Eastern Europe: Relay Market 2024

Relay Market Size in Eastern Europe

The East European relay market reduced notably to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, showed resilient growth. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Relay Production in Eastern Europe

In value terms, relay production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021, and then contracted in the following year.

Relay Exports

Exports in Eastern Europe

In 2022, shipments abroad of relays increased by X% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, relay exports expanded modestly to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, the Czech Republic (X units) was the key exporter of relays, constituting X% of total exports. Romania (X units) ranks second in terms of the total exports with a X% share, followed by Hungary (X%) and Poland (X%). The following exporters - Lithuania (X units), Bulgaria (X units) and Russia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest relay supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Czech Republic totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Hungary (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Bulgaria ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Relay Imports

Imports in Eastern Europe

In 2022, imports of relays in Eastern Europe shrank modestly to X units, falling by X% compared with 2021. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then declined modestly in the following year.

In value terms, relay imports reduced to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Hungary (X units) represented the key importer of relays, generating X% of total imports. It was distantly followed by the Czech Republic (X units), Romania (X units), Poland (X units), Russia (X units) and Slovakia (X units), together committing a X% share of total imports. Ukraine (X units) followed a long way behind the leaders.

Hungary was also the fastest-growing in terms of the relays imports, with a CAGR of X% from 2012 to 2022. At the same time, Poland (X%), the Czech Republic (X%), Romania (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Russia, Slovakia and Ukraine saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest relay importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Hungary ($X), together comprising X% of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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