Poland: Hydrogen Market 2024

Hydrogen Market Size in Poland

The Polish hydrogen market shrank to $X in 2022, which is down by -14.2% against the previous year. Overall, consumption continues to indicate a noticeable setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hydrogen Production in Poland

In value terms, hydrogen production reduced to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hydrogen Exports

Exports from Poland

For the third consecutive year, Poland recorded growth in shipments abroad of hydrogen, which increased by 96% to X cubic meters in 2022. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 105% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, hydrogen exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 116%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The Czech Republic (X cubic meters) was the main destination for hydrogen exports from Poland, with a 68% share of total exports. Moreover, hydrogen exports to the Czech Republic exceeded the volume sent to the second major destination, Slovakia (X cubic meters), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +14.8%.

In value terms, the Czech Republic ($X) remains the key foreign market for hydrogen exports from Poland, comprising 83% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +26.1%.

Export Prices by Country

The average hydrogen export price stood at $X per cubic meter in 2022, growing by 4.7% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per cubic meter), while the average price for exports to Slovakia totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Hydrogen Imports

Imports into Poland

In 2022, overseas purchases of hydrogen increased by 37% to X cubic meters, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X cubic meters in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, hydrogen imports soared to $X in 2022. In general, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X cubic meters), the Czech Republic (X cubic meters) and Slovakia (X cubic meters) were the main suppliers of hydrogen imports to Poland, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +32.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Slovakia ($X) appeared to be the largest hydrogen suppliers to Poland, with a combined 84% share of total imports.

Germany, with a CAGR of +32.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydrogen import price stood at $X per cubic meter in 2022, surging by 16% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17% against the previous year. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per cubic meter), while the price for Germany ($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 the Netherlands (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :