Hydrogen Cost in Japan
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:
- contract price, exw: Hydrogen, Japan, contract price, exw, formula
- cash cost, on-site: Hydrogen, Japan, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Japan, cash cost, formula, off-site (large supplier)
Hydrogen contract prices at ex-works point in Japan reached 26 USD cents per normal cubic meter in May 2023, representing a 7.69% decrease compared to April 2023. Throughout the twelve-month period, Hydrogen contract prices at ex-works point in Japan experienced an overall decline of 14%. The on-site hydrogen production cost for typical consumer facilities in Japan was 22.1 USD cents per normal cubic meter in May 2023, down 9.80% from the previous month. Over the past year, on-site hydrogen production costs for typical consumer facilities in Japan declined by 15% in total. Hydrogen supply costs from large suppliers delivered off-site in Japan totaled 21 USD cents per normal cubic meter in May 2023, declining 10.21% from April 2023. During the last twelve months, off-site hydrogen supply costs from large suppliers in Japan decreased by 15% overall.
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.
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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.