Canada: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Canada

The Canadian gas supply meter market expanded notably to $X in 2021, picking up by 14% against the previous year. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Gas Supply Meter Production in Canada

In value terms, gas supply meter production skyrocketed to $X in 2021 estimated in export price. In general, production posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 132%. Gas supply meter production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Gas Supply Meter Exports

Exports from Canada

In 2021, after two years of growth, there was significant decline in shipments abroad of gas supply or production meters, when their volume decreased by -8.2% to X units. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 85%. The exports peaked at X units in 2020, and then declined in the following year.

In value terms, gas supply meter exports declined to $X in 2021. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 120%. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for gas supply meter exports from Canada, with a 85% share of total exports. Moreover, gas supply meter exports to the United States exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.9% per year) and Pakistan (+70.9% per year).

In value terms, the United States ($X) remains the key foreign market for gas supply or production meters exports from Canada, comprising 81% of total exports. The second position in the ranking was taken by India ($X), with a 6.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.3% per year) and Pakistan (+60.8% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, increasing by 2.8% against the previous year. Overall, the export price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Pakistan ($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 India (-0.5%), while the prices for the other major destinations experienced a decline.

Gas Supply Meter Imports

Imports into Canada

In 2021, supplies from abroad of gas supply or production meters decreased by -7% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a pronounced decline. The growth pace was the most rapid in 2013 with an increase of 69%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, gas supply meter imports rose to $X in 2021. The total import value increased at an average annual rate of +1.7% over the period 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 2013 with an increase of 48%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) was the main gas supply meter supplier to Canada, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -2.6%.

In value terms, the United States ($X) constituted the largest supplier of gas supply or production meters to Canada.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +1.5%.

Import Prices by Country

In 2021, the average gas supply meter import price amounted to $X per unit, increasing by 10% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gas supply meter import price increased by +110.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 76%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.2% per year.

Source: IndexBox Platform

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