Brazil: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in Brazil

The Brazilian gas supply meter market expanded sharply to $X in 2021, increasing by 6.1% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Gas Supply Meter Production in Brazil

In value terms, gas supply meter production rose significantly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Gas Supply Meter Exports

Exports from Brazil

In 2021, the amount of gas supply or production meters exported from Brazil soared to X units, increasing by 2,803% against the year before. Overall, exports, however, faced a significant decline. The pace of growth was the most pronounced in 2019 with an increase of 6,419%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, gas supply meter exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2019 with an increase of 3,167%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for gas supply meter exports from Brazil, with a 91% share of total exports. Moreover, gas supply meter exports to China exceeded the volume sent to the second major destination, Chile (X units), more than tenfold. Mexico (X units) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+68.4% per year) and Mexico (-12.1% per year).

In value terms, China ($X) emerged as the key foreign market for gas supply or production meters exports from Brazil, comprising 89% of total exports. The second position in the ranking was held by Chile ($X), with a 0.8% share of total exports. It was followed by Mexico, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+68.3% per year) and Mexico (+1.2% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, dropping by -7.9% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 711%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Peru ($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 Mexico (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gas Supply Meter Imports

Imports into Brazil

In 2021, supplies from abroad of gas supply or production meters increased by 86% to X units, rising for the fourth year in a row after three years of decline. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 111% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, gas supply meter imports surged to $X in 2021. Over the period under review, imports, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 67%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea (X units), China (X units) and Germany (X units) were the main suppliers of gas supply meter imports to Brazil, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and the Netherlands ($X) constituted the largest gas supply meter suppliers to Brazil, together comprising 74% of total imports.

South Korea, with a CAGR of +17.6%, 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.

Import Prices by Country

In 2021, the average gas supply meter import price amounted to $X per unit, waning by -34.9% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2016 an increase of 44% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average 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 United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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