Australia: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Australia

In 2021, the Australian liquid supply meter market decreased by -11.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Liquid supply meter consumption peaked at $X in 2020, and then declined in the following year.

Liquid Supply Meter Exports

Exports from Australia

In 2021, the amount of liquid supply or production meters exported from Australia soared to X units, jumping by 68% against the previous year. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 304%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid supply meter exports soared to $X in 2021. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Papua New Guinea (X units) was the main destination for liquid supply meter exports from Australia, accounting for a 83% share of total exports. Moreover, liquid supply meter exports to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea totaled +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+34.5% per year) and Vanuatu (+22.8% per year).

In value terms, the largest markets for liquid supply meter exported from Australia were Papua New Guinea ($X), New Zealand ($X) and Vanuatu ($X), together accounting for 82% of total exports.

In terms of the main countries of destination, Papua New Guinea, with a CAGR of +29.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquid supply meter export price stood at $X per unit in 2021, increasing by 87% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid supply meter export price decreased by -27.2% against 2017 indices. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Vanuatu ($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 Kiribati (+22.7%), while the prices for the other major destinations experienced mixed trend patterns.

Liquid Supply Meter Imports

Imports into Australia

In 2021, purchases abroad of liquid supply or production meters decreased by -25.8% to X units for the first time since 2016, thus ending a four-year rising trend. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, imports hit record highs at X units in 2020, and then shrank notably in the following year.

In value terms, liquid supply meter imports contracted to $X in 2021. The total import value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 18% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

Indonesia (X units), China (X units) and Slovakia (X units) were the main suppliers of liquid supply meter imports to Australia, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +54.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Slovakia ($X) constituted the largest liquid supply meter suppliers to Australia, together comprising 69% of total imports.

Indonesia, with a CAGR of +50.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, jumping by 27% against the previous year. In general, the import price, however, saw a slight slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($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 (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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