Hydrogen Cost in Thailand
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, Thailand, contract price, exw, formula
- cash cost, on-site: Hydrogen, Thailand, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Thailand, cash cost, formula, off-site (large supplier)
The contract price on an ex-works basis for Hydrogen in Thailand reached 16.7 USD cent per normal cubic meter in May 2023, representing a 6% decrease compared to April 2023. Throughout the 12-month period, Hydrogen prices in Thailand showed an overall increase of 14%. The cash cost for on-site hydrogen production in Thailand was 13.5 USD cent per normal cubic meter in May 2023, down 6% from the previous month of April 2023. Over the past year, the cash cost for on-site Hydrogen in Thailand increased by 19% in total. The cash cost for off-site hydrogen supply in Thailand stood at 13.1 USD cent per normal cubic meter in May 2023, declining 6% from April 2023. Comparing May 2023 to May 2022, the off-site cash cost for Hydrogen in Thailand rose by 19% cumulatively.
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.