Northern America: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Northern America

The North American gas supply meter market rose rapidly to $X in 2021, increasing by 12% against the previous year. Over the period under review, consumption enjoyed resilient growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Gas Supply Meter Production in Northern America

In value terms, gas supply meter production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 81%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Gas Supply Meter Exports

Exports in Northern America

In 2021, gas supply meter exports in Northern America dropped to X units, with a decrease of -8.7% against 2020. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, gas supply meter exports contracted to $X in 2021. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States prevails in exports structure, recording X units, which was near 97% of total exports in 2021. Canada (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gas supply meter exports from the United States stood at -3.9%. At the same time, Canada (+19.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +19.8% from 2012-2021. While the share of Canada (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-2.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest gas supply meter supplier in Northern America, comprising 76% of total exports. The second position in the ranking was held by Canada ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to -4.8%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, rising by 5.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%).

Gas Supply Meter Imports

Imports in Northern America

In 2021, overseas purchases of gas supply or production meters increased by 8.5% to X units, rising for the fifth consecutive year after three years of decline. In general, imports saw temperate growth. The pace of growth appeared the most rapid in 2013 when imports increased by 44% against the previous year. 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 reached $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 36% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The United States was the key importer of gas supply or production meters in Northern America, with the volume of imports accounting for X units, which was near 73% of total imports in 2021. It was distantly followed by Canada (X units), creating a 27% share of total imports.

The United States was also the fastest-growing in terms of the gas supply or production meters imports, with a CAGR of +6.4% from 2012 to 2021. Canada (-2.5%) illustrated a downward trend over the same period. While the share of the United States (+18 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-17.8 p.p.) displayed negative dynamics.

In value terms, the largest gas supply meter importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +6.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, dropping by -6.6% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% 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 decreased by -36.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 51% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.3%).

Source: IndexBox Platform

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