World - Gas Supply Or Production Meters - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the expected growth in the global market for gas supply or production meters from 2022 to 2030, with an estimated CAGR of +4.9% in volume and +7.2% in value. It covers the consumption, production, imports, and exports of gas supply or production meters over the period from 2012 to 2022, highlighting key trends and fluctuations in market performance. The countries with the highest consumption, production, imports, and exports are identified, along with notable growth rates and price trends in the market.
Market Forecast
Driven by increasing demand for gas supply or production meters worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market volume to 208M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.2% for the period from 2022 to 2030, which is projected to bring the market value to $189.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Gas Supply Or Production Meters
In 2022, consumption of gas supply or production meters decreased by -3.4% to 142M units, falling for the third consecutive year after five years of growth. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.9% against 2019 indices. Over the period under review, global consumption reached the peak volume at 151M units in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
The global gas supply meter market size declined to $108.8B in 2022, which is down by -4.1% 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). The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $122.2B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (25M units), the United States (17M units) and India (12M units), together comprising 38% of global consumption. Italy, Nigeria, Japan, Russia, Brazil, the UK, Thailand, Mexico, France and South Korea lagged somewhat behind, together accounting for a further 34%.
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +21.4%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Brazil ($85.7B) led the market, alone. The second position in the ranking was held by the United States ($2.6B). It was followed by India.
In Brazil, the gas supply meter market remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+10.7% per year) and India (+6.1% per year).
The countries with the highest levels of gas supply meter per capita consumption in 2022 were Italy (126 units per 1000 persons), the UK (69 units per 1000 persons) and Thailand (52 units per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +21.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Gas Supply Or Production Meters
After two years of decline, production of gas supply or production meters increased by 0.3% to 145M units in 2022. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. Over the period under review, global production hit record highs at 151M units in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
In value terms, gas supply meter production reduced slightly to $106.6B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 26%. Over the period under review, global production hit record highs at $120.9B in 2019; however, from 2020 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (30M units), the United States (17M units) and India (11M units), together comprising 40% of global production. Italy, Japan, Nigeria, Russia, Brazil, Thailand, Mexico, France, the UK and South Korea lagged somewhat behind, together accounting for a further 33%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Italy (with a CAGR of +21.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Gas Supply Or Production Meters
In 2022, global imports of gas supply or production meters fell to 12M units, with a decrease of -8.1% on the previous year's figure. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 14%. As a result, imports attained the peak of 13M units. From 2019 to 2022, the growth of global imports failed to regain momentum.
In value terms, gas supply meter imports shrank to $734M in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, global imports hit record highs at $765M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, the UK (2.1M units), distantly followed by the United States (975K units), India (708K units), Ukraine (556K units) and Russia (554K units) were the main importers of gas supply or production meters, together constituting 40% of total imports. Italy (407K units), Georgia (405K units), Azerbaijan (403K units), France (383K units), Pakistan (304K units), Kenya (298K units), Colombia (270K units) and Germany (268K units) followed a long way behind the leaders.
Imports into the UK increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, Kenya (+114.8%), Pakistan (+51.7%), Ukraine (+22.5%), India (+15.9%), Georgia (+14.4%), Germany (+11.1%), Colombia (+9.4%), the United States (+6.5%), Italy (+4.1%) and France (+1.9%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in the world, with a CAGR of +114.8% from 2012-2022. By contrast, Azerbaijan (-3.3%) and Russia (-4.4%) illustrated a downward trend over the same period. The UK (+6.8 p.p.), India (+4.2 p.p.), Ukraine (+3.8 p.p.), the United States (+2.7 p.p.), Pakistan (+2.5 p.p.), Kenya (+2.5 p.p.) and Georgia (+2.3 p.p.) significantly strengthened its position in terms of the global imports, while Azerbaijan and Russia saw its share reduced by -2.5% and -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest gas supply meter importing markets worldwide were the UK ($132M), the United States ($69M) and France ($43M), with a combined 33% share of global imports. Italy, Kenya, Germany, Russia, Ukraine, Azerbaijan, India, Georgia, Colombia and Pakistan lagged somewhat behind, together accounting for a further 23%.
Kenya, with a CAGR of +119.6%, saw the highest rates of growth with regard to 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 gas supply meter import price stood at $60 per unit in 2022, picking up by 4.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 7.3%. As a result, import price reached the peak level of $71 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($113 per unit), while Pakistan ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Gas Supply Or Production Meters
In 2022, overseas shipments of gas supply or production meters increased by 41% to 15M units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, gas supply meter exports fell slightly to $803M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. The global exports peaked at $872M in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
China was the key exporter of gas supply or production meters in the world, with the volume of exports recording 5.3M units, which was approx. 36% of total exports in 2022. Italy (1,018K units) ranks second in terms of the total exports with a 6.9% share, followed by Germany (6.1%), Thailand (6%), Poland (5.6%) and Turkey (4.9%). Slovakia (596K units), Romania (561K units), Malaysia (550K units), Mexico (484K units), Tunisia (419K units), the United States (298K units) and Russia (294K units) followed a long way behind the leaders.
Exports from China increased at an average annual rate of +8.0% from 2012 to 2022. At the same time, Thailand (+92.4%), Tunisia (+63.8%), Malaysia (+33.3%), Turkey (+20.0%), Russia (+14.8%), Romania (+12.7%), Italy (+10.1%) and Mexico (+7.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +92.4% from 2012-2022. By contrast, Poland (-2.2%), the United States (-5.1%), Germany (-6.1%) and Slovakia (-8.7%) illustrated a downward trend over the same period. China (+12 p.p.), Thailand (+5.9 p.p.), Turkey (+3.8 p.p.), Malaysia (+3.4 p.p.), Italy (+3.2 p.p.), Tunisia (+2.8 p.p.) and Romania (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Poland, Germany and Slovakia saw its share reduced by -2.8%, -4.3%, -10% and -10.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest gas supply meter supplying countries worldwide were Germany ($136M), China ($123M) and Italy ($66M), together accounting for 40% of global exports. The United States, Malaysia, Poland, Slovakia, Romania, Mexico, Tunisia, Turkey, Russia and Thailand lagged somewhat behind, together comprising a further 33%.
In terms of the main exporting countries, Tunisia, with a CAGR of +99.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average gas supply meter export price stood at $54 per unit in 2022, with a decrease of -29.5% against the previous year. Overall, the export price showed a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 23%. As a result, the export price reached the peak level of $77 per unit, and then contracted sharply in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($175 per unit), while Thailand ($4.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+21.6%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global gas supply meter market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26516330 - Gas supply or production meters (including calibrated)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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