Price for Hydrogen, Rare Gases and Other Non-Metals in Malaysia - 2024
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Malaysia (FOB) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Malaysia (CIF) - 2022
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Malaysia
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Malaysia
Price for Hydrogen, Rare Gases and Other Non-Metals in Malaysia (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $6.3 per cubic meter in 2022, surging by 6.8% against the previous year. In general, the export price enjoyed a pronounced increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 94% against the previous year. The export price peaked at $11 per cubic meter in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($30 per cubic meter), while the average price for exports to Brunei Darussalam ($0.1 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-10.0%), while the prices for the other major destinations experienced a decline.
Price for Hydrogen, Rare Gases and Other Non-Metals in Malaysia (CIF) - 2022
In 2022, the average import price for hydrogen, rare gases and other non-metalses amounted to $3.5 per cubic meter, jumping by 18% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. The import price peaked at $7.6 per cubic meter in 2012; however, from 2013 to 2022, import prices remained at a 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 Taiwan (Chinese) ($14 per cubic meter), while the price for the UK ($0.2 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hydrogen, Rare Gases and Other Non-Metals in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of hydrogen, rare gases and other non-metalses, which increased by 15% to 156M cubic meters in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 80% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of hydrogen, rare gases and other non-metalses soared to $989M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 179% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 178 | 205 | 595 | 700 | 57.8% |
| Netherlands | 1.1 | 18.7 | 43.4 | 46.9 | 249.3% |
| India | 0.2 | 7.9 | 21.4 | 39.9 | 484.3% |
| Vietnam | 0.7 | 0.6 | 7.9 | 22.1 | 216.1% |
| Singapore | 9.1 | 10.0 | 16.0 | 18.8 | 27.4% |
| Poland | 1.7 | 12.5 | 10.0 | 8.8 | 73.0% |
| Thailand | 4.1 | 4.8 | 7.0 | 8.0 | 25.0% |
| Indonesia | 0.9 | 1.3 | 4.4 | 3.0 | 49.4% |
| Brunei Darussalam | 2.2 | 1.3 | 2.0 | 2.4 | 2.9% |
| United States | 8.1 | 13.8 | 22.8 | 0.1 | -76.9% |
| Others | 11.8 | 13.3 | 76.5 | 140 | 128.1% |
| Total | 218 | 289 | 806 | 989 | 65.5% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Malaysia in 2022:
- Singapore (32.4M cubic meters)
- Brunei Darussalam (25.7M cubic meters)
- China (23.5M cubic meters)
- Netherlands (13.6M cubic meters)
- Thailand (13.4M cubic meters)
- Vietnam (13.2M cubic meters)
- India (11.7M cubic meters)
- Indonesia (3.1M cubic meters)
- Poland (2.5M cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in Malaysia
In 2022, supplies from abroad of hydrogen, rare gases and other non-metalses decreased by -4.3% to 98M cubic meters for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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 +54.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of 102M cubic meters, and then shrank in the following year.
In value terms, imports of hydrogen, rare gases and other non-metalses expanded markedly to $347M in 2022. The total import value increased at an average annual rate of +9.4% 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 32% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.5 | 90.0 | 155 | 132 | 15.6% |
| France | 3.3 | 3.3 | N/A | 42.7 | 134.8% |
| United States | 29.7 | 28.1 | 49.9 | 35.8 | 6.4% |
| Japan | 33.9 | 19.8 | 18.0 | 14.2 | -25.2% |
| South Korea | 5.2 | 9.9 | 10.9 | 11.6 | 30.7% |
| Singapore | 7.2 | 6.9 | 11.3 | 10.8 | 14.5% |
| Hong Kong SAR | 4.6 | 1.5 | 0.9 | 6.5 | 12.2% |
| United Kingdom | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
| Others | 94.9 | 74.3 | 62.2 | 92.3 | -0.9% |
| Total | 265 | 234 | 308 | 347 | 9.4% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Malaysia in 2022:
- China (50.4M cubic meters)
- Singapore (15.4M cubic meters)
- South Korea (7.7M cubic meters)
- United States (6.9M cubic meters)
- Hong Kong SAR (5.7M cubic meters)
- France (4.8M cubic meters)
- United Kingdom (1.6M cubic meters)
- Japan (1.2M cubic meters)
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