Asia-Pacific: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Asia-Pacific

The Asia-Pacific electricity supply meter market reduced to $X in 2023, shrinking by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Electricity Supply Meter Production in Asia-Pacific

In value terms, electricity supply meter production shrank to $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 years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Electricity Supply Meter Exports

Exports in Asia-Pacific

In 2023, overseas shipments of electricity supply or production meters increased by X% to X units, rising for the seventh year in a row after two years of decline. Overall, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, electricity supply meter exports rose markedly to $X in 2023. Total exports indicated a strong expansion from 2012 to 2023: its value 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 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

China dominates exports structure, finishing at X units, which was near X% of total exports in 2023. The following exporters - Singapore (X units) and Thailand (X units) - each finished at a X% share of total exports.

China was also the fastest-growing in terms of the electricity supply or production meters exports, with a CAGR of X% from 2012 to 2023. Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively.

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

In China, electricity supply meter exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Electricity Supply Meter Imports

Imports in Asia-Pacific

Electricity supply meter imports totaled X units in 2023, surging by X% against 2022. Total imports indicated perceptible growth 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. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, electricity supply meter imports expanded modestly to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value 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, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the near future.

Imports by Country

In 2023, Thailand (X units), distantly followed by Bangladesh (X units), Malaysia (X units), Australia (X units), the Philippines (X units) and Singapore (X units) were the largest importers of electricity supply or production meters, together comprising X% of total imports. Nepal (X units), China (X units), Myanmar (X units), Hong Kong SAR (X units), Indonesia (X units), Japan (X units) and South Korea (X units) followed a long way behind the leaders.

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

In value terms, Australia ($X), Singapore ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. China, Malaysia, Hong Kong SAR, Bangladesh, the Philippines, Japan, Indonesia, South Korea, Myanmar and Nepal lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Asia-Pacific amounted to $X per unit, which is down by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 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 China ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform