ASEAN: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in ASEAN

The ASEAN gas supply meter market soared to $X in 2021, surging by 23% against the previous year. In general, consumption showed a buoyant increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Gas Supply Meter Production in ASEAN

In value terms, gas supply meter production rose slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 83%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Gas Supply Meter Exports

Exports in ASEAN

In 2021, overseas shipments of gas supply or production meters decreased by -40.9% to X units for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,841%. Over the period under review, the exports attained the peak figure at X units in 2020, and then shrank remarkably in the following year.

In value terms, gas supply meter exports reduced to $X in 2021. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 349% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia was the main exporter of gas supply or production meters in ASEAN, with the volume of exports finishing at X units, which was near 45% of total exports in 2021. Thailand (X units) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (27%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +128.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest gas supply meter supplying countries in ASEAN were Malaysia ($X), Vietnam ($X) and Thailand ($X), with a combined 99% share of total exports.

Vietnam, with a CAGR of +78.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, with an increase of 67% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 208%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.5%), while the other leaders experienced a decline in the export price figures.

Gas Supply Meter Imports

Imports in ASEAN

In 2021, imports of gas supply or production meters in ASEAN surged to X units, picking up by 25% against 2020 figures. Total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 43%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, gas supply meter imports expanded remarkably to $X in 2021. Overall, imports continue to indicate notable growth. The pace of growth was the most pronounced in 2019 when imports increased by 113% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X units) and Singapore (X units) prevails in imports structure, together comprising 82% of total imports. Vietnam (X units) ranks next in terms of the total imports with an 8.4% share, followed by Malaysia (4.7%). Thailand (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +20.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported gas supply or production meters in ASEAN, comprising 49% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 22% share of total imports. It was followed by Thailand, with a 17% share.

In Singapore, gas supply meter imports increased at an average annual rate of +11.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+4.8% per year) and Thailand (-2.2% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, reducing by -13.8% against the previous year. In general, the import price saw a slight descent. The most prominent rate of growth was recorded in 2019 an increase of 48% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+11.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform