Report Update: Apr 6, 2024

Venezuela - Electricity Supply Or Production Meters - Market Analysis, Forecast, Size, Trends And Insights

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Electricity Supply Meter Price in Venezuela - 2022

Electricity Supply Meter Price in Venezuela (CIF) - 2022

The average electricity supply meter import price stood at $23 per unit in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 43% against the previous year. The import price peaked at $74 per unit in 2013; however, from 2014 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 ($633 per unit), while the price for Argentina ($5.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Electricity Supply Meter Price in Venezuela (FOB) - 2022

In 2022, the average electricity supply meter export price amounted to $27 per unit, surging by 6.2% against the previous year. In general, the export price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 30%. The export price peaked at $81 per unit in 2013; however, from 2014 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 Panama ($57 per unit), while the average price for exports to Spain ($17 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 the United States (+8.2%), while the prices for the other major destinations experienced a decline.

Electricity Supply Meter Imports in Venezuela

After three years of growth, purchases abroad of electricity supply or production meters decreased by -31% to 3K units in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 172% against the previous year. Imports peaked at 4.4K units in 2021, and then shrank notably in the following year.

In value terms, electricity supply meter imports shrank markedly to $71K in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 81%. Over the period under review, imports attained the maximum at $103K in 2021, and then contracted dramatically in the following year.

Import of Electricity Supply Meter in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	9.0	19.8	31.7	24.8	40.2%
Argentina	9.4	16.3	20.6	12.8	10.8%
Mexico	2.6	5.8	9.5	7.6	43.0%
Germany	3.3	5.9	7.7	4.9	14.1%
Others	14.8	23.0	33.1	20.4	11.3%
Total	39.0	70.8	103	70.6	21.9%

Top Suppliers of Electricity Supply Meter to Venezuela in 2022:

Argentina (2455.0 units)
Italy (293.0 units)
Mexico (90.0 units)
Germany (58.0 units)

Electricity Supply Meter Exports in Venezuela

In 2022, overseas shipments of electricity supply or production meters decreased by -16.3% to 36 units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 43%. As a result, the exports attained the peak of 53 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, electricity supply meter exports fell to $971 in 2022. Overall, exports showed a deep setback. The smallest decline of -10.9% was in 2021. The exports peaked at $1.5K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Electricity Supply Meter in Venezuela (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,298	1,042	999	897	-11.6%
Panama	124	87.0	73.0	57.0	-22.8%
Spain	29.0	22.0	20.0	17.0	-16.3%
Chile	N/A	74.0	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	1,451	1,225	1,092	971	-12.5%

Top Export Markets for Electricity Supply Meter from Venezuela in 2022:

United States (34.0 units)
Panama (1.0 units)
Spain (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electricity supply meter market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26516370 - Electricity supply or production meters (including calibrated) (excluding voltmeters, ammeters, wattmeters and the like)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023