Key Market Indicators
The Russian hydrogen market is expected to see growth over the next five years. Imports are estimated to increase by 1.6% annually, from around $59,000 in 2021 to reach $59,000 in 2026. Meanwhile, exports are forecast to grow at an average rate of 3.9% per year, from $335,000 in 2021 to $429,000 in 2026. Since 2001, demand for hydrogen in Russia has decreased 6% year on year, and the country ranked 50th in 2021. Bulgaria overtook Russia with $52,420, while Belgium, France and the Netherlands placed 2nd, 3rd and 4th respectively in the ranking. Meanwhile, Russian exports of hydrogen were down 2.6% year on year since 2001. In 2021, Russia ranked 19th, with Portugal taking the lead at $335,010. The Netherlands, Belgium and the US were ranked 2nd, 3rd and 4th.
