Hydrogen Price Trends and Forecast

Regional Price Overview

Get the latest insights on price movement and trends analysis of Hydrogen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Hydrogen Price Trends for the Second Half of 2022


In H2 2022 Hydrogen market in the Asian region had a good start. Good downstream demand kept the hydrogen price prospects elevated. After an initial rise, the hydrogen price trends turned volatile considering the fluctuations in market demand, petrochemical prices, and government-mandated norms. Even with a strong hoarding sentiment during the holiday season in Q4, downstream demand remained stagnant, thereby keeping the price trends for hydrogen on the lower end of the scale.


Europe witnessed major economic turmoil in 2022 owing to the current Russia-Ukraine conflict. With the Western sanctions on Russian exports, the gas prices took an unprecedented high impacting the hydrogen market directly. But as the year-end approached the supply remained sufficient but the demand dynamics fluctuated with the hydrogen market recording a declining trends with occasional fluctuations.

North America

Hydrogen price trends for the North American market resembled those of the European market for H2 2022. Rising demand and higher energy prices pushed the market reasonably up. But as the energy prices normalized in the last quarter the hydrogen prices too started declining. Overall, demand and supply dynamics stabilized further, and the hydrogen market remained afloat.

Analyst insight

According to Procurement Resource, as the supply chains are normalizing, and energy security is being ensured hydrogen prices are expected to fall further and the declining trends seems to continue for the next quarter as well.

Hydrogen Price Trends For the First Half of 2022

The price trends for Hydrogen soared globally throughout the said period. Hydrogen is not immune to the inflationary pressure the other energy sources felt throughout the year’s first fast as an aftermath of surging crude oil and gas prices. In the US, the cost of electrolytic Hydrogen shot up to 16.80 USD/kg due to the high-cost inflation triggered by the energy crisis. However, commercially most of the Hydrogen is still produced from natural gas.

Conventional Hydrogen, also known as grey hydrogen, averaged 10 USD/kg during the said period. The hydrogen producers faced a double whammy of high natural gas prices and staggering electricity prices, which affected their profit margins. Hence, in order to protect the profit margins, the high operating costs were passed to the consumers, thereby inflating the price trends for Hydrogen globally.

Procurement Resource provides latest prices of Hydrogen. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.


Hydrogen is the first element of the periodic table (with the symbol H) and is the most abundant chemical substance in the universe. Hydrogen exists as a gas composed of diatomic molecules with the molecular formula H2.

Hydrogen is a flammable, colorless, and odorless gas, an energy carrier used to store and deliver energy produced from other sources. Hydrogen gas is a clean fuel produced from various sources like natural gas, biomass, solar, and wind energy. Owing to these versatile properties, it is a highly attractive fuel option than fossil ones.

Product Details

Report Features Details
Product Name Hydrogen
HS CODE 280410
CAS Number 1333-74-0
Industrial Uses Fuel Cells, Welding, Antioxidant, Chemical Substrate, Batteries, Oil Refining, Steel Production
Chemical Formula H2
Synonyms Dihydrogen, Hydrogen gas
Molecular Weight 2.01 g/mol
Supplier Database Messer Group, The Linde Group, Hydrogenics, Air Liquide
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Hydrogen from Water Electrolysis; from Natural Gas Partial Oxidation; from Natural Gas Steam Reforming

In the process of electrolysis, electricity is used to split water into Hydrogen and oxygen. The reaction occurs in an electrolyzer containing anode and cathode separated by a polymer membrane. Water reacts at the anode, forming oxygen and hydrogen ions. The hydrogen ions move across the polymer membrane to the cathode, and the electrons flow through the external circuit. At the cathode, the hydrogen ions combine with electrons to produce hydrogen gas.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.