Japan - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Japan - 2023
Contents:
- Relay Price in Japan (FOB) - 2023
- Relay Price in Japan (CIF) - 2023
- Relay Exports in Japan
- Relay Imports in Japan
Relay Price in Japan (FOB) - 2023
The average relay export price stood at $1.7 per unit in September 2023, reducing by -6.3% against the previous month. Over the period under review, the export price saw a mild decline. The most prominent rate of growth was recorded in December 2022 an increase of 6.1% m-o-m. As a result, the export price reached the peak level of $2.0 per unit. From January 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Hong Kong SAR ($3.0 per unit), while the average price for exports to Mexico ($1.0 per unit) 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 the Netherlands (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Price in Japan (CIF) - 2023
The average relay import price stood at $1.8 per unit in September 2023, picking up by 5.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 12% m-o-m. Over the period under review, average import prices reached the maximum at $2.0 per unit in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Taiwan (Chinese) ($4.1 per unit), while the price for Thailand ($1.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Exports in Japan
In 2022, approx. 399M units of relays were exported from Japan; declining by -5.6% against the previous year. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of 423M units, and then reduced in the following year.
In value terms, relay exports dropped to $768M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of $844M, and then reduced in the following year.
| Export of Relay in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 170 | 180 | 211 | 162 | -1.6% |
| United States | 119 | 107 | 130 | 131 | 3.3% |
| South Korea | 71.0 | 73.0 | 104 | 92.9 | 9.4% |
| Germany | 46.7 | 54.5 | 80.3 | 75.7 | 17.5% |
| Hong Kong SAR | 55.3 | 53.0 | 64.9 | 58.1 | 1.7% |
| Thailand | 51.0 | 37.1 | 50.3 | 45.4 | -3.8% |
| Taiwan (Chinese) | 27.3 | 32.2 | 38.9 | 35.8 | 9.5% |
| Netherlands | 28.5 | 23.4 | 27.6 | 25.1 | -4.1% |
| Indonesia | 18.1 | 10.4 | 13.5 | 13.6 | -9.1% |
| Vietnam | 13.9 | 10.8 | 12.8 | 12.9 | -2.5% |
| India | 6.8 | 6.1 | 8.7 | 11.0 | 17.4% |
| Mexico | 10.3 | 8.9 | 12.6 | 10.4 | 0.3% |
| Brazil | 7.6 | 4.9 | 8.2 | 8.3 | 3.0% |
| Others | 96.5 | 76.2 | 81.7 | 85.4 | -4.0% |
| Total | 722 | 678 | 844 | 768 | 2.1% |
Top Export Markets for Relay from Japan in 2022:
- China (81.8M units)
- South Korea (66.1M units)
- Germany (58.1M units)
- United States (47.8M units)
- Thailand (32.2M units)
- Hong Kong SAR (18.3M units)
- Netherlands (9.3M units)
- India (9.3M units)
- Taiwan (Chinese) (8.9M units)
- Indonesia (8.7M units)
- Mexico (8.1M units)
- Vietnam (7.8M units)
- Brazil (7.0M units)
Relay Imports in Japan
In 2022, the amount of relays imported into Japan expanded remarkably to 170M units, with an increase of 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, relay imports stood at $291M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Relay in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 129 | 118 | 142 | 155 | 6.3% |
| Malaysia | 13.5 | 14.0 | 17.5 | 22.0 | 17.7% |
| Thailand | 11.2 | 10.6 | 13.2 | 17.4 | 15.8% |
| Taiwan (Chinese) | 12.9 | 14.4 | 15.7 | 15.3 | 5.9% |
| Indonesia | 7.5 | 5.9 | 10.2 | 14.8 | 25.4% |
| Vietnam | 5.7 | 4.3 | 8.3 | 11.8 | 27.4% |
| Others | 53.2 | 43.8 | 52.9 | 54.9 | 1.1% |
| Total | 233 | 211 | 260 | 291 | 7.7% |
Top Suppliers of Relay to Japan in 2022:
- China (100.8M units)
- Thailand (17.3M units)
- Malaysia (13.6M units)
- Indonesia (12.7M units)
- Vietnam (12.5M units)
- Taiwan (Chinese) (2.8M units)
This report provides an in-depth analysis of the relay market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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