Hydrogen Cost in Turkey
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, Turkey, contract price, exw, formula
- cash cost, on-site: Hydrogen, Turkey, cash cost, formula, on-site (typical consumer facility)
- cash cost, off-site: Hydrogen, Turkey, cash cost, formula, off-site (large supplier)
In May 2023, the contract price for Hydrogen sold ex-works in Turkey reached 25.40 USD cent per normal cubic meter, representing a slight decrease of 2.38% compared to April 2023. When comparing the May 2023 price to May 2022, Hydrogen contract prices have declined by 23% over this 12-month period. The on-site cash cost for Hydrogen production in Turkey stood at 21.80 USD cent per normal cubic meter in May 2023, down 2.26% from the previous month of April 2023. Comparing year-over-year figures from May 2022 to May 2023, the on-site production costs for Hydrogen have decreased by 25%. The off-site cash cost for Hydrogen supplied by large suppliers in Turkey was 21.30 USD cent per normal cubic meter in May 2023, marking a 2.29% decrease from April 2023. Over the 12-month span from May 2022 to May 2023, off-site Hydrogen supply costs have fallen by 25%.
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.