Bahrain: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Bahrain

After three years of growth, the Bahraini electricity supply meter market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a significant increase. Electricity supply meter consumption peaked at $X in 2022, and then dropped significantly in the following year.

Electricity Supply Meter Exports

Exports from Bahrain

In 2023, shipments abroad of electricity supply or production meters was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. In general, exports posted significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, electricity supply meter exports expanded notably to $X in 2023. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Oman (X units) was the main destination for electricity supply meter exports from Bahrain, with a X% share of total exports. It was followed by Kuwait (X units), with a X% share of total exports. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

In value terms, Oman ($X) remains the key foreign market for electricity supply or production meters exports from Bahrain, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Oman amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average electricity supply meter export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electricity Supply Meter Imports

Imports into Bahrain

After three years of growth, purchases abroad of electricity supply or production meters decreased by X% to X units in 2023. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2022, and then dropped markedly in the following year.

In value terms, electricity supply meter imports declined dramatically to $X in 2023. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then declined remarkably in the following year.

Imports by Country

In 2023, Slovenia (X units) constituted the largest supplier of electricity supply meter to Bahrain, with a X% share of total imports. Moreover, electricity supply meter imports from Slovenia exceeded the figures recorded by the second-largest supplier, Greece (X units), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Slovenia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Serbia (X% per year).

In value terms, Slovenia ($X) constituted the largest supplier of electricity supply or production meters to Bahrain, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Slovenia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Serbia (X% per year).

Import Prices by Country

The average electricity supply meter import price stood at $X per unit in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Serbia ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform