Thailand: Liquid Supply Meter Market 2025

Liquid Supply Meter Market Size in Thailand

The Thai liquid supply meter market expanded sharply to $X in 2021, picking up by 13% against the previous year. In general, consumption, however, continues to indicate strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Liquid Supply Meter Production in Thailand

In value terms, liquid supply meter production soared to $X in 2021 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 59%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Liquid Supply Meter Exports

Exports from Thailand

Liquid supply meter exports from Thailand amounted to X units in 2021, surging by 11% on 2020. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 65% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid supply meter exports contracted sharply to $X in 2021. In general, exports continue to indicate modest growth. The pace of growth was the most pronounced in 2019 when exports increased by 81% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for liquid supply meter exports from Thailand, with a 54% share of total exports. Moreover, liquid supply meter exports to Vietnam exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), fourfold. The Philippines (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+11.7% per year) and the Philippines (+9.9% per year).

In value terms, the largest markets for liquid supply meter exported from Thailand were Lao People's Democratic Republic ($X), Vietnam ($X) and the Philippines ($X), together accounting for 62% of total exports. These countries were followed by Cambodia, Myanmar and Indonesia, which together accounted for a further 18%.

Myanmar, with a CAGR of +216.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, declining by -37.5% against the previous year. In general, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid supply meter export price decreased by -45.7% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 43% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Vietnam ($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 Indonesia (+2.9%), while the prices for the other major destinations experienced a decline.

Liquid Supply Meter Imports

Imports into Thailand

In 2021, supplies from abroad of liquid supply or production meters decreased by -16.1% to X units, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 28% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, liquid supply meter imports fell to $X in 2021. Over the period under review, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 67%. Over the period under review, imports hit record highs at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, China (X units) constituted the largest supplier of liquid supply meter to Thailand, with a 75% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), more than tenfold. The third position in this ranking was taken by Indonesia (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+354.9% per year) and Indonesia (+15.2% per year).

In value terms, China ($X) constituted the largest supplier of liquid supply or production meters to Thailand, comprising 28% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Japan, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+40.5% per year) and Japan (-15.9% per year).

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, picking up by 12% against the previous year. Overall, the import price recorded a strong increase. The growth pace was the most rapid in 2017 when the average import price increased by 79%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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