Vietnam: Liquid Supply Meter Market 2025

Liquid Supply Meter Market Size in Vietnam

The Vietnamese liquid supply meter market shrank rapidly to $X in 2021, reducing by -18.7% against the previous year. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +33.7% against 2019 indices. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Liquid Supply Meter Production in Vietnam

In value terms, liquid supply meter production reduced remarkably to $X in 2021 estimated in export price. In general, production, however, saw a moderate increase. The pace of growth appeared the most rapid in 2016 with an increase of 326%. Liquid supply meter production peaked at $X in 2020, and then reduced notably in the following year.

Liquid Supply Meter Exports

Exports from Vietnam

After three years of growth, overseas shipments of liquid supply or production meters decreased by -44.2% to X units in 2021. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 93% against the previous year. The exports peaked at X units in 2020, and then fell rapidly in the following year.

In value terms, liquid supply meter exports skyrocketed to $X in 2021. Overall, exports showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for liquid supply meter exports from Vietnam, accounting for a 67% share of total exports. Moreover, liquid supply meter exports to India exceeded the volume sent to the second major destination, Sri Lanka (X units), threefold. Malaysia (X units) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +54.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+44.6% per year) and Malaysia (-31.9% per year).

In value terms, Thailand ($X) emerged as the key foreign market for liquid supply or production meters exports from Vietnam, comprising 1.9% of total exports. The second position in the ranking was held by India ($X), with a 0.5% share of total exports. It was followed by Malaysia, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value to Thailand stood at +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+54.1% per year) and Malaysia (-27.4% per year).

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, increasing by 180% against the previous year. In general, the export price, however, saw a drastic downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Sri Lanka ($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 Thailand (+83.1%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Vietnam

In 2021, liquid supply meter imports into Vietnam dropped modestly to X units, waning by -3.4% compared with the previous year's figure. Overall, imports, however, posted perceptible growth. The pace of growth was the most pronounced in 2018 when imports increased by 163% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, liquid supply meter imports stood at $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by 34%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest liquid supply meter supplier to Vietnam, with a 73% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. The third position in this ranking was held by Thailand (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.7% per year) and Thailand (-9.8% per year).

In value terms, Malaysia ($X), China ($X) and Italy ($X) were the largest liquid supply meter suppliers to Vietnam, with a combined 39% share of total imports.

Among the main suppliers, Italy, with a CAGR of +19.0%, recorded 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 average liquid supply meter import price amounted to $X per unit, rising by 9.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 192% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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