Middle East: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in the Middle East

The Middle Eastern electricity supply meter market fell to $X in 2022, reducing by X% against the previous year. The total consumption indicated prominent 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 attained the peak level at $X in 2021, and then declined in the following year.

Electricity Supply Meter Production in the Middle East

In value terms, electricity supply meter production fell to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Electricity Supply Meter Exports

Exports in the Middle East

In 2022, shipments abroad of electricity supply or production meters decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electricity supply meter exports expanded modestly to $X in 2022. Total exports indicated slight 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, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the major exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Iran (X units), Jordan (X units) and the United Arab Emirates (X units), together committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Jordan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X) remains the largest electricity supply meter supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

In Iran, electricity supply meter exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Export price indicated measured growth 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. Based on 2022 figures, electricity supply meter export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 the Middle East

In 2022, imports of electricity supply or production meters in the Middle East surged to X units, jumping by X% on the previous year. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2020; afterwards, it flattened through to 2022.

In value terms, electricity supply meter imports fell to $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units), Iraq (X units) and Iran (X units) represented the main importer of electricity supply or production meters in the Middle East, making up X% of total import. Israel (X units) took the next position in the ranking, followed by Syrian Arab Republic (X units) and Oman (X units). All these countries together took approx. X% share of total imports. Yemen (X units) held a little share of total imports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

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 Oman ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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