Hydrogen Cost in Mexico
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, Mexico, contract price, exw, formula
- cash cost, on-site: Hydrogen, Mexico, cash cost, formula, off-site (large supplier)
The contract price on an ex-works basis for Hydrogen in Mexico reached 10.10 USD cent per normal cubic meter in May 2023, representing an 8.91% decrease compared to April 2023. Throughout the 12-month period, Hydrogen contract prices in Mexico declined by 34% overall. The operational cash cost for on-site Hydrogen production in Mexico was 5.67 USD cent per normal cubic meter in May 2023, showing a 17.02% increase from the previous month. Over the past year, on-site hydrogen production costs in Mexico decreased by 46% cumulatively. The operational cash cost for off-site large supplier Hydrogen in Mexico totaled 5.03 USD cent per normal cubic meter in May 2023, up 19.24% from April 2023. Comparing to May 2022, off-site hydrogen supplier costs in Mexico fell by 50% over the 12-month span.
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.