Serbia: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Serbia

The Serbian electricity supply meter market plummeted to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a buoyant expansion. Electricity supply meter consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electricity Supply Meter Production in Serbia

In value terms, electricity supply meter production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to continue growth in years to come.

Electricity Supply Meter Exports

Exports from Serbia

In 2022, shipments abroad of electricity supply or production meters increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, electricity supply meter exports surged to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units), Switzerland (X units) and Bosnia and Herzegovina (X units) were the main destinations of electricity supply meter exports from Serbia, together comprising X% of total exports. Montenegro, the Czech Republic, Bahrain and Slovakia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Switzerland ($X) and the Czech Republic ($X) constituted the largest markets for electricity supply meter exported from Serbia worldwide, with a combined X% share of total exports. Bosnia and Herzegovina, Montenegro, Bahrain and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bahrain, with a CAGR of X.5%, recorded 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

The average electricity supply meter export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, export price indicated a modest increase 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Montenegro ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electricity Supply Meter Imports

Imports into Serbia

In 2022, the amount of electricity supply or production meters imported into Serbia was estimated at X units, with an increase of X% compared with the previous year. Over the period under review, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, electricity supply meter imports stood at $X in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Bosnia and Herzegovina (X units) constituted the largest electricity supply meter supplier to Serbia, with a X% share of total imports. Moreover, electricity supply meter imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

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

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of electricity supply or production meters to Serbia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Bosnia and Herzegovina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Russia (X% per year).

Import Prices by Country

The average electricity supply meter import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for China ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform