Belarus: Electricity Supply Meter Market 2025

Electricity Supply Meter Market Size in Belarus

The Belarusian electricity supply meter market declined significantly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a slight setback. Electricity supply meter consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electricity Supply Meter Production in Belarus

In value terms, electricity supply meter production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electricity Supply Meter Exports

Exports from Belarus

In 2022, shipments abroad of electricity supply or production meters increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electricity supply meter exports totaled $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for electricity supply meter exports from Belarus, with a X% share of total exports. Moreover, electricity supply meter exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for electricity supply or production meters exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average electricity supply meter export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Electricity Supply Meter Imports

Imports into Belarus

In 2022, purchases abroad of electricity supply or production meters decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports showed a noticeable downturn. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electricity supply meter imports reduced modestly to $X in 2022. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X units), China (X units) and Ukraine (X units) were the main suppliers of electricity supply meter imports to Belarus, with a combined X% share of total imports. Italy lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electricity supply meter suppliers to Belarus were Russia ($X), China ($X) and Ukraine ($X), with a combined X% share of total imports. These countries were followed by Italy, which accounted for a further X%.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of 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 average electricity supply meter import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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