Hydrogen Cost in South Africa
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, South Africa, contract price, exw, formula
- cash cost, on-site: Hydrogen, South Africa, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, South Africa, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Hydrogen sold ex-works in South Africa stood at 29.90 USD cent per normal cubic meter, representing a decline of 1.64% compared to April 2023. Looking at the broader trend, Hydrogen contract prices in South Africa have fallen by 26% over the twelve-month period from May 2022 to May 2023. The on-site cash cost for Hydrogen production in South Africa reached 13.30 USD cent per normal cubic meter in May 2023, down 2.92% from the previous month in April 2023. Throughout the past year, the on-site production costs for Hydrogen in South Africa decreased by 38% when comparing May 2023 to May 2022. The off-site cash cost for Hydrogen supplied by large suppliers in South Africa was 11.50 USD cent per normal cubic meter in May 2023, reflecting a 2.54% decrease from April 2023. Over the twelve-month period, the off-site supply costs for Hydrogen in South Africa have declined by 40% year-over-year.
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.