ASEAN: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in ASEAN

The ASEAN liquid supply meter market rose significantly to $X in 2022, with an increase of X% against the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Liquid Supply Meter Production in ASEAN

In value terms, liquid supply meter production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Liquid Supply Meter Exports

Exports in ASEAN

In 2022, liquid supply meter exports in ASEAN expanded to X units, surging by X% compared with the previous year. In general, exports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, liquid supply meter exports amounted to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Indonesia was the largest exporting country with an export of about X units, which finished at X% of total exports. Malaysia (X units) took the second position in the ranking, distantly followed by Thailand (X units) and Vietnam (X units). All these countries together held near X% share of total exports.

Indonesia was also the fastest-growing in terms of the liquid supply or production meters exports, with a CAGR of X% from 2012 to 2022. Thailand experienced a relatively flat trend pattern. Malaysia (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (X p.p.) and Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest liquid supply meter supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Indonesia, liquid supply meter exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports in ASEAN

In 2022, approx. X units of liquid supply or production meters were imported in ASEAN; with a decrease of X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, liquid supply meter imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The purchases of the five major importers of liquid supply or production meters, namely the Philippines, Vietnam, Malaysia, Singapore and Indonesia, represented more than two-thirds of total import. The following importers - Myanmar (X units) and Thailand (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Indonesia, the Philippines, Malaysia and Myanmar lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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