In 2023, the United States accounted for the largest share of global hydrogen imports by value, representing $43.42 million, followed by Belgium at $19.69 million, and France at $9.2 million. Despite this, Belgium saw a decline of 4.33%, whereas the United States experienced a growth of 3.03%, suggesting a shift in hydrogen demand dynamics. Countries such as Luxembourg, Austria, and Egypt saw significant increases in their import shares, indicating growing investment in hydrogen infrastructure. Conversely, Japan and Kuwait reported significant decreases, with Japan's imports falling by 30.63% and Kuwait's by 60.14%, reflecting possible shifts in their energy strategies.
Looking forward, continued investment in hydrogen technology and infrastructure, particularly in countries showing recent growth, will be critical. Watch for further shifts in shares as market leaders like the United States continue to expand, and emerging markets increase their import demand. Sustainability goals and technology advancements will likely drive these trends.
Top countries in Import of Hydrogen Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 43.42 | 2023 | +2.07% | +3.03% | View data |
| 2 | 2 Belgium | 19.69 | 2023 | -1.92% | -4.33% | View data |
| 3 | 3 France | 9.2 | 2023 | -2.02% | -0.99% | View data |
| 4 | 4 Germany | 5.15 | 2023 | +1.42% | +0.45% | View data |
| 5 | 5 Netherlands | 3.62 | 2023 | -15.95% | -6.82% | View data |
| 6 | 6 Luxembourg | 3.1 | 2023 | +2.62% | +2.83% | View data |
| 7 | 7 Austria | 2.75 | 2023 | +2.64% | +3.22% | View data |
| 8 | 8 Canada | 2.61 | 2023 | -0.75% | -0.062% | View data |
| 9 | 9 Mexico | 1.93 | 2023 | +1.36% | +1.12% | View data |
| 10 | 10 United Kingdom | 1.39 | 2023 | -0.72% | -1.53% | View data |
