Liquid meters market in Spain

Earlier Report Observations

From 2018 to 2020, the Spanish liquid meters market experienced fluctuations, with physical volume dropping to 2 089 thousand units in 2019 before recovering to 2 692 thousand units in 2020. The market value followed a similar pattern, falling to 54 619 thousand USD in 2019 and rising to 60 770 thousand USD in 2020.

A significant expansion occurred in 2021, with market volume reaching 3 550 thousand units and value climbing to 74 852 thousand USD. This surge coincided with Emerson Electric Co.'s launch of the Coriolis Micro Motion 4200 meter, a two-wire device designed for precise measurement in liquids and gases, which broadened the technological offering for Spain's oil and gas sector. In the following years, physical volume declined while market value continued to grow, reaching 99 943 thousand USD in 2023, indicating a shift toward higher-value products. The persistent effects of the COVID-19 pandemic during this period disrupted supply chains for liquid density meters, likely constraining physical availability.

The market rebounded in 2024 to 3 032 thousand units in volume and 115 455 thousand USD in value. Regulatory changes in Spain and the European Union promoting smart meters and advanced metering infrastructure for energy efficiency drove modernization demand. Concurrently, Emerson introduced the enhanced Micro Motion Premium Core Flow Meter, and sustained demand from industries like oil and gas, water treatment, and pharmaceuticals supported growth, even amidst challenges like a shortage of qualified technicians and global supply chain issues.

Production liquid meters in Spain

In value, 2017-2020, K $ US

In Spain, the output of liquid meters was valued at 32 958 K $ US in 2020, marking a substantial year-over-year increase of 15.5%. Over the period from 2017 to 2020, production grew by 26.4%, which translates to an annualized rate of 8.1%. The largest increase occurred in 2018 at 22.1%, while the most significant decline was recorded in 2019 at 10.4%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

The market exhibited volatility throughout the observed period. Production reached its lowest point in 2019 at 838 K units, then surged to a peak in 2020 with 1 592 K units produced in Spain, representing an 89.9% increase compared to the previous year. The difference between these years was 1.9 times. The largest decline was recorded in 2019 at 21.0%.

Annual dynamics of production in Spain in kind, 2017-2020, K unit

Exports liquid meters from Spain

Exports in kind, K unit

Market performance showed noticeable fluctuations during this period. Export volumes varied 2.3 times from the low in 2017 to the high in 2018. In 2020, Spain exported 367 K units of liquid meters, a slight increase of 1.9% compared to the previous year. The maximum value was recorded in 2018 at 598 K units. The largest increase occurred in 2018 at 129.4%, while the most significant decline was in 2019 at 39.8%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, K unit

Data from 2017 to 2020 indicate that Spain's exports of liquid meters in kind were not concentrated on a few key destinations. France accounted for 16.1% of exports in kind, Colombia for 13.5%, and Peru for 12.1%, with these three countries jointly representing only 41.7% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

Liquid meter volumes leaving Spain declined for the second consecutive year. In 2020, exports amounted to 7 910 K $ US, which is 12.9% less compared to 2019. Over the period from 2017 to 2020, exports increased by 17.8%, equating to an annualized rate of 5.6%. The maximum value was recorded in 2018 at 9 178 K $ US, with the largest increase that year at 36.7%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, the geographical structure of exports in value terms was highly diversified. Peru accounted for 15.6% of exports in value terms, Colombia for 13.7%, and Mexico for 9.3%, with these three countries together representing only 38.5% of total flows. The remaining 61.5% was distributed among numerous smaller partner countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports liquid meters to Spain

Imports in kind, K unit

Liquid meter volumes imported by Spain declined for the third consecutive year. In 2020, imports amounted to 1 467 K units, representing a limited year-over-year decrease of 8.9%. Over the period from 2017 to 2020, imports decreased by 21.1%, which translates to an annualized rate of 7.6%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, K unit

From 2017 to 2020, France, Italy, and Portugal remained the principal suppliers of liquid meters to Spain in kind. France accounted for 35.9% of imports in kind, Italy for 19.2%, and Portugal for 12.0%, with these three countries jointly representing 67.1% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

After two years of decline, Spain's imports of liquid meters increased. In 2020, Spain imported 35 722 K $ US of liquid meters, corresponding to a gain of 1.6% compared to 2019. Over the period from 2017 to 2020, imports decreased by 20.1%, with a compound annual growth rate of 7.2%. The minimum value was recorded in 2019 at 35 161 K $ US, and the largest decline occurred that year at 19.2%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, France, Italy, and China continued to be the main suppliers of liquid meters to Spain in value terms. France accounted for 38.2% of imports in value terms, Italy for 21.7%, and China for 9.8%, with these three countries jointly forming 69.7% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020