Market for Non-Electronic Liquid Or Gas Measurer in China
Market Overview
In 
, the Chinese market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Non-electronic liquid or gas measurer consumption peaked at $ in ; however, from to , consumption remained at a lower figure.
In value terms, non-electronic liquid or gas measurer production amounted to $ in estimated in export price. In general, production showed a strong increase. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in ; however, from to , production failed to regain momentum.
, the Chinese market for non-electronic instruments for measuring or checking variables of liquids or gases decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Non-electronic liquid or gas measurer consumption peaked at $ in ; however, from to , consumption remained at a lower figure.In value terms, non-electronic liquid or gas measurer production amounted to $
in estimated in export price. In general, production showed a strong increase. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in ; however, from to , production failed to regain momentum.Consumption
In , consumption of non-electronic instruments for measuring or checking variables of liquids or gases decreased by -% to units, falling for the second year in a row after nine years of growth. In general, consumption, however, saw a buoyant increase. Non-electronic liquid or gas measurer consumption peaked at units in ; however, from to , consumption failed to regain momentum.
The value of the market for non-electronic instruments for measuring or checking variables of liquids or gases in China fell modestly to $ in , reducing by -% 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). Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.
, consumption of non-electronic instruments for measuring or checking variables of liquids or gases decreased by -% to units, falling for the second year in a row after nine years of growth. In general, consumption, however, saw a buoyant increase. Non-electronic liquid or gas measurer consumption peaked at units in ; however, from to , consumption failed to regain momentum.The value of the market for non-electronic instruments for measuring or checking variables of liquids or gases in China fell modestly to $
in , reducing by -% 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). Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for non-electronic instruments for measuring or checking variables of liquids or gases in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fifteen-year period (from % to %).
% to %).Trade Balance
China remains a net exporter of non-electronic liquid or gas measurer; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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