U.S. - Instruments And Apparatus For Measuring Or Checking The Flow Or Level Of Liquids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingU.S. Measuring Instrument Price Shrinks to $17.1 per Unit
U.S. Measuring Instrument Import Price in March 2023
In March 2023, the measuring instrument price stood at $17.1 per unit, therefore (CIF, US), remained relatively stable against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 15% month-to-month. As a result, import price attained the peak level of $17,841 per thousand units. From January 2023 to March 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($46.6 per unit), while the price for Thailand ($3.6 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Measuring Instrument in U.S. (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Germany | 77.0 | 64.8 | 57.6 | 65.4 | 63.1 | 81.1 | 59.3 | 51.3 | 65.0 | 41.8 | 45.8 | 79.6 | 46.6 |
| Japan | 26.2 | 25.2 | 24.9 | 42.7 | 33.4 | 37.4 | 37.0 | 36.5 | 27.9 | 35.9 | 34.6 | 35.0 | 34.7 |
| Canada | 15.3 | 17.9 | 15.1 | 19.1 | 23.6 | 18.3 | 20.5 | 17.2 | 15.8 | 15.6 | 14.1 | 14.8 | 14.7 |
| China | 8.5 | 8.1 | 10.2 | 8.0 | 9.9 | 7.7 | 10.7 | 9.2 | 9.9 | 10.2 | 11.0 | 8.3 | 9.8 |
| Mexico | 8.4 | 8.4 | 9.1 | 9.1 | 10.7 | 7.3 | 7.0 | 6.1 | 6.7 | 8.2 | 6.9 | 7.3 | 8.3 |
| South Korea | 4.2 | 3.7 | 4.8 | 6.7 | 6.9 | 3.1 | 4.9 | 2.6 | 2.8 | 5.7 | 3.8 | 4.3 | 6.1 |
| Czech Republic | 6.9 | 4.6 | 6.6 | 9.5 | 3.9 | 6.9 | 11.0 | 8.3 | 4.7 | 12.0 | 12.7 | 7.4 | 3.6 |
| Thailand | 7.6 | 9.9 | 32.2 | 11.1 | 1.9 | 8.3 | 4.6 | 7.3 | 2.5 | 3.9 | 7.7 | 13.8 | 3.6 |
| Average | 14.5 | 15.0 | 16.2 | 15.8 | 17.5 | 14.4 | 15.8 | 14.5 | 15.5 | 17.8 | 15.4 | 17.3 | 17.1 |
U.S. Measuring Instrument Imports
In March 2023, approximately 4.6M units of instruments and apparatus for measuring or checking the flow or level of liquids were imported into the United States; growing by 7.8% against February 2023. In general, imports, however, showed a mild setback. The growth pace was the most rapid in August 2022 when imports increased by 18% against the previous month. Over the period under review, imports reached the maximum at 5.6M units in March 2022; however, from April 2022 to March 2023, imports stood at a somewhat lower figure.
In value terms, measuring instrument imports rose significantly to $78M (IndexBox estimates) in March 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when imports increased by 8.8% m-o-m. Over the period under review, imports attained the peak figure at 82M units in March 2022; however, from April 2022 to March 2023, imports remained at a lower figure.
U.S. Measuring Instrument Imports by Country
In March 2023, Mexico (2.3M units) constituted the largest supplier of measuring instrument to the United States, with a 51% share of total imports. Moreover, measuring instrument imports from Mexico exceeded the figures recorded by the second-largest supplier, China (863K units), threefold. Canada (395K units) ranked third in terms of total imports with an 8.6% share.
From March 2022 to March 2023, the average monthly growth rate of volume from Mexico stood at -2.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-1.6% per month) and Canada (+1.1% per month).
In value terms, Mexico ($19M), Germany ($11M) and China ($8.5M) appeared to be the largest measuring instrument suppliers to the United States, with a combined 49% share of total imports. Canada, Japan, South Korea, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 15%.
South Korea, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the measuring instrument market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26515235 - Electronic flow meters (excluding supply meters, hydrometric paddle-wheels)
- Prodcom 26515239 - Electronic instruments and apparatus for measuring or checking the level of liquids
- Prodcom 26515255 - Non-electronic flow meters (excluding supply meters, h ydrometric paddle-wheels)
- Prodcom 26515259 - Non-electronic instruments and apparatus for measuring or checking the level of liquids
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
