Sri Lanka: Gas Supply Meter Market 2025

Gas Supply Meter Market Size in Sri Lanka

The Sri Lankan gas supply meter market declined remarkably to $X in 2021, dropping by -35.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Gas Supply Meter Exports

Exports from Sri Lanka

In 2021, exports of gas supply or production meters from Sri Lanka fell markedly to X units, waning by -85.7% compared with 2020. Overall, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2018 when exports increased by 143%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, gas supply meter exports contracted remarkably to $X in 2021. Over the period under review, exports faced a sharp reduction. The pace of growth was the most pronounced in 2017 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X units) was the main destination for gas supply meter exports from Sri Lanka, with a approx. 50% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives totaled -36.2%.

In value terms, Singapore ($X) remains the key foreign market for gas supply or production meters exports from Sri Lanka, comprising 77% of total exports. The second position in the ranking was held by Maldives ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-34.3% per year) and Japan (-31.9% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, rising by 101% against the previous year. Over the period under review, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Maldives ($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 Singapore (+36.1%), while the prices for the other major destinations experienced mixed trend patterns.

Gas Supply Meter Imports

Imports into Sri Lanka

In 2021, imports of gas supply or production meters into Sri Lanka contracted markedly to X units, reducing by -20.2% against 2020 figures. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2019 when imports increased by 697% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, gas supply meter imports shrank rapidly to $X in 2021. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 438%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of gas supply meter to Sri Lanka, accounting for a 84% share of total imports. Moreover, gas supply meter imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +61.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.0% per year) and Taiwan (Chinese) (+24.3% per year).

In value terms, China ($X) constituted the largest supplier of gas supply or production meters to Sri Lanka, comprising 34% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +63.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+3.0% per year) and Taiwan (Chinese) (+10.4% per year).

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, waning by -36.5% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for the United Arab Emirates ($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 Korea (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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