China: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in China

In 2022, the Chinese electricity supply meter market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electricity Supply Meter Production in China

In value terms, electricity supply meter production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. Electricity supply meter production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electricity Supply Meter Exports

Exports from China

In 2022, approx. X units of electricity supply or production meters were exported from China; increasing by X% on 2021. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, electricity supply meter exports rose sharply to $X in 2022. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units), the Philippines (X units) and Germany (X units) were the main destinations of electricity supply meter exports from China, with a combined X% share of total exports. Bangladesh, the UK, Pakistan, Colombia, Thailand, Vietnam, South Korea, Italy, Greece and Peru lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (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 China were Germany ($X), the UK ($X) and Greece ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2022, the average electricity supply meter export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

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

Electricity Supply Meter Imports

Imports into China

In 2022, purchases abroad of electricity supply or production meters decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, electricity supply meter imports surged to $X in 2022. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Vietnam (X units) constituted the largest supplier of electricity supply meter to China, with a X% share of total imports. Moreover, electricity supply meter imports from Vietnam exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).

In value terms, the largest electricity supply meter suppliers to China were Vietnam ($X), India ($X) and Greece ($X), together accounting for X% of total imports.

In terms of the main suppliers, Vietnam, 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, jumping by X% against the previous year. In general, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :