Philippines - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in the Philippines - 2023
Contents:
- Relay Price in the Philippines (FOB) - 2023
- Relay Price in the Philippines (CIF) - 2023
- Relay Exports in the Philippines
- Relay Imports in the Philippines
Relay Price in the Philippines (FOB) - 2023
The average relay export price stood at $2.9 per unit in July 2023, with a decrease of -5.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 21% month-to-month. As a result, the export price attained the peak level of $3.1 per unit, and then reduced in the following month.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Malaysia ($7.1 per unit), while the average price for exports to Hong Kong SAR ($2.2 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Price in the Philippines (CIF) - 2023
In July 2023, the average relay import price amounted to $4.3 per unit, picking up by 6.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 25% m-o-m. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($6.4 per unit), while the price for Mexico ($2.9 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Exports in the Philippines
In 2022, approx. 59M units of relays were exported from the Philippines; flattening at the year before. In general, exports continue to indicate a abrupt setback. The exports peaked at 77M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, relay exports reduced modestly to $132M in 2022. Overall, exports continue to indicate a slight downturn. The growth pace was the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $138M, and then declined in the following year.
| Export of Relay in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.0 | 26.2 | 33.7 | 36.9 | -7.1% |
| United States | 34.7 | 31.3 | 36.2 | 30.1 | -4.6% |
| China | 23.5 | 25.7 | 24.8 | 17.8 | -8.8% |
| South Korea | 15.8 | 18.8 | 15.3 | 13.9 | -4.2% |
| Malaysia | 0.9 | 1.3 | 4.4 | 9.3 | 117.8% |
| Japan | 4.2 | 4.7 | 5.1 | 4.7 | 3.8% |
| India | 1.7 | 1.7 | 3.8 | 4.6 | 39.3% |
| Hong Kong SAR | 4.5 | 3.5 | 4.7 | 2.5 | -17.8% |
| Others | 6.3 | 5.1 | 10.5 | 11.8 | 23.3% |
| Total | 138 | 118 | 138 | 132 | -1.5% |
Top Export Markets for Relay from the Philippines in 2022:
- Germany (18.6M units)
- United States (13.6M units)
- China (8.7M units)
- South Korea (7.5M units)
- Japan (2.5M units)
- India (2.4M units)
- Malaysia (1.6M units)
- Hong Kong SAR (1.4M units)
Relay Imports in the Philippines
In 2022, imports of relays into the Philippines expanded remarkably to 19M units, with an increase of 9.7% on the previous year's figure. In general, imports, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, imports hit record highs at 22M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, relay imports rose rapidly to $71M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Relay in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.4 | 10.7 | 15.7 | 16.3 | -2.2% |
| Japan | 17.5 | 16.1 | 15.9 | 11.8 | -12.3% |
| United States | 6.5 | 6.9 | 6.8 | 7.2 | 3.5% |
| Singapore | 6.5 | 3.6 | 5.4 | 6.9 | 2.0% |
| South Korea | 3.1 | 2.6 | 3.3 | 5.4 | 20.3% |
| Hong Kong SAR | 4.5 | 4.9 | 7.5 | 4.9 | 2.9% |
| Mexico | 0.3 | 0.1 | 1.0 | 3.5 | 126.8% |
| Vietnam | 1.8 | 0.8 | 1.6 | 2.3 | 8.5% |
| Belgium | 0.6 | 0.3 | 0.3 | 1.0 | 18.6% |
| Portugal | 0.1 | N/A | 0.4 | 0.9 | 108.0% |
| Others | 8.7 | 7.6 | 8.9 | 10.0 | 4.8% |
| Total | 67.1 | 53.7 | 66.8 | 70.5 | 1.7% |
Top Suppliers of Relay to the Philippines in 2022:
- China (5.0M units)
- Japan (3.2M units)
- United States (2.3M units)
- Singapore (1.5M units)
- Hong Kong SAR (1.5M units)
- South Korea (1.1M units)
- Mexico (1.0M units)
- Portugal (0.5M units)
- Vietnam (0.5M units)
- Belgium (0.5M units)
This report provides an in-depth analysis of the relay market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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