U.S.: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in the U.S.

The U.S. electricity supply meter market expanded rapidly to $X in 2023, rising by X% against the previous year. In general, consumption enjoyed strong growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Electricity Supply Meter Production in the U.S.

In value terms, electricity supply meter production rose slightly to $X in 2023. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level 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 the U.S.

In 2023, electricity supply meter exports from the United States skyrocketed to X units, picking up by X% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, electricity supply meter exports soared to $X in 2023. In general, exports, however, showed a perceptible descent. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Costa Rica (X units) were the main destinations of electricity supply meter exports from the United States, with a combined X% share of total exports. Jamaica, the Philippines and the Dominican Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Jamaica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electricity supply meter exported from the United States were Canada ($X), Mexico ($X) and Costa Rica ($X), together comprising X% of total exports. The Philippines, Jamaica and the Dominican Republic lagged somewhat behind, together comprising a further X%.

Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average electricity supply meter export price amounted to $X per unit, surging by X% against the previous year. In general, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Jamaica ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electricity Supply Meter Imports

Imports into the U.S.

In 2023, overseas purchases of electricity supply or production meters increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated strong growth from 2012 to 2023: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electricity supply meter imports skyrocketed to $X in 2023. In general, total imports 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, imports increased by X% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Mexico (X units) was the main electricity supply meter supplier to the United States, with a X% share of total imports. It was followed by China (X units), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from Mexico stood at X%.

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

From 2012 to 2023, the average annual growth rate of value from Mexico amounted to X%.

Import Prices by Country

The average electricity supply meter import price stood at $X per unit in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2023, the average import prices failed to regain momentum.

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 Mexico ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Source: IndexBox Platform