In 2024, Germany's hydrogen imports are valued at $7.628 million, marking the starting point for the forecast period. The data projects steady growth in hydrogen imports, with an annual increase of approximately 1.5% to 1.6% year-on-year. By 2028, imports are expected to reach $8.0682 million, suggesting a sustained compound annual growth rate (CAGR) of around 1.4% over the five-year period. As a comparison, the hydrogen import figure for 2023 was notably lower than the projected values for the forecast period, underscoring a clear upward trend.
Future trends to watch for include:
- Technological advancements in hydrogen production and storage that may affect import needs.
- Policy shifts in both Germany and exporting countries, potentially impacting import dynamics.
- Fluctuations in global hydrogen prices affecting the cost-effectiveness of imports.