approx. 22M cubic meters of hydrogen, rare gases and other non-metalses were imported into Latvia; picking up by 12% against 2021. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of hydrogen, rare gases and other non-metalses expanded notably to $6.6M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,093 | 1,113 | 1,297 | 1,458 | 10.1% |
| Estonia | 1,283 | 1,074 | 843 | 1,400 | 3.0% |
| Lithuania | 555 | 425 | 1,403 | 1,084 | 25.0% |
| Finland | 1,328 | 1,231 | 1,155 | 1,064 | -7.1% |
| Russia | 0.4 | 24.0 | 122 | 481 | 963.4% |
| Others | 591 | 753 | 1,370 | 1,156 | 25.1% |
| Total | 4,850 | 4,620 | 6,189 | 6,643 | 11.1% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Latvia in 2022:
- Estonia (15.5M cubic meters)
- Lithuania (3.3M cubic meters)
- Finland (2.0M cubic meters)
- Poland (0.8M cubic meters)
- Russia (0.6M cubic meters)
Exports of Hydrogen, Rare Gases and Other Non-Metals in Latvia
In 2022, the amount of hydrogen, rare gases and other non-metalses exported from Latvia dropped to 22M cubic meters, reducing by -11.5% compared with 2021 figures. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of 25M cubic meters, and then fell in the following year.
In value terms, exports of hydrogen, rare gases and other non-metalses declined to $5.3M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 24%. As a result, the exports reached the peak of $5.8M, and then reduced in the following year.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.0 | 2.1 | 2.9 | 2.6 | 9.1% |
| Lithuania | 2.4 | 2.2 | 2.4 | 2.2 | -2.9% |
| Others | 0.4 | 0.4 | 0.6 | 0.5 | 7.7% |
| Total | 4.8 | 4.7 | 5.8 | 5.3 | 3.4% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Latvia in 2022:
- Estonia (12.1M cubic meters)
- Lithuania (9.6M cubic meters)
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