Malaysia: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Malaysia

The Malaysian electricity supply meter market reduced to $X in 2023, which is down by X% against the previous year. Overall, consumption, however, posted a resilient increase. 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 Malaysia

In value terms, electricity supply meter production dropped to $X in 2023 estimated in export price. Overall, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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Electricity Supply Meter Exports

Exports from Malaysia

In 2023, shipments abroad of electricity supply or production meters increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted a noticeable expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, electricity supply meter exports soared to $X in 2023. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for electricity supply meter exports from Malaysia, with a X% share of total exports. It was followed by the UK (X units), with a X% share of total exports. The third position in this ranking was held by Cambodia (X units), with less than X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Cambodia (X% per year).

In value terms, Singapore ($X) remains the key foreign market for electricity supply or production meters exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with less than X% share of total exports. It was followed by Cambodia, with less than X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Cambodia (X% per year).

Export Prices by Country

The average electricity supply meter export price stood at $X per unit in 2023, almost unchanged from the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to the UK ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electricity Supply Meter Imports

Imports into Malaysia

In 2023, the amount of electricity supply or production meters imported into Malaysia surged to X units, increasing by X% against 2022 figures. In general, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, electricity supply meter imports rose sharply to $X in 2023. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest electricity supply meter supplier to Malaysia, with a X% share of total imports. Moreover, electricity supply meter imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of electricity supply or production meters to Malaysia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

Import Prices by Country

The average electricity supply meter import price stood at $X per unit in 2023, dropping by X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2023: its price 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 most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per unit in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform