Africa: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Africa

In 2023, the African electricity supply meter market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Electricity Supply Meter Production in Africa

In value terms, electricity supply meter production totaled $X in 2023 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Electricity Supply Meter Exports

Exports in Africa

Electricity supply meter exports expanded remarkably to X units in 2023, surging by X% compared with the previous year's figure. Total exports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, electricity supply meter exports rose notably to $X in 2023. Total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Tunisia (X units) was the largest exporter of electricity supply or production meters, comprising X% of total exports. It was distantly followed by Egypt (X units) and South Africa (X units), together committing a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to electricity supply meter exports from Tunisia stood at X%. At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Tunisia and Egypt increased by X and X percentage points, respectively.

In value terms, Tunisia ($X) remains the largest electricity supply meter supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports.

In Tunisia, electricity supply meter exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Egypt (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced a decline in the export price figures.

Electricity Supply Meter Imports

Imports in Africa

In 2023, after two years of growth, there was decline in supplies from abroad of electricity supply or production meters, when their volume decreased by X% to X units. Total imports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, electricity supply meter imports contracted modestly to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the seven major importers of electricity supply or production meters, namely South Africa, Tanzania, Mozambique, Ghana, Kenya, Cameroon and Cote d'Ivoire, represented more than two-thirds of total import. The following importers - Benin (X units), Uganda (X units), Egypt (X units), Senegal (X units), Sudan (X units) and Morocco (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electricity supply meter importing markets in Africa were Tanzania ($X), Mozambique ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. South Africa, Cameroon, Ghana, Benin, Kenya, Egypt, Uganda, Morocco, Senegal and Sudan lagged somewhat behind, together comprising a further X%.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, remaining stable against the previous year. Overall, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Morocco ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform