CIS: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in CIS

The CIS electricity supply meter market surged to $X in 2022, rising by X% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Electricity Supply Meter Production in CIS

In value terms, electricity supply meter production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Electricity Supply Meter Exports

Exports in CIS

In 2022, shipments abroad of electricity supply or production meters decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, electricity supply meter exports dropped remarkably to $X in 2022. Over the period under review, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X units) was the largest exporter of electricity supply or production meters, committing X% of total exports. Moldova (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (X%).

Russia experienced a relatively flat trend pattern with regard to volume of exports of electricity supply or production meters. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Moldova (X%) illustrated a downward trend over the same period. Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia and Moldova saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X), Moldova ($X) and Belarus ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Belarus, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, reducing by X% against the previous year. Overall, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Electricity Supply Meter Imports

Imports in CIS

In 2022, approx. X units of electricity supply or production meters were imported in the CIS; which is down by X% on the year before. In general, imports showed a slight reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electricity supply meter imports declined significantly to $X in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia represented the major importer of electricity supply or production meters in the CIS, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Kazakhstan (X units) took the second position in the ranking, followed by Azerbaijan (X units), Kyrgyzstan (X units), Tajikistan (X units) and Moldova (X units). All these countries together took approx. X% share of total imports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electricity supply meter imports into Russia stood at X%. At the same time, Tajikistan (X%), Kyrgyzstan (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Moldova (X%), Kazakhstan (X%) and Belarus (X%) illustrated a downward trend over the same period. While the share of Azerbaijan (X p.p.), Kyrgyzstan (X p.p.) and Tajikistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, electricity supply meter imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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