Eastern Asia: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Eastern Asia

In 2021, after two years of growth, there was decline in the East Asian gas supply meter market, when its value decreased by -3.6% to $X. In general, consumption, however, enjoyed a strong expansion. The level of consumption peaked at $X in 2020, and then fell slightly in the following year.

Gas Supply Meter Production in Eastern Asia

In value terms, gas supply meter production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 70%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Gas Supply Meter Exports

Exports in Eastern Asia

For the sixth consecutive year, Eastern Asia recorded growth in overseas shipments of gas supply or production meters, which increased by 1.1% to X units in 2021. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 75% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, gas supply meter exports soared to $X in 2021. Overall, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 53%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was near 85% of total exports in 2021. South Korea (X units) took a 7.6% share (based on physical terms) of total exports, which put it in second place, followed by Japan (7.5%).

From 2012 to 2021, average annual rates of growth with regard to gas supply meter exports from China stood at +12.1%. At the same time, Japan (+15.1%) and South Korea (+6.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +15.1% from 2012-2021. From 2012 to 2021, the share of China and Japan increased by +4.8 and +1.9 percentage points, respectively.

In value terms, China ($X) remains the largest gas supply meter supplier in Eastern Asia, comprising 70% of total exports. The second position in the ranking was held by Japan ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +15.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+17.0% per year) and South Korea (+5.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, with an increase of 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. 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 origin: the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Gas Supply Meter Imports

Imports in Eastern Asia

In 2021, purchases abroad of gas supply or production meters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a mild downturn. The pace of growth appeared the most rapid in 2013 with an increase of 25% 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 declined to $X in 2021. The total import value increased at an average annual rate of +1.2% 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 2017 when imports increased by 39%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the main importer of gas supply or production meters in Eastern Asia, with the volume of imports resulting at X units, which was near 72% of total imports in 2021. Hong Kong SAR (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (7.6%). China (X units) followed a long way behind the leaders.

Taiwan (Chinese) was also the fastest-growing in terms of the gas supply or production meters imports, with a CAGR of +6.1% from 2012 to 2021. China experienced a relatively flat trend pattern. Hong Kong SAR (-10.1%) and South Korea (-12.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Taiwan (Chinese) increased by +35 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gas supply meter importing markets in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and South Korea ($X), with a combined 94% share of total imports.

Taiwan (Chinese), with a CAGR of +9.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, with a decrease of -12.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 when the import price increased by 25% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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