Report Update Nov 1, 2024

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

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Belgium: Hydrogen Market 2024

Hydrogen Market Size in Belgium

In 2022, the Belgian hydrogen market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Hydrogen Production in Belgium

In value terms, hydrogen production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 247%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Hydrogen Exports

Exports from Belgium

In 2022, approx. X cubic meters of hydrogen were exported from Belgium; picking up by 55% on the previous year's figure. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 438%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, hydrogen exports surged to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 485%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X cubic meters) was the main destination for hydrogen exports from Belgium, accounting for a 97% share of total exports. It was followed by Luxembourg (X cubic meters), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+6.7% per year) and France (-8.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for hydrogen exports from Belgium, comprising 98% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-1.0% per year) and France (-1.6% per year).

Export Prices by Country

In 2022, the average hydrogen export price amounted to $X per cubic meter, rising by 80% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per cubic meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per cubic meter), while the average price for exports to Luxembourg ($X 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 France (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Imports

Imports into Belgium

In 2022, the amount of hydrogen imported into Belgium rose sharply to X cubic meters, with an increase of 8% on 2021. Over the period under review, imports, however, faced a precipitous slump. The pace of growth appeared the most rapid in 2019 when imports increased by 82%. As a result, imports reached the peak of X cubic meters. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, hydrogen imports skyrocketed to $X in 2022. In general, imports, however, saw a precipitous slump. The most prominent rate of growth was recorded in 2019 with an increase of 69%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X cubic meters), Germany (X cubic meters) and France (X cubic meters) were the main suppliers of hydrogen imports to Belgium, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +3.3%), while purchases for the other leaders experienced a decline.

In value terms, the Netherlands ($X) constituted the largest supplier of hydrogen to Belgium, comprising 83% of total imports. The second position in the ranking was taken by Germany ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at -28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.9% per year) and France (-44.6% per year).

Import Prices by Country

In 2022, the average hydrogen import price amounted to $X per cubic meter, surging by 33% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, average import prices hit record highs at $X per cubic meter in 2012; however, from 2013 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 France ($X per cubic meter), while the price for Germany ($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 France (+2.2%), 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, together comprising 30% of global consumption. These countries were followed by Russia, Germany, India, Japan, Spain, Brazil, Pakistan, Indonesia, France and Nigeria, which together accounted 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. Russia, Germany, India, Japan, Spain, Brazil, Pakistan, Indonesia, Canada and France lagged somewhat behind, together accounting for a further 35%.

What are the leading suppliers of hydrogen to Belgium?

In value terms, the Netherlands constituted the largest supplier of hydrogen to Belgium, comprising 80% of total imports. The second position in the ranking was occupied by Germany, with a 20% share of total imports.

What are the leading importers of hydrogen from Belgium?

In value terms, the Netherlands remains the key foreign market for hydrogen exports from Belgium, comprising 94% of total exports. The second position in the ranking was occupied by Luxembourg, with a 2.3% share of total exports.

What is the average export price for hydrogen in Belgium?

The average hydrogen export price stood at $0.3 per cubic meter in 2021, surging by 106% against the previous year.

What is the average import price for hydrogen in Belgium?

The average hydrogen import price stood at $0.3 per cubic meter in 2021, shrinking by -23.5% against the previous year.

This report provides an in-depth analysis of the hydrogen market in Belgium. 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:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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