SADC: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in SADC

In 2021, the SADC liquid supply meter market decreased by -0.6% to $X for the first time since 2014, thus ending a six-year rising trend. The total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.0% against 2012 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Liquid Supply Meter Production in SADC

In value terms, liquid supply meter production contracted slightly to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.3% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Liquid Supply Meter Exports

Exports in SADC

In 2021, after two years of decline, there was significant growth in shipments abroad of liquid supply or production meters, when their volume increased by 5.2% to X units. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, liquid supply meter exports shrank sharply to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was approx. 91% of total exports in 2021. It was distantly followed by Angola (X units), generating a 5.4% share of total exports. Tanzania (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to liquid supply meter exports from South Africa stood at -10.8%. At the same time, Tanzania (+28.2%) and Angola (+19.9%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in SADC, with a CAGR of +28.2% from 2012-2021. Angola (+5 p.p.) and Tanzania (+2 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -7% from 2012 to 2021, respectively.

In value terms, South Africa ($X) remains the largest liquid supply meter supplier in SADC, comprising 89% of total exports. The second position in the ranking was held by Angola ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa totaled -6.4%. In the other countries, the average annual rates were as follows: Angola (+21.8% per year) and Tanzania (+28.6% per year).

Export Prices by Country

The export price in SADC stood at $X per unit in 2021, which is down by -26.4% against the previous year. Export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the export price increased by 24% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while South Africa ($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 Africa (+4.9%), while the other leaders experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports in SADC

In 2021, purchases abroad of liquid 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. Overall, imports recorded a buoyant increase. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, liquid supply meter imports soared to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Tanzania was the main importer of liquid supply or production meters in SADC, with the volume of imports finishing at X units, which was near 49% of total imports in 2021. It was distantly followed by Lesotho (X units) and South Africa (X units), together making up a 37% share of total imports. The following importers - Zimbabwe (X units), Zambia (X units), Angola (X units) and Namibia (X units) - each recorded a 7.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +36.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tanzania ($X) and Angola ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 66% of total imports.

Among the main importing countries, Tanzania, with a CAGR of +22.5%, saw the highest rates of growth with regard to 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

In 2021, the import price in SADC amounted to $X per unit, declining by -47.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the import price increased by 37%. As a result, import price reached the peak level of $X per unit, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per unit), while Lesotho ($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 Africa (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform