Europe: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Europe

For the third year in a row, the Europe liquid supply meter market recorded growth in sales value, which increased by 23% to $X in 2021. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +21.5% against 2017 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Liquid Supply Meter Production in Europe

In value terms, liquid supply meter production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Liquid Supply Meter Exports

Exports in Europe

In 2021, shipments abroad of liquid supply or production meters increased by 18% to X units for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid supply meter exports skyrocketed to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Italy (X units), France (X units), Germany (X units) and Poland (X units), together recording 70% of total export. Slovakia (X units) ranks next in terms of the total exports with a 7.1% share, followed by Russia (5.2%). Hungary (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +31.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of exports in 2021, with a combined 60% share of total exports. Slovakia, Poland, Russia and Hungary lagged somewhat behind, together comprising a further 23%.

Hungary, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, increasing by 1.7% against the previous year. Over the period under review, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 6.1%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Liquid Supply Meter Imports

Imports in Europe

In 2021, after three years of decline, there was significant growth in purchases abroad of liquid supply or production meters, when their volume increased by 28% to X units. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid supply meter imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of liquid supply or production meters, namely Russia, France and Germany, represented more than half of total import. Poland (X units) ranks next in terms of the total imports with a 7.6% share, followed by Spain (5.5%). The UK (X units), the Czech Republic (X units), Austria (X units), Ukraine (X units), Romania (X units), the Netherlands (X units), Hungary (X units) and Italy (X units) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid supply meter importing markets in Europe were Germany ($X), France ($X) and Russia ($X), with a combined 41% share of total imports. These countries were followed by Spain, Poland, the UK, Austria, Italy, the Czech Republic, Romania, the Netherlands, Ukraine and Hungary, which together accounted for a further 40%.

In terms of the main importing countries, Romania, with a CAGR of +12.2%, recorded 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 import price in Europe stood at $X per unit in 2021, declining by -4.9% against the previous year. In general, the import price saw a slight decrease. The growth pace was the most rapid in 2013 when the import price increased by 7.1%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform