Asia: Relay Market 2024

Relay Market Size in Asia

In 2022, the Asian relay market decreased by X% to $X, falling for the fifth year in a row after three years of growth. In general, consumption, however, recorded a slight downturn. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Relay Production in Asia

In value terms, relay production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Relay Exports

Exports in Asia

In 2022, exports of relays in Asia rose to X units, surging by X% on the previous year's figure. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, relay exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X units, which was near X% of total exports in 2022. Japan (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%). The following exporters - Indonesia (X units), Thailand (X units), Malaysia (X units) and South Korea (X units) - each accounted for an X% share of total exports.

China was also the fastest-growing in terms of the relays exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%), South Korea (X%), Thailand (X%), Japan (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest relay supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, relay exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Relay Imports

Imports in Asia

In 2022, the amount of relays imported in Asia was estimated at X units, surging by X% on the previous year. Over the period under review, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, relay imports reduced slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined modestly in the following year.

Imports by Country

China dominates imports structure, reaching X units, which was near X% of total imports in 2022. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%), South Korea (X%) and Japan (X%). The following importers - Turkey (X units), Indonesia (X units), Thailand (X units), India (X units) and Singapore (X units) - together made up X% of total imports.

China was also the fastest-growing in terms of the relays imports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Indonesia (X%), Turkey (X%), South Korea (X%), Singapore (X%), Japan (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Hong Kong SAR (X%) and India (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.), Thailand (X p.p.), Japan (X p.p.), India (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported relays in Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the import price showed a noticeable decrease. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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