United Kingdom: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in the UK

After five years of growth, the UK liquid supply meter market decreased by -1.5% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Liquid Supply Meter Production in the UK

In value terms, liquid supply meter production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 47%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Liquid Supply Meter Exports

Exports from the UK

In 2021, shipments abroad of liquid supply or production meters decreased by -38.8% to X units, falling for the third consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 73%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, liquid supply meter exports shrank to $X in 2021. Over the period under review, exports showed a slight curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 81% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for liquid supply meter exports from the UK, accounting for a 38% share of total exports. Moreover, liquid supply meter exports to Germany exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+21.0% per year) and the Netherlands (+20.3% per year).

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for liquid supply meter exported from the UK worldwide, together comprising 55% of total exports. These countries were followed by Ireland, Spain, New Zealand and Belgium, which together accounted for a further 25%.

Among the main countries of destination, Spain, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of exports, 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, jumping by 45% against the previous year. Over the period under review, the export price, however, recorded a mild slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Germany ($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 Ireland (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Liquid Supply Meter Imports

Imports into the UK

In 2021, the amount of liquid supply or production meters imported into the UK reduced to X units, falling by -5.8% on 2020. Overall, imports recorded a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by 36% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid supply meter imports rose markedly to $X in 2021. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 when imports increased by 21% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of liquid supply meter to the UK, accounting for a 59% share of total imports. Moreover, liquid supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, France (X units), twofold. China (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.2% per year) and China (+11.0% per year).

In value terms, Germany ($X), France ($X) and Israel ($X) constituted the largest liquid supply meter suppliers to the UK, with a combined 89% share of total imports.

Germany, with a CAGR of +14.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average liquid supply meter import price stood at $X per unit in 2021, rising by 20% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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