Southern Asia: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Southern Asia

In 2022, the South Asian electricity supply meter market decreased by X% to $X, falling for the third year in a row after eight years of growth. 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 decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electricity Supply Meter Production in Southern Asia

In value terms, electricity supply meter production contracted modestly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2022.

Electricity Supply Meter Exports

Exports in Southern Asia

In 2022, approx. X units of electricity supply or production meters were exported in Southern Asia; shrinking by X% against the year before. In general, exports, however, posted moderate growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electricity supply meter exports reduced notably to $X in 2022. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of electricity supply or production meters, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the electricity supply or production meters exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest electricity supply meter supplier in Southern Asia.

In India, electricity supply meter exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, declining by X% against the previous year. Overall, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Electricity Supply Meter Imports

Imports in Southern Asia

For the third year in a row, Southern Asia recorded decline in purchases abroad of electricity supply or production meters, which decreased by X% to X units in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, electricity supply meter imports amounted to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh represented the largest importer of electricity supply or production meters in Southern Asia, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Nepal (X units) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%) and Afghanistan (X%). India (X units) took a relatively small share of total imports.

Bangladesh was also the fastest-growing in terms of the electricity supply or production meters imports, with a CAGR of X% from 2012 to 2022. At the same time, Nepal (X%), India (X%) and Afghanistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.) and Nepal (X p.p.) significantly strengthened its position in terms of the total imports, while Afghanistan and Sri Lanka saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported electricity supply or production meters in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh stood at X%. In the other countries, the average annual rates were as follows: Nepal (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, 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 India ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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