Southern Asia: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Southern Asia

The South Asian electricity supply meter market expanded to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a remarkable increase 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, consumption increased by X% against 2012 indices. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Electricity Supply Meter Production in Southern Asia

In value terms, electricity supply meter production amounted to $X in 2023 estimated in export price. The total production indicated buoyant growth 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

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Electricity Supply Meter Exports

Exports in Southern Asia

In 2023, the amount of electricity supply or production meters exported in Southern Asia contracted rapidly to X units, reducing by X% on the year before. Over the period under review, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. 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 surged to $X in 2023. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of electricity supply or production meters, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the electricity supply or production meters exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest electricity supply meter supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India stood at X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a abrupt contraction. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Electricity Supply Meter Imports

Imports in Southern Asia

In 2023, the amount of electricity supply or production meters imported in Southern Asia contracted to X units, with a decrease of X% against the year before. In general, imports, however, posted prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, electricity supply meter imports shrank modestly to $X in 2023. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Bangladesh (X units) was the largest importer of electricity supply or production meters, achieving X% of total imports. Nepal (X units) ranks second in terms of the total imports with a X% share, followed by Afghanistan (X%) and Sri Lanka (X%). India (X units) and Pakistan (X units) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the electricity supply or production meters imports, with a CAGR of X% from 2012 to 2023. At the same time, Nepal (X%), India (X%) and Pakistan (X%) displayed positive paces of growth. Afghanistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of Bangladesh (X p.p.) and Nepal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Pakistan (X p.p.), Afghanistan (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported electricity supply or production meters in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

In Bangladesh, electricity supply meter imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood 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 India ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform