Report Update Nov 1, 2024

Russian Federation - Hydrogen - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Hydrogen Market 2024

Hydrogen Market Size in the Russian Federation

The Russian hydrogen market amounted to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, recorded a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Hydrogen Production in the Russian Federation

In value terms, hydrogen production expanded notably to $X in 2022 estimated in export price. Overall, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 365%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydrogen Exports

Exports from the Russian Federation

In 2022, shipments abroad of hydrogen was finally on the rise to reach X cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2016 when exports increased by 235%. Over the period under review, the exports reached the maximum at X cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, hydrogen exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of 177%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X cubic meters) was the main destination for hydrogen exports from Russia, with a 85% share of total exports. Moreover, hydrogen exports to Uzbekistan exceeded the volume sent to the second major destination, Armenia (X cubic meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan totaled +3.8%.

In value terms, Uzbekistan ($X) remains the key foreign market for hydrogen exports from Russia, comprising 90% of total exports. The second position in the ranking was taken by Armenia ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan totaled +15.7%.

Export Prices by Country

The average hydrogen export price stood at $X per cubic meter in 2022, with a decrease of -16.5% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 148%. As a result, the export price reached the peak level of $X per cubic meter, and then shrank sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per cubic meter), while the average price for exports to Armenia stood at $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Imports

Imports into the Russian Federation

Hydrogen imports into Russia shrank remarkably to X cubic meters in 2022, falling by -32.8% against 2021. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 217% against the previous year. Imports peaked at X cubic meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hydrogen imports declined to $X in 2022. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 192%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X cubic meters) was the main hydrogen supplier to Russia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled -1.9%.

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

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +11.0%.

Import Prices by Country

In 2022, the average hydrogen import price amounted to $X per cubic meter, growing by 30% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydrogen import price increased by +21.5% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 58%. As a result, import price attained the peak level of $X per cubic meter. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +66.5% 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, with a combined 30% share 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, 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 the Russian Federation?

In value terms, Hungary constituted the largest supplier of hydrogen to Russia, comprising 70% of total imports. The second position in the ranking was occupied by Germany, with a 17% share of total imports.

What are the leading importers of hydrogen from the Russian Federation?

In value terms, the largest markets for hydrogen exported from Russia were Kazakhstan, Uzbekistan and Belarus, together comprising 100% of total exports.

What is the average export price for hydrogen in the Russian Federation?

The average hydrogen export price stood at $5.8 per cubic meter in 2021, with a decrease of -46.2% against the previous year.

What is the average import price for hydrogen in the Russian Federation?

The average hydrogen import price stood at $2.5 per cubic meter in 2021, declining by -17.4% against the previous year.

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

Russia

Data coverage:

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