Price for Hydrogen, Rare Gases and Other Non-Metals in Kuwait - 2022
Contents:
- Price for Hydrogen, Rare Gases and Other Non-Metals in Kuwait (FOB) - 2022
- Price for Hydrogen, Rare Gases and Other Non-Metals in Kuwait (CIF) - 2022
- Exports of Hydrogen, Rare Gases and Other Non-Metals in Kuwait
- Imports of Hydrogen, Rare Gases and Other Non-Metals in Kuwait
Price for Hydrogen, Rare Gases and Other Non-Metals in Kuwait (FOB) - 2022
The average export price for hydrogen, rare gases and other non-metalses stood at $0.2 per cubic meter in 2022, remaining constant against the previous year. In general, the export price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2021 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $0.2 per cubic meter in 2013; however, from 2014 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 the United Arab Emirates ($0.5 per cubic meter), while the average price for exports to Jordan ($0.1 per cubic meter) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Hydrogen, Rare Gases and Other Non-Metals in Kuwait (CIF) - 2022
The average import price for hydrogen, rare gases and other non-metalses stood at $10 per cubic meter in 2022, with an increase of 86% against the previous year. Overall, the import price recorded a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by 217%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Algeria ($71 per cubic meter), while the price for China ($1.7 per cubic meter) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hydrogen, Rare Gases and Other Non-Metals in Kuwait
In 2022, exports of hydrogen, rare gases and other non-metalses from Kuwait was estimated at 72M cubic meters, with an increase of 9% on the year before. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 527% against the previous year. As a result, the exports attained the peak of 107M cubic meters. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of hydrogen, rare gases and other non-metalses totaled $12M in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 463%. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Hydrogen, Rare Gases and Other Non-Metals in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 0.2 | 7.0 | 5.1 | 6.7 | 222.4% |
| United Arab Emirates | 1.5 | 4.1 | 4.3 | 2.8 | 23.1% |
| Jordan | 0.2 | 0.8 | 1.0 | 1.6 | 100.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.3 | 0% |
| Egypt | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 2.2 | 12.1 | 10.7 | 11.8 | 75.0% |
Top Export Markets for Hydrogen, Rare Gases and Other Non-Metals from Kuwait in 2022:
- Saudi Arabia (34.0M cubic meters)
- Jordan (28.0M cubic meters)
- United Arab Emirates (5.5M cubic meters)
- Taiwan (Chinese) (1.5M cubic meters)
- Egypt (1.1M cubic meters)
Imports of Hydrogen, Rare Gases and Other Non-Metals in Kuwait
In 2022, the amount of hydrogen, rare gases and other non-metalses imported into Kuwait contracted sharply to 405K cubic meters, shrinking by -37.5% on 2021 figures. Overall, imports faced a precipitous setback. The growth pace was the most rapid in 2021 when imports increased by 35%. Imports peaked at 2.2M cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of hydrogen, rare gases and other non-metalses soared to $4.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.5% 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 +71.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Hydrogen, Rare Gases and Other Non-Metals in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 749 | 697 | 768 | 2,611 | 51.6% |
| Algeria | 472 | 210 | 283 | 590 | 7.7% |
| Saudi Arabia | 612 | 211 | 875 | 356 | -16.5% |
| United Arab Emirates | 984 | 905 | 1,345 | 332 | -30.4% |
| China | 111 | 53.5 | 132 | 175 | 16.4% |
| United States | 74.4 | 129 | 18.0 | 58.2 | -7.9% |
| India | 53.1 | 9.3 | 145 | 31.4 | -16.1% |
| Others | 526 | 243 | 60.1 | 54.8 | -52.9% |
| Total | 3,581 | 2,458 | 3,626 | 4,208 | 5.5% |
Top Suppliers of Hydrogen, Rare Gases and Other Non-Metals to Kuwait in 2022:
- Qatar (170.4K cubic meters)
- China (103.1K cubic meters)
- Saudi Arabia (56.4K cubic meters)
- United Arab Emirates (42.8K cubic meters)
- United States (13.9K cubic meters)
- Algeria (8.3K cubic meters)
- India (6.9K cubic meters)
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