Relay Market

Relay market: enjoy the most recent facts and figures featured by an Ai-driven market research tool. Statistics contain market prices, companies, trade, market size, consumption, production, imports, and exports. There is a split by country, including the Middle East, Russia, Latin America, China, the U.K., Africa, EU, and the U.S. Market dynamics and outlook to 2030 are also featured in the dashboards.


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Relay - World's Largest Markets

RatingCountry
1United States
2China
3Indonesia
4Germany
5India

In value terms, the United States led the market, alone. The second position in the ranking was occupied by China. It was followed by Indonesia.

In the United States, the relay market increased at an average annual rate of +3.5% over the period from 2019-2021. In the other countries, the average annual rates were as follows: China (-10.5% per year) and Indonesia (-9.1% per year).

Relay Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Mexico28406277986830-51.0%
Austria454322396812653-47.2%
China283413708222482-10.9%
Malaysia535472558130145-25.0%
Hong Kong SAR532324745535750-18.0%
Spain697026903037485-26.7%
Indonesia432723305837577-6.8%
Portugal3492737899393966.2%
United States577265428244578-12.1%
France36233490155102018.7%
Czech Republic41317510245621216.6%
Japan6556069024690122.6%
Germany6925572020776855.9%
Average459134783538730-8.2%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($77,685 per ton), while Mexico ($6,830 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
China6045364019621721.4%
Germany5042157931589968.2%
Hong Kong SAR540054483644753-9.0%
Italy480894566744467-3.8%
Spain3883045099436356.0%
Netherlands598605565741255-17.0%
Czech Republic494963182939758-10.4%
Turkey363513914436266-0.1%
Russia305452883329758-1.3%
Mexico284332542127237-2.1%
Singapore398922620326813-18.0%
United States646132365524052-39.0%
Hungary155571485715406-0.5%
Average443323821538881-6.3%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($62,172 per ton), while Hungary ($15,406 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Relay - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States10.81.11.8%
Germany0.90.8110.3%
China0.80.80.8-0.4%
Mexico0.60.50.63.6%
Hong Kong SAR0.30.40.411.8%

In value terms, the largest relay importing markets worldwide were the United States ($1.1B), Germany ($1B) and China ($816M), together accounting for 29% of global imports. Mexico, Hong Kong SAR, Italy, the Netherlands, the Czech Republic, Spain, Turkey, Russia, Hungary and Singapore lagged somewhat behind, together comprising a further 30%.

In terms of the main importing countries, Turkey saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Relay - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
China1.31.71.612.0%
Germany1.31.21.57.3%
Japan0.70.70.88.1%
United States0.90.80.8-7.2%
France0.60.60.62.3%

In value terms, China ($1.6B), Germany ($1.5B) and Japan ($844M) constituted the countries with the highest levels of exports in 2021, with a combined 39% share of global exports. These countries were followed by the United States, France, Hong Kong SAR, the Czech Republic, Spain, Portugal, Indonesia, Mexico, Malaysia and Austria, which together accounted for a further 34%.

Spain recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Relay - Market Forecast

Driven by rising demand for relay worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Relay - Top Companies

Ape Indústria e Comércio Ltda, Huba Control AG, PANASONIC CORPORATION, PILOT INDUSTRIES LIMITED, Qilixin Electronic (Henan) Co.,Ltd., Saia-Burgess Controls AG, SUMITOMO ELECTRIC INDUSTRIES, LTD., Uster Technologies AG, Lear Corporation, Thermo Fisher Scientific (Ecublens) SARL, Jaquet Technology Group AG, KOITO MANUFACTURING CO., LTD., Eaton Corporation, AVIC Electromechanical System Co., Ltd., Rockwell Automation, Inc., Rockwell Automation, Inc., TOKAI RIKA CO., LTD., STANLEY ELECTRIC CO.,LTD., Siemens Industry, Inc., CHAOWEI POWER HOLDINGS LIMITED

Relay - Product Coverage

  • HS 853641 - Electrical apparatus; relays, (for a voltage not exceeding 60 volts)
  • HS 853649 - Electrical apparatus; relays, for a voltage exceeding 60 volts
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World - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global relay market.

Africa - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Africa.

Australia and Oceania - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Australia and Oceania.

Middle East - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in the Middle East.

Latin America and the Caribbean - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Latin America and the Caribbean.

Eastern Asia - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Eastern Asia.

South-Eastern Asia - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in South-Eastern Asia.

Southern Asia - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Southern Asia.

Central Asia - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Central Asia.

Northern America - Relays - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the relay market in Northern America.

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