Spain: Relay Market 2024

Relay Market Size in Spain

The Spanish relay market shrank dramatically to $X in 2022, reducing by X% against the previous year. In general, consumption saw a sharp shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Relay Production in Spain

In value terms, relay production soared to $X in 2022 estimated in export price. Overall, production saw a abrupt curtailment. Relay production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Relay Exports

Exports from Spain

In 2022, shipments abroad of relays increased by X% to X units, rising for the fifth year in a row after three years of decline. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, relay exports expanded significantly to $X in 2022. In general, total exports indicated moderate growth 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 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X units) was the main destination for relay exports from Spain, with a X% share of total exports. Moreover, relay exports to France exceeded the volume sent to the second major destination, Morocco (X units), sixfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Germany (X% per year).

In value terms, France ($X) remains the key foreign market for relays exports from Spain, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Spain

In 2022, supplies from abroad of relays increased by X% to X units, rising for the second year in a row after five years of decline. In general, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, relay imports dropped 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 observed in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

France (X units), Germany (X units) and Italy (X units) were the main suppliers of relay imports to Spain, together comprising X% of total imports. The Netherlands, the Czech Republic, China, Portugal, South Korea, Indonesia and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest relay suppliers to Spain were France ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. Italy, Portugal, China, Indonesia, the Czech Republic, South Korea and the UK lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, posted a remarkable increase. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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