Singapore: Electricity Supply Meter Market 2025

Electricity Supply Meter Market Size in Singapore

The Singaporean electricity supply meter market reduced dramatically to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a sharp contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Electricity Supply Meter Production in Singapore

In value terms, electricity supply meter production surged to $X in 2022 estimated in export price. Over the period under review, production showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Electricity Supply Meter Exports

Exports from Singapore

After three years of decline, shipments abroad of electricity supply or production meters increased by X% to X units in 2022. Overall, exports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electricity supply meter exports soared to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Australia (X units) and New Zealand (X units) were the main destinations of electricity supply meter exports from Singapore, with a combined X% share of total exports. The UK, Hong Kong SAR, Indonesia, Thailand, South Africa, the Philippines and Egypt lagged somewhat behind, together accounting for a further X%.

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

In value terms, Australia ($X) remains the key foreign market for electricity supply or production meters exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the average electricity supply meter export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated slight 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 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Malaysia ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electricity Supply Meter Imports

Imports into Singapore

In 2022, after two years of decline, there was growth in supplies from abroad of electricity supply or production meters, when their volume increased by X% to X units. In general, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electricity supply meter imports soared to $X in 2022. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) constituted the largest supplier of electricity supply meter to Singapore, accounting for a X% share of total imports. Moreover, electricity supply meter imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. India (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

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

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

Import Prices by Country

The average electricity supply meter import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, import price indicated a buoyant 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. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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