Key Market Indicators
Norway is forecast to import hydrogen worth around $263,000 in 2021, a 0.3% decrease compared to the previous year. Since 1998, the country's demand for hydrogen has grown by 7.1% annually. In 2021, Norway placed 26th in the global ranking, behind Spain at $263,970. Belgium, France and the Netherlands followed in second, third and fourth place respectively. Meanwhile, Norwegian hydrogen exports are expected to reach approximately $19,000 in 2026, a 2.7% decrease from 2021's figure of $22,000. Since 1998, Norwegian supply has grown by 26.1% annually. In 2021, the country occupied 44th position in the global ranking, behind Lithuania at $21,910. The Netherlands, Belgium and the United States were placed second, third and fourth in the ranking.
