Armenia: Relay Market 2020

Relay Market Size in Armenia

The revenue of the relay market in Armenia amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, relay consumption continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Armenia relay consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Relay Production in Armenia

In value terms, relay production amounted to $X in 2018 estimated in export prices. Over the period under review, relay production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Armenia relay production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Relay Exports

Exports from Armenia

In 2018, approx. X units of relays were exported from Armenia; surging by X% against the previous year. Overall, the total exports indicated a prominent increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, relay exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, relay exports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, relay exports totaled $X in 2018. Overall, relay exports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, relay exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

In 2018, China (X units), distantly followed by Germany (X units), the U.S. (X units), Japan (X units), France (X units) and China, Hong Kong SAR (X units) were the largest exporters of relays, together mixing up X% of total exports. The following exporters - the Czech Republic (X units), Thailand (X units), Portugal (X units), Italy (X units), Mexico (X units) and Malaysia (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the relays exports, with a CAGR of +X% from 2007 to 2018. At the same time, Malaysia (+X%), Thailand (+X%), the Czech Republic (+X%), the U.S. (+X%), Portugal (+X%), Germany (+X%), Italy (+X%) and Japan (+X%) displayed positive paces of growth. China, Hong Kong SAR and France experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the U.S. (+X p.p.), Thailand (+X p.p.), the Czech Republic (+X p.p.) and Germany (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the U.S. ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

China experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The relay export price in Armenia stood at $X per unit in 2018, picking up by X% against the previous year. Overall, the relay export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the export price increased by X% year-to-year. Over the period under review, the export prices for relays attained their maximum at $X per unit in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Relay Imports

Imports into Armenia

In 2018, the amount of relays imported into Armenia totaled X units, rising by X% against the previous year. Overall, relay imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, relay imports attained their peak figure at X units in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, relay imports totaled $X in 2018. In general, relay imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Armenia imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Canada (X units), Germany (X units), Mexico (X units), the U.S. (X units), China (X units), China, Hong Kong SAR (X units), Hungary (X units), France (X units), Malaysia (X units), Singapore (X units), Russia (X units) and Turkey (X units) were the major importers of relays in the world, making up X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Canada, while the other leaders experienced more modest paces of growth.

In value terms, the largest relay importing markets into Armenia were the U.S. ($X), China ($X) and Germany ($X), with a combined X% share of total imports. Mexico, China, Hong Kong SAR, France, Turkey, Malaysia, Canada, Singapore, Russia, Hungary and Armenia lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the relay import price in Armenia amounted to $X per unit, picking up by X% against the previous year. Overall, the relay import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 an increase of X% y-o-y. In that year, the import prices for relays reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while Canada ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform