Overview of the Global Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

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

In 2021, the global market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -0.9% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, non-electronic liquid or gas measurer production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% 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 -36.5% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 39%. Global production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports

After two years of decline, shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases increased by 23% to X units in 2021. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 58%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer exports reached $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units), distantly followed by Germany (X units) represented the major exporters of non-electronic instruments for measuring or checking variables of liquids or gases, together achieving 39% of total exports. The United States (X units), Switzerland (X units), Denmark (X units), the UK (X units), Mexico (X units), Spain (X units), Italy (X units), France (X units), Romania (X units), Japan (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of +45.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer supplying countries worldwide were Germany ($X), the United States ($X) and Switzerland ($X), with a combined 44% share of global exports. These countries were followed by China, the UK, Japan, France, Denmark, Italy, Taiwan (Chinese), Romania, Mexico and Spain, which together accounted for a further 32%.

Romania, with a CAGR of +41.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, waning by -7.8% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2016 an increase of 94% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.7%), while the other global leaders experienced more modest paces of growth.

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

Imports

Global non-electronic liquid or gas measurer imports rose remarkably to X units in 2021, picking up by 9% on the year before. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 91% against the previous year. Over the period under review, global imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) and China (X units) were the key importers of non-electronic instruments for measuring or checking variables of liquids or gasesin the world, together finishing at near 26% of total imports. It was distantly followed by Germany (X units), mixing up a 5.7% share of total imports. Mexico (X units), Indonesia (X units), India (X units), Italy (X units), South Korea (X units), France (X units), the UK (X units), Poland (X units), Spain (X units) and the Netherlands (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of +21.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer importing markets worldwide were China ($X), the United States ($X) and Germany ($X), together comprising 33% of global imports. These countries were followed by the Netherlands, France, the UK, Italy, India, Mexico, South Korea, Poland, Indonesia and Spain, which together accounted for a further 28%.

India, with a CAGR of +14.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, growing by 5.3% against the previous year. Over the period under review, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 210%. Global import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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