United Kingdom: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in the UK

In 2022, the UK gas supply meter market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a temperate expansion 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, consumption increased by X% against 2018 indices. Gas supply meter consumption peaked at $X in 2021, and then contracted in the following year.

Gas Supply Meter Production in the UK

In value terms, gas supply meter production reached $X in 2022 estimated in export price. The total output value 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 most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Gas Supply Meter Exports

Exports from the UK

In 2022, approx. X units of gas supply or production meters were exported from the UK; approximately equating the year before. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, gas supply meter exports declined modestly to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Ireland (X units) and the United States (X units) were the main destinations of gas supply meter exports from the UK, with a combined X% share of total exports. Greece, France, South Korea and Germany lagged somewhat behind, together comprising 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 France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gas supply meter exported from the UK were Ireland ($X), the Netherlands ($X) and Greece ($X), with a combined X% share of total exports. The United States, South Korea, France and Germany lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gas supply meter export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 South Korea ($X per unit), while the average price for exports to the Netherlands ($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 France (X%), while the prices for the other major destinations experienced a decline.

Gas Supply Meter Imports

Imports into the UK

In 2022, overseas purchases of gas supply or production meters decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, gas supply meter imports soared to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Greece (X units), Malaysia (X units) and China (X units) were the main suppliers of gas supply meter imports to the UK, with a combined X% share of total imports.

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

In value terms, Malaysia ($X), Greece ($X) and China ($X) were the largest gas supply meter suppliers to the UK, with a combined X% share of total imports.

In terms of the main suppliers, Greece, with a CAGR of X%, saw 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 gas supply meter import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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