China: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in China

In 2021, after two years of growth, there was decline in the Chinese gas supply meter market, when its value decreased by -1.5% to $X. Over the period under review, consumption, however, enjoyed a resilient increase. Gas supply meter consumption peaked at $X in 2020, and then reduced in the following year.

Gas Supply Meter Production in China

In value terms, gas supply meter production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 85% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Gas Supply Meter Exports

Exports from China

Gas supply meter exports from China contracted modestly to X units in 2021, with a decrease of -4.6% on 2020. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 100%. The exports peaked at X units in 2020, and then dropped in the following year.

In value terms, gas supply meter exports soared to $X in 2021. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 87% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Pakistan (X units) was the main destination for gas supply meter exports from China, with a 19% share of total exports. Moreover, gas supply meter exports to Pakistan exceeded the volume sent to the second major destination, India (X units), twofold. The third position in this ranking was held by Russia (X units), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Pakistan totaled +128.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+15.0% per year) and Russia (+14.7% per year).

In value terms, the UK ($X), Kenya ($X) and Pakistan ($X) were the largest markets for gas supply meter exported from China worldwide, together comprising 39% of total exports.

Among the main countries of destination, Kenya, with a CAGR of +139.2%, 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 gas supply meter export price stood at $X per unit in 2021, jumping by 33% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to the Philippines ($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 Indonesia (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into China

Gas supply meter imports into China contracted to X units in 2021, reducing by -5% against 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 152% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, gas supply meter imports stood at $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 157%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of gas supply meter to China, accounting for a 52% share of total imports. Moreover, gas supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Brazil (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.5% per year) and Brazil (+110.0% per year).

In value terms, the largest gas supply meter suppliers to China were Germany ($X), the United States ($X) and the Netherlands ($X), with a combined 86% share of total imports. Japan, Brazil, Russia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 9.2%.

Among the main suppliers, Brazil, with a CAGR of +109.8%, saw the highest growth rate of the value of imports, 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, surging by 6.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 47%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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