Vietnam - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Vietnam - 2022
Contents:
- Relay Price in Vietnam (CIF) - 2022
- Relay Price in Vietnam (FOB) - 2022
- Relay Imports in Vietnam
- Relay Exports in Vietnam
Relay Price in Vietnam (CIF) - 2022
In December 2022, the average relay import price amounted to $3.4 per unit, approximately mirroring the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 11% m-o-m. Over the period under review, average import prices attained the maximum at $3.8 per unit in August 2022; however, from September 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Finland ($6.5 per unit), while the price for Thailand ($2.2 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Price in Vietnam (FOB) - 2022
The average relay export price stood at $1.9 per unit in December 2022, reducing by -4.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2022 when the average export price increased by 6% m-o-m. The export price peaked at $1.9 per unit in November 2022, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($3.0 per unit), while the average price for exports to India ($1.6 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Vietnam
Relay imports into Vietnam expanded slightly to 82M units in 2022, picking up by 4.2% against the year before. The total import volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 35%. As a result, imports reached the peak of 86M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, relay imports dropped to $154M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable 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, imports reached the peak of $171M, and then reduced in the following year.
| Import of Relay in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.4 | 33.4 | 41.1 | 41.3 | 14.7% |
| South Korea | 10.5 | 12.6 | 33.3 | 34.5 | 48.7% |
| Thailand | 28.1 | 9.9 | 9.5 | 12.9 | -22.9% |
| Japan | 31.5 | 26.4 | 25.6 | 12.5 | -26.5% |
| United States | 14.7 | 13.9 | 10.9 | 10.0 | -12.1% |
| Indonesia | 4.1 | 4.1 | 6.6 | 6.1 | 14.2% |
| Hong Kong SAR | 1.6 | 2.8 | 4.0 | 4.2 | 37.9% |
| Singapore | 3.3 | 3.0 | 2.9 | 2.8 | -5.3% |
| Others | 25.7 | 30.2 | 36.9 | 29.4 | 4.6% |
| Total | 147 | 136 | 171 | 154 | 1.6% |
Top Suppliers of Relay to Vietnam in 2022:
- China (28.3M units)
- South Korea (20.7M units)
- Japan (9.5M units)
- United States (7.0M units)
- Hong Kong SAR (4.6M units)
- Singapore (2.7M units)
- Thailand (2.3M units)
- Indonesia (1.0M units)
Relay Exports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of relays, when their volume decreased by -10.5% to 66M units. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of 73M units, and then shrank in the following year.
In value terms, relay exports contracted dramatically to $76M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $93M, and then declined significantly in the following year.
| Export of Relay in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.4 | 18.3 | 20.6 | 14.4 | -4.2% |
| Japan | 6.3 | 5.2 | 10.2 | 10.3 | 17.8% |
| Mexico | 1.2 | 1.5 | 5.5 | 9.9 | 102.1% |
| United States | 6.7 | 9.9 | 14.1 | 9.0 | 10.3% |
| Germany | 0.5 | 1.5 | 7.4 | 7.3 | 144.4% |
| Hong Kong SAR | 0.6 | 2.2 | 5.7 | 4.1 | 89.8% |
| South Korea | 2.1 | 2.7 | 3.7 | 1.8 | -5.0% |
| Indonesia | 9.3 | 4.8 | 3.1 | 0.8 | -55.9% |
| Taiwan (Chinese) | 1.9 | 1.7 | 1.3 | 0.1 | -62.5% |
| Others | 8.2 | 12.2 | 21.1 | 18.6 | 31.4% |
| Total | 53.2 | 59.9 | 92.8 | 76.4 | 12.8% |
Top Export Markets for Relay from Vietnam in 2022:
- Taiwan (Chinese) (undefinedM units)
- China (15.0M units)
- Japan (12.8M units)
- Mexico (8.9M units)
- United States (5.6M units)
- Hong Kong SAR (5.4M units)
- Germany (4.7M units)
- South Korea (2.4M units)
- Indonesia (0.1M units)
This report provides an in-depth analysis of the relay market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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