China: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

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

In 2022, the Chinese market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by X% to $X, falling for the second consecutive year after seven years of growth. Overall, consumption, however, continues to indicate a resilient expansion. Non-electronic liquid or gas measurer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, non-electronic liquid or gas measurer production totaled $X in 2022 estimated in export price. Overall, production showed a prominent increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from China

In 2022, overseas shipments of non-electronic instruments for measuring or checking variables of liquids or gases increased by X% to X units, rising for the sixth year in a row after two years of decline. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, non-electronic liquid or gas measurer exports expanded markedly to $X in 2022. In general, exports showed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), Japan (X units) and Germany (X units) were the main destinations of non-electronic liquid or gas measurer exports from China, with a combined X% share of total exports. South Korea, India, the UK, Iran, Russia, Italy, Hong Kong SAR, Mexico, Denmark and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic liquid or gas measurer exported from China were Germany ($X), the United States ($X) and Japan ($X), together comprising X% of total exports. Hong Kong SAR, India, the UK, Russia, Denmark, Italy, South Korea, Iran, Mexico and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Iran, with a CAGR of X%, saw the highest growth rate of 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

The average export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price saw a notable increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, overseas purchases of non-electronic instruments for measuring or checking variables of liquids or gases decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, non-electronic liquid or gas measurer imports shrank to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Japan (X units), Germany (X units) and the UK (X units) were the main suppliers of non-electronic liquid or gas measurer imports to China, together accounting for X% of total imports. Switzerland, the United States, Vietnam and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electronic liquid or gas measurer suppliers to China were Germany ($X), Japan ($X) and Switzerland ($X), with a combined X% share of total imports. The United States, the UK, South Korea and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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