Hydrogen Cost in Hungary
The chart above illustrates Hydrogen price assessments, in US Dollar Cent per normal cubic meter (USD cent/Nm3), from May 2022 through May 2023, as described below:
- cash cost, off-site: Hydrogen, Hungary, cash cost, formula, off-site (large supplier)
- contract price, exw: Hydrogen, Hungary, contract price, exw, formula
- cash cost, on-site: Hydrogen, Hungary, cash cost, formula, on-site (typical consumer facility)
The off-site cash cost for Hydrogen in Hungary reached 50 USD cent/Nm3 in May 2023, representing a 13.4% decrease compared to April 2023. Throughout the 12-month period, Hydrogen costs in Hungary showed a substantial cumulative increase of 114.6%. The ex-works contract price for Hydrogen in Hungary was 55.9 USD cent/Nm3 in May 2023, down 14.1% from the previous month. Over the past year, Hydrogen prices in Hungary experienced a cumulative rise of 88.1%. The on-site cash cost for Hydrogen in Hungary stood at 50.8 USD cent/Nm3 in May 2023, declining 15.1% from March 2023. Over the 12-month period, Hydrogen costs in Hungary demonstrated a cumulative increase of 110.0%. No additional assessments available beyond the first three unique assessment types in the dataset.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
Other Utility Costs
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About Hydrogen
Hydrogen is a vital utility in process industries, especially in refining and chemical manufacturing. It is used in hydrogenation reactions, hydrocracking, and as a reducing agent, playing a key role in producing cleaner fuels and specialty chemicals.