MENA: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in MENA

The MENA's electricity supply meter market reduced modestly to $X in 2022, which is down by X% against the previous year. The total consumption indicated strong 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 increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electricity Supply Meter Production in MENA

In value terms, electricity supply meter production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Electricity Supply Meter Exports

Exports in MENA

Electricity supply meter exports shrank to X units in 2022, falling by X% compared with 2021. Total exports indicated a perceptible increase from 2012 to 2022: its volume 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, electricity supply meter exports rose remarkably to $X in 2022. Overall, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tunisia represented the key exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Egypt (X units), Turkey (X units) and Iran (X units), together achieving a X% share of total exports. Jordan (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electricity supply meter exports from Tunisia stood at X%. At the same time, Jordan (X%), Turkey (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. Tunisia (X p.p.), Turkey (X p.p.) and Jordan (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest electricity supply meter supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Tunisia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Iran (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, picking up by X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Iran ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Electricity Supply Meter Imports

Imports in MENA

In 2022, supplies from abroad of electricity supply or production meters was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electricity supply meter imports fell to $X in 2022. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of electricity supply or production meters, namely the United Arab Emirates, Iraq and Iran, represented more than half of total import. Israel (X units) held the next position in the ranking, followed by Syrian Arab Republic (X units) and Oman (X units). All these countries together held near X% share of total imports. Yemen (X units), Jordan (X units), Bahrain (X units), Egypt (X units), Turkey (X units), Morocco (X units) and Qatar (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electricity supply or production meters in MENA, comprising X% of total imports. The second position in the ranking was taken by Israel ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and Bahrain (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform