Australia: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Australia

In 2021, after three years of growth, there was decline in the Australian gas supply meter market, when its value decreased by -2.8% to $X. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Gas Supply Meter Production in Australia

In value terms, gas supply meter production fell to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53%. Over the period under review, production reached the peak level at $X in 2020, and then declined in the following year.

Gas Supply Meter Exports

Exports from Australia

Gas supply meter exports from Australia reduced sharply to X units in 2021, with a decrease of -48.8% compared with the previous year's figure. Over the period under review, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 325% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, gas supply meter exports fell dramatically to $X in 2021. Overall, exports recorded a slight slump. The most prominent rate of growth was recorded in 2020 when exports increased by 371%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for gas supply meter exports from Australia, with a 55% share of total exports. Moreover, gas supply meter exports to New Zealand exceeded the volume sent to the second major destination, Thailand (X units), threefold. The third position in this ranking was taken by China (X units), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to New Zealand amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-6.0% per year) and China (+57.1% per year).

In value terms, New Zealand ($X) remains the key foreign market for gas supply or production meters exports from Australia, comprising 44% of total exports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total exports. It was followed by Papua New Guinea, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-8.7% per year) and Papua New Guinea (-2.0% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, reducing by -32.1% against the previous year. Overall, the export price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 189% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gas Supply Meter Imports

Imports into Australia

In 2021, approx. X units of gas supply or production meters were imported into Australia; which is down by -16.8% on 2020. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 166%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, gas supply meter imports contracted dramatically to $X in 2021. In general, imports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 64%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of gas supply meter to Australia, with a 87% share of total imports. Moreover, gas supply meter imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +67.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and Germany (-18.2% per year).

In value terms, the largest gas supply meter suppliers to Australia were China ($X), the United States ($X) and Germany ($X), with a combined 85% share of total imports.

Among the main suppliers, China, with a CAGR of +57.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, with an increase of 1.8% against the previous year. Overall, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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