Key Market Indicators
Singapore is expected to become a major exporter of hydrogen. By 2026, the country's exports are forecast to reach $1.2 million, a 1.1% year-on-year increase since 2021. Since 1994, exports have grown at a steady rate of 2.5% annually. In 2021, Singapore was the 10th largest exporter of hydrogen, with Slovakia surpassing them at $1.1 million. The Netherlands, Belgium and the United States were the second, third and fourth largest exporters respectively. Singapore is also set to be an important importer of hydrogen. Imports are expected to reach $488,450 by 2026, with a 0.8% average year-on-year growth since 2021. Since 1994, imports have grown at a rate of 19.9% annually. In 2021, Singapore was the 19th largest importer of hydrogen, with Indonesia surpassing them at $465,840. Belgium, France and the Netherlands were the second, third and fourth largest importers respectively in this ranking.
