Hong Kong SAR, China - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of Relay Units in Hong Kong Increases Slightly to $2.2
Hong Kong Relay Export Price in June 2023
In June 2023, the relay price amounted to $2.2 per unit (FOB, Hong Kong), with an increase of 17% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 76% month-to-month. As a result, the export price attained the peak level of $2,205 per thousand units; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2.8 per unit), while the average price for exports to Thailand ($870 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Relay in Hong Kong (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| United States | 2.0 | 1.7 | 2.4 | 2.5 | 1.9 | 2.4 | 1.7 | 1.9 | 2.6 | 2.2 | 3.2 | 1.9 | 2.8 |
| Germany | 2.1 | 1.6 | 1.4 | 1.7 | 1.4 | 1.2 | 1.9 | 2.5 | 2.7 | 1.2 | 1.1 | 1.1 | 2.5 |
| China | 2.4 | 2.2 | 2.3 | 2.7 | 2.2 | 2.3 | 2.8 | 1.2 | 2.6 | 1.0 | 3.1 | 2.7 | 2.5 |
| Taiwan (Chinese) | 1.3 | 1.6 | 1.3 | 2.3 | 1.1 | 1.8 | 1.3 | 1.5 | 1.8 | 1.9 | 1.6 | 1.8 | 2.1 |
| South Korea | 1.6 | 2.3 | 1.6 | 1.7 | 1.5 | 1.3 | 1.5 | 1.3 | 1.3 | 1.2 | 1.3 | 1.1 | 2.1 |
| Singapore | 1.7 | 1.6 | 1.8 | 1.4 | 1.6 | 2.1 | 1.6 | 1.8 | 1.9 | 1.9 | 2.0 | 1.5 | 1.9 |
| Thailand | 1.2 | 1.1 | 1.1 | 1.0 | 1.1 | 1.2 | 1.2 | 1.1 | 1.3 | 1.3 | 1.3 | 1.1 | 0.9 |
| Average | 1.9 | 1.8 | 1.9 | 2.1 | 1.8 | 2.0 | 2.0 | 1.4 | 2.1 | 1.3 | 2.2 | 1.9 | 2.2 |
Hong Kong Relay Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was electrical apparatus ($5.8 per unit), while the average price for exports of electrical apparatus; relays, (for a voltage not exceeding 60 volts) totaled $1.8 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: electrical apparatus; relays, (for a voltage not exceeding 60 volts) (+0.9%).
Hong Kong Relay Exports
For the third consecutive month, Hong Kong recorded decline in shipments abroad of relays, which decreased by -15.7% to 13M units in June 2023. Overall, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in March 2023 with an increase of 113% month-to-month. As a result, the exports attained the peak of 28M units. From April 2023 to June 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, relay exports declined modestly to $27M (IndexBox estimates) in June 2023. In general, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in March 2023 with an increase of 26% month-to-month. The exports peaked at 43M units in June 2022; however, from July 2022 to June 2023, the exports failed to regain momentum.
Hong Kong Relay Exports by Type
Electrical apparatus; relays, (for a voltage not exceeding 60 volts) (11M units) was the largest type of relay exported from Hong Kong, with a 90% share of total exports. Moreover, electrical apparatus; relays, (for a voltage not exceeding 60 volts) exceeded the volume of the second product type, electrical apparatus (1.3M units), ninefold.
From June 2022 to June 2023, the average monthly growth rate of the volume of export of electrical apparatus; relays, (for a voltage not exceeding 60 volts) stood at -5.0%.
In value terms, electrical apparatus; relays, (for a voltage not exceeding 60 volts) ($20M) remains the largest type of relay exported from Hong Kong, comprising 72% of total exports. The second position in the ranking was held by electrical apparatus ($7.6M), with a 28% share of total exports.
From June 2022 to June 2023, the average monthly growth rate of the export volume of electrical apparatus; relays, (for a voltage not exceeding 60 volts) stood at -4.1%.
Hong Kong Relay Exports by Country
China (5.3M units) was the main destination for relay exports from Hong Kong, with a 42% share of total exports. Moreover, relay exports to China exceeded the volume sent to the second major destination, Thailand (1.7M units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (730K units), with a 5.8% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume to China totaled -5.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Thailand (+0.2% per month) and Taiwan (Chinese) (-3.3% per month).
In value terms, China ($13M) remains the key foreign market for relay exports from Hong Kong, comprising 49% of total exports. The second position in the ranking was taken by the United States ($1.8M), with a 6.5% share of total exports. It was followed by Germany, with a 5.8% share.
From June 2022 to June 2023, the average monthly growth rate of value to China amounted to -4.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-3.9% per month) and Germany (+8.0% per month).
This report provides an in-depth analysis of the relay market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
- Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
- Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
