Key Market Indicators
Demand for hydrogen in Hungary is expected to reach $39.4 million by 2026, up from $33.9 million in 2021. Over the past 24 years, Hungarian demand has grown at an average rate of 5.1% a year. In 2021, Hungary was the 53rd largest hydrogen importer, while Ukraine overtook it at $33.9 million. Belgium, France and the Netherlands were the second, third and fourth largest importers respectively. Supply of hydrogen in Hungary is expected to reach $884.7 million by 2026, up from $781.1 million in 2021. This is an average growth rate of 1.9% per year since 2002. In 2021, Hungary was the 12th largest exporter of hydrogen, with the Czech Republic coming ahead at $781.1 million. The Netherlands, Belgium and the United States were the second, third and fourth largest exporters respectively.
