U.S.: Totalizing Fluid Meter Market 2024

Totalizing Fluid Meter Market Size in the U.S.

In 2023, the U.S. totalizing fluid meter market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. Totalizing fluid meter consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Totalizing Fluid Meter Production in the U.S.

In value terms, totalizing fluid meter production declined modestly to $X in 2023. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2022, and then declined in the following year.

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Totalizing Fluid Meter Exports

Exports from the U.S.

In 2023, shipments abroad of totalizing fluid meters and counting devices was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, totalizing fluid meter exports expanded rapidly to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for totalizing fluid meter exports from the United States, accounting for a X% share of total exports. Moreover, totalizing fluid meter exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold.

From 2013 to 2023, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the UK (X% per year).

In value terms, the largest markets for totalizing fluid meter exported from the United States were Canada ($X), Mexico ($X) and the UK ($X), together accounting for X% of total exports.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average totalizing fluid meter export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced a decline.

Totalizing Fluid Meter Imports

Imports into the U.S.

In 2023, approx. X tons of totalizing fluid meters and counting devices were imported into the United States; surging by X% compared with 2022 figures. In general, imports showed a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, totalizing fluid meter imports rose notably to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2015; afterwards, it flattened through to 2023.

Imports by Country

In 2023, Mexico (X tons) constituted the largest totalizing fluid meter supplier to the United States, accounting for a X% share of total imports. Moreover, totalizing fluid meter imports from Mexico exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by China (X tons), with an X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from Mexico amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

In value terms, Mexico ($X) constituted the largest supplier of totalizing fluid meters and counting devices to the United States, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2013 to 2023, the average annual growth rate of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average totalizing fluid meter import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform