Report Update Nov 1, 2024

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

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Luxembourg: Hydrogen Market 2024

Hydrogen Exports

Exports from Luxembourg

In 2022, hydrogen exports from Luxembourg stood at X cubic meters, flattening at the year before. In general, exports faced a sharp decline. The smallest decline of 99.9% was in 2021. The exports peaked at X cubic meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, hydrogen exports stood at $X in 2022. Overall, exports continue to indicate a significant decrease. The smallest decline of 99.9% was in 2021. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X cubic meters) was the main destination for hydrogen exports from Luxembourg, accounting for a 98% share of total exports. It was followed by the Netherlands (X cubic meters), with a 2.1% share of total exports.

From 2020 to 2022, the average annual growth rate of volume to Belgium totaled -30.0%.

From 2020 to 2022, the average annual growth rate of value to Belgium totaled -40.8%.

Export Prices by Country

The average hydrogen export price stood at $X per cubic meter in 2022, remaining constant against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per cubic meter), while the average price for exports to Belgium amounted to $X per cubic meter.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+47.7%).

Hydrogen Imports

Imports into Luxembourg

In 2022, after four years of decline, there was significant growth in purchases abroad of hydrogen, when their volume increased by 168% to X cubic meters. Overall, imports posted a temperate increase. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, hydrogen imports skyrocketed to $X in 2022. Over the period under review, imports recorded a tangible expansion. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X cubic meters) was the main supplier of hydrogen to Luxembourg, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +4.7%.

In value terms, Belgium ($X) constituted the largest supplier of hydrogen to Luxembourg.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled +2.6%.

Import Prices by Country

The average hydrogen import price stood at $X per cubic meter in 2022, waning by -11.4% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 an increase of 5.8% against the previous year. Over the period under review, average import prices attained the maximum at $X per cubic meter in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to -2.0% per year.

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. 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, together accounting for 29% 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 Luxembourg?

In value terms, Belgium constituted the largest supplier of hydrogen to Luxembourg.

What are the leading importers of hydrogen from Luxembourg?

In value terms, Belgium $157) remains the key foreign market for hydrogen exports from Luxembourg.

What is the average export price for hydrogen in Luxembourg?

The average hydrogen export price stood at $0.3 per cubic meter in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for hydrogen in Luxembourg?

The average hydrogen import price stood at $0.3 per cubic meter in 2021, rising by 6.5% against the previous year.

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

Luxembourg

Data coverage:

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