China - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in China - 2023
Contents:
- Relay Price in China (FOB) - 2023
- Relay Price in China (CIF) - 2023
- Relay Exports in China
- Relay Imports in China
Relay Price in China (FOB) - 2023
The average relay export price stood at $673 per thousand units in September 2023, with an increase of 2% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 16% m-o-m. Over the period under review, the average export prices attained the maximum at $717 per thousand units in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Russia ($1.5 per unit), while the average price for exports to the Netherlands ($397 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Price in China (CIF) - 2023
In September 2023, the average relay import price amounted to $469 per thousand units, with an increase of 3.3% against the previous month. In general, the import price, however, showed a perceptible decrease. The pace of growth was the most pronounced in February 2023 when the average import price increased by 75% against the previous month. As a result, import price reached the peak level of $0.9 per unit. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1.5 per unit), while the price for Japan ($230 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Exports in China
In 2022, the amount of relays exported from China skyrocketed to 2.4B units, jumping by 61% against the year before. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, relay exports totaled $1.9B in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Relay in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 136 | 139 | 242 | 298 | 29.9% |
| United States | 197 | 165 | 201 | 257 | 9.3% |
| Japan | 164 | 139 | 165 | 157 | -1.4% |
| South Korea | 61.1 | 69.7 | 94.1 | 93.9 | 15.4% |
| India | 49.7 | 45.2 | 63.3 | 84.4 | 19.3% |
| Mexico | 62.7 | 56.7 | 79.1 | 80.8 | 8.8% |
| Singapore | 36.4 | 38.4 | 49.0 | 58.1 | 16.9% |
| Brazil | 26.2 | 26.3 | 44.4 | 48.5 | 22.8% |
| Thailand | 32.5 | 34.3 | 45.5 | 40.6 | 7.7% |
| Turkey | 14.9 | 18.1 | 33.6 | 37.3 | 35.8% |
| Vietnam | 15.1 | 19.6 | 30.2 | 32.6 | 29.2% |
| Malaysia | 21.2 | 22.3 | 22.7 | 27.6 | 9.2% |
| Hong Kong SAR | 188 | N/A | N/A | N/A | 0% |
| Others | 275 | 503 | 649 | 675 | 34.9% |
| Total | 1,280 | 1,276 | 1,718 | 1,890 | 13.9% |
Top Export Markets for Relay from China in 2022:
- United States (299.3M units)
- Japan (295.4M units)
- Germany (228.8M units)
- South Korea (176.5M units)
- India (119.3M units)
- Brazil (98.8M units)
- Mexico (84.5M units)
- Vietnam (58.1M units)
- Singapore (50.5M units)
- Thailand (44.4M units)
- Turkey (37.0M units)
- Malaysia (35.5M units)
Relay Imports in China
In 2022, supplies from abroad of relays increased by 22% to 413M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, relay imports rose notably to $1B in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Relay in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 273 | 307 | 413 | 385 | 12.1% |
| Germany | 84.2 | 69.5 | 81.6 | 95.3 | 4.2% |
| South Korea | 53.3 | 45.7 | 49.8 | 66.1 | 7.4% |
| Indonesia | 28.1 | 20.9 | 29.2 | 41.3 | 13.7% |
| Thailand | 28.8 | 24.9 | 34.4 | 38.2 | 9.9% |
| Philippines | 29.8 | 24.2 | 30.3 | 31.5 | 1.9% |
| Malaysia | 23.3 | 20.4 | 26.4 | 29.0 | 7.6% |
| Portugal | 24.3 | 18.2 | 23.4 | 19.7 | -6.8% |
| Vietnam | 17.2 | 16.9 | 18.9 | 18.7 | 2.8% |
| Others | 259 | 212 | 271 | 304 | 5.5% |
| Total | 822 | 759 | 978 | 1,029 | 7.8% |
Top Suppliers of Relay to China in 2022:
- Japan (158.4M units)
- South Korea (38.6M units)
- Thailand (36.7M units)
- Malaysia (26.8M units)
- Vietnam (24.3M units)
- Indonesia (18.5M units)
- Philippines (12.5M units)
- Germany (10.7M units)
- Portugal (9.0M units)
This report provides an in-depth analysis of the relay market in 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in 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
-
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
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