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)
In May 2023, Hydrogen contract pricing at ex-works point in Japan reached 26 USD cent per normal cubic meter, representing a 7.69% decrease compared to April 2023. Throughout the twelve-month period, contract prices for Hydrogen in Japan declined by 14.47%. As of May 2023, the on-site cash cost for Hydrogen production in Japan stood at 22.1 USD cent per normal cubic meter, down 9.8% from the previous month. Over the past year, on-site hydrogen costs in Japan experienced a total reduction of 15.0%. In May 2023, the off-site cash cost for Hydrogen supply from large suppliers in Japan was 21 USD cent per normal cubic meter, marking a 10.21% decrease from April 2023. Across the last twelve months, off-site hydrogen costs in Japan fell by 15.0%.
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
Hydrogen is one of 10 industrial utilities priced monthly — reference data for cost analysis, project evaluation, and competitiveness studies
10 Utilities Priced Monthly
Steam, hydrogen, oxygen, nitrogen, and 6 other key process utilities.
Forward-Looking Series
Short-term forecasts on selected utilities.
10-Year Monthly History
A decade of monthly data for trend analysis and modeling.
Beyond Utility Costs
Industrial utility costs are part of the Industry Economics & Competitiveness subscription — a monthly program benchmarking commodities manufacturing competitiveness across 33 countries.
33 Key Countries
Country-by-country monthly reports covering major industrial hubs — USA, China, Germany, Japan, Brazil, India, and more.
7 Industries Covered
Industry-specific rankings across olefins, aromatics, alcohols & organic acids, polymers, fertilizers, inorganic chemicals, and metals.
Reference Datasets
Country-level datasets for estimating individual cost items — labor, utility costs, plant construction costs, and location factors.
Monthly Updates
Fresh data every month, always reflecting the most recent period available, with short-term forecasts on selected series.
Frequently Asked Questions
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.