France: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in France

In 2021, the French gas supply meter market decreased by -67.3% to $X, falling for the second year in a row after five years of growth. In general, consumption showed a noticeable descent. Gas supply meter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Gas Supply Meter Production in France

In value terms, gas supply meter production fell remarkably to $X in 2021 estimated in export price. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 72% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Gas Supply Meter Exports

Exports from France

In 2021, approx. X units of gas supply or production meters were exported from France; increasing by 59% compared with the year before. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gas supply meter exports soared to $X in 2021. In general, exports, however, showed a pronounced reduction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for gas supply meter exports from France, accounting for a 68% share of total exports. Moreover, gas supply meter exports to Belgium exceeded the volume sent to the second major destination, Turkey (X units), sixfold. The third position in this ranking was held by Mexico (X units), with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +76.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+3.1% per year) and Mexico (+16.4% per year).

In value terms, Belgium ($X) emerged as the key foreign market for gas supply or production meters exports from France, comprising 83% of total exports. The second position in the ranking was held by Mexico ($X), with a 6.9% share of total exports. It was followed by Germany, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +72.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.3% per year) and Germany (-8.3% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, picking up by 69% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Turkey ($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 Germany (+4.6%), while the prices for the other major destinations experienced a decline.

Gas Supply Meter Imports

Imports into France

In 2021, supplies from abroad of gas supply or production meters increased by 37% to X units, rising for the second consecutive year after two years of decline. In general, imports showed resilient growth. The growth pace was the most rapid in 2020 when imports increased by 265% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, gas supply meter imports expanded notably to $X in 2021. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 145% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), Italy (X units) and Germany (X units) were the main suppliers of gas supply meter imports to France, with a combined 96% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +136.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of gas supply or production meters to France, comprising 64% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +130.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and Germany (+2.6% per year).

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, dropping by -17.2% against the previous year. Overall, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+38.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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