Southern Asia: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Southern Asia

The South Asian market for non-electronic instruments for measuring or checking variables of liquids or gases rose slightly to $X in 2021, growing by 4.1% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.4% against 2015 indices. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Southern Asia

In value terms, non-electronic liquid or gas measurer production expanded to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports in Southern Asia

Non-electronic liquid or gas measurer exports skyrocketed to X units in 2021, rising by 101% against 2020. In general, exports posted resilient growth. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, non-electronic liquid or gas measurer exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of non-electronic instruments for measuring or checking variables of liquids or gases, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the non-electronic instruments for measuring or checking variables of liquids or gases exports, with a CAGR of +5.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-electronic liquid or gas measurer supplier in Southern Asia.

In India, non-electronic liquid or gas measurer exports expanded at an average annual rate of +8.8% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, with a decrease of -15.7% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic liquid or gas measurer export price decreased by -24.0% against 2019 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 54%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +3.0% per year.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports in Southern Asia

In 2021, overseas purchases of non-electronic instruments for measuring or checking variables of liquids or gases increased by 35% to X units, rising for the sixth year in a row after three years of decline. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 114% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, non-electronic liquid or gas measurer imports soared to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 50%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

India dominates imports structure, accounting for X units, which was approx. 95% of total imports in 2021. The following importers - Bangladesh (X units) and Pakistan (X units) - each amounted to a 3.7% share of total imports.

Imports into India increased at an average annual rate of +17.8% from 2012 to 2021. At the same time, Bangladesh (+19.1%) and Pakistan (+3.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +19.1% from 2012-2021. India (+8.8 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -3.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-electronic instruments for measuring or checking variables of liquids or gases in Southern Asia, comprising 85% of total imports. The second position in the ranking was taken by Pakistan ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +14.5%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-0.4% per year) and Bangladesh (+7.4% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, shrinking by -4.2% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by 27%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :