Report Update Nov 1, 2024

Angola - Hydrogen - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Hydrogen Market 2024

Hydrogen Market Size in Angola

The Angolan hydrogen market reduced to $X in 2022, which is down by -5% against the previous year. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.7% against 2020 indices. Hydrogen consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Hydrogen Production in Angola

In value terms, hydrogen production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 55% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Hydrogen Exports

Exports from Angola

In 2019, the amount of hydrogen exported from Angola surged to X cubic meters, with an increase of 180% against 2018. Overall, exports, however, continue to indicate a sharp shrinkage. Over the period under review, the exports reached the peak figure at X cubic meters in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

In value terms, hydrogen exports contracted sharply to $X in 2019. In general, exports, however, continue to indicate a significant decrease. The smallest decline of -27.5% was in 2018. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

Exports by Country

Belgium (X cubic meters) was the main destination for hydrogen exports from Angola, with a 89% share of total exports. Moreover, hydrogen exports to Belgium exceeded the volume sent to the second major destination, the UK (X cubic meters), eightfold.

From 2015 to 2019, the average annual rate of growth in terms of volume to Belgium amounted to +191.5%.

In value terms, the UK ($X) emerged as the key foreign market for hydrogen exports from Angola, comprising 83% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

In 2019, the average hydrogen export price amounted to $X per cubic meter, shrinking by -81.2% against the previous year. Overall, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 72%. As a result, the export price attained the peak level of $X per cubic meter, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Belgium totaled $X per cubic meter.

From 2015 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Congo (-12.0%).

Hydrogen Imports

Imports into Angola

In 2022, imports of hydrogen into Angola dropped significantly to X cubic meters, with a decrease of -17.1% on 2021 figures. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 303%. As a result, imports attained the peak of X cubic meters. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hydrogen imports contracted markedly to $X in 2022. Over the period under review, imports faced a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 351%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X cubic meters) constituted the largest supplier of hydrogen to Angola, accounting for a 80% share of total imports. Moreover, hydrogen imports from Belgium exceeded the figures recorded by the second-largest supplier, Portugal (X cubic meters), sixfold. Congo (X cubic meters) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-14.8% per year) and Congo (-11.8% per year).

In value terms, Belgium ($X), Portugal ($X) and China ($X) appeared to be the largest hydrogen suppliers to Angola, with a combined 69% share of total imports.

Belgium, with a CAGR of -3.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hydrogen import price stood at $X per cubic meter in 2022, declining by -18% against the previous year. Overall, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 15%. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Belgium ($X 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 (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hydrogen in the world?

The countries with the highest volumes of hydrogen consumption in 2021 were China, the Netherlands and the United States, with a combined 30% share of global consumption. Russia, Germany, India, Japan, Spain, Brazil, Pakistan, Indonesia, France and Nigeria lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of hydrogen in the world?

The countries with the highest volumes of hydrogen production in 2021 were China, the Netherlands and the United States, with a combined 29% share of global production. These countries were followed by Russia, Germany, India, Japan, Spain, Brazil, Pakistan, Indonesia, Canada and France, which together accounted for a further 35%.

What are the leading suppliers of hydrogen to Angola?

In value terms, China constituted the largest supplier of hydrogen to Angola, comprising 54% of total imports. The second position in the ranking was occupied by Portugal, with a 23% share of total imports. It was followed by Congo, with an 11% share.

What is the average export price for hydrogen in Angola?

In 2015, the average hydrogen export price amounted to $0.7 per cubic meter, remaining relatively unchanged against the previous year.

What is the average import price for hydrogen in Angola?

The average hydrogen import price stood at $0.5 per cubic meter in 2021, growing by 8.3% against the previous year.

This report provides an in-depth analysis of the hydrogen market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111150 - Hydrogen

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023