Latin America and the Caribbean: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Latin America and the Caribbean

In 2022, the Latin American electricity supply meter market decreased by X% to $X, falling for the third consecutive year after five years of growth. The total consumption indicated moderate 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 2019 indices. 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 Latin America and the Caribbean

In value terms, electricity supply meter production declined slightly to $X in 2022 estimated in export price. The total production indicated a moderate 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 2019 indices. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Electricity Supply Meter Exports

Exports in Latin America and the Caribbean

In 2022, the amount of electricity supply or production meters exported in Latin America and the Caribbean was estimated at X units, approximately reflecting the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, electricity supply meter exports declined to $X in 2022. Total exports indicated a noticeable increase 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the electricity supply or production meters exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest electricity supply meter supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, standing approx. at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Electricity Supply Meter Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of electricity supply or production meters increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, electricity supply meter imports skyrocketed to $X in 2022. Total imports indicated a moderate 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, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Colombia (X units), Mexico (X units), Peru (X units), Argentina (X units), Uruguay (X units), Chile (X units), Costa Rica (X units), Guatemala (X units) and Ecuador (X units) represented the main importer of electricity supply or production meters in Latin America and the Caribbean, creating X% of total import. The following importers - Bolivia (X units) and the Dominican Republic (X units) - each recorded a X% share of total imports.

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

In value terms, Mexico ($X) constitutes the largest market for imported electricity supply or production meters in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Mexico, electricity supply meter imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 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 the Dominican Republic ($X per unit), while Peru ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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