MENA: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in MENA

The MENA's electricity supply meter market dropped modestly to $X in 2023, waning by X% against the previous year. The total consumption indicated measured 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, consumption increased by X% against 2020 indices. 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 MENA

In value terms, electricity supply meter production expanded modestly to $X in 2023 estimated in export price. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Electricity Supply Meter Exports

Exports in MENA

In 2023, the amount of electricity supply or production meters exported in MENA soared to X units, growing by X% on 2022 figures. Total exports indicated a buoyant expansion 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, 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. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, electricity supply meter exports expanded remarkably to $X in 2023. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Tunisia was the main exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Turkey (X units) and Egypt (X units), together making up a X% share of total exports. The following exporters - Jordan (X units) and the United Arab Emirates (X units) - each accounted for 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, Jordan (X%), the United Arab Emirates (X%), Turkey (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. Turkey (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while Egypt and Tunisia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Tunisia, electricity supply meter exports increased 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: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, waning by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Turkey ($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 MENA

Electricity supply meter imports shrank to X units in 2023, waning by X% on 2022 figures. Overall, imports, however, enjoyed slight growth. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2022, and then contracted in the following year.

In value terms, electricity supply meter imports rose sharply to $X in 2023. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units), Israel (X units), Iran (X units), Iraq (X units) and Oman (X units) represented the major importer of electricity supply or production meters in MENA, mixing up X% of total import. Qatar (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Jordan (X%) and Egypt (X%). The following importers - Bahrain (X units), Morocco (X units), Turkey (X units), Yemen (X units) and Algeria (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Qatar, Jordan, Bahrain, Egypt, Morocco, Turkey, Iraq, Iran, Yemen and Algeria lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bahrain, 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

The import price in MENA stood at $X per unit in 2023, rising by X% against the previous year. Overall, the import price saw temperate growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2023, the import prices remained at a somewhat lower figure.

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 Qatar ($X per unit), while Algeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform