Belgium: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Belgium

For the fourth consecutive year, the Belgian gas supply meter market recorded growth in sales value, which increased by 2.6% to $X in 2021. Overall, consumption saw a resilient expansion. Gas supply meter consumption peaked in 2021 and is likely to see gradual growth in years to come.

Gas Supply Meter Production in Belgium

In value terms, gas supply meter production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 123%. Gas supply meter production peaked at $X in 2020, and then declined slightly in the following year.

Gas Supply Meter Exports

Exports from Belgium

After two years of growth, overseas shipments of gas supply or production meters decreased by -76.5% to X units in 2021. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2013 when exports increased by 384%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, gas supply meter exports surged to $X in 2021. In general, exports recorded a precipitous descent. The growth pace was the most rapid in 2019 when exports increased by 102% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for gas supply meter exports from Belgium, with a 63% share of total exports. Moreover, gas supply meter exports to Canada exceeded the volume sent to the second major destination, Brazil (X units), sixfold. The third position in this ranking was held by Peru (X units), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+216.2% per year) and Peru (0.0% per year).

In value terms, Canada ($X) emerged as the key foreign market for gas supply or production meters exports from Belgium, comprising 90% of total exports. The second position in the ranking was taken by Brazil ($X), with a 5.6% share of total exports. It was followed by the UK, with a 0.9% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+98.4% per year) and the UK (-33.8% per year).

Export Prices by Country

In 2021, the average gas supply meter export price amounted to $X per unit, with an increase of 635% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Peru ($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 Malaysia (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into Belgium

In 2021, approx. X units of gas supply or production meters were imported into Belgium; increasing by 39% against the previous year's figure. In general, imports, however, saw a perceptible decline. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, gas supply meter imports dropped remarkably to $X in 2021. Overall, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X units) constituted the largest gas supply meter supplier to Belgium, accounting for a 70% share of total imports. Moreover, gas supply meter imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Poland (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +87.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-20.3% per year) and Poland (+4.3% per year).

In value terms, Hungary ($X), Germany ($X) and Poland ($X) appeared to be the largest gas supply meter suppliers to Belgium, together accounting for 81% of total imports. The Netherlands and Italy lagged somewhat behind, together comprising a further 15%.

Italy, with a CAGR of +73.4%, saw the highest growth rate of 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.

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, waning by -41.8% against the previous year. In general, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 23%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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