United Kingdom: Relay Market 2024

Relay Market Size in the UK

The UK relay market fell to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Relay consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Relay Production in the UK

In value terms, relay production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a slight decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Relay Exports

Exports from the UK

After seven years of decline, overseas shipments of relays increased by X% to X units in 2022. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, relay exports soared to $X in 2022. In general, exports, however, showed a deep slump. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), the United States (X units) and Ireland (X units) were the main destinations of relay exports from the UK, together comprising X% of total exports. Belgium, France, Italy, the Netherlands, Norway, China, Hong Kong SAR, Spain, South Africa and Lithuania lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest markets for relay exported from the UK worldwide, with a combined X% share of total exports. Italy, China, the Netherlands, South Africa, Belgium, Norway, Ireland, Hong Kong SAR, Spain and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 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 South Africa ($X per unit), while the average price for exports to Lithuania ($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 South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into the UK

In 2022, the amount of relays imported into the UK dropped slightly to X units, standing approx. at the previous year's figure. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, relay imports stood at $X in 2022. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of relay to the UK, accounting for a X% share of total imports. Moreover, relay imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), threefold. The third position in this ranking was held by France (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and France (X% per year).

In value terms, China ($X), France ($X) and the United States ($X) were the largest relay suppliers to the UK, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded 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 average relay import price amounted to $X per unit, remaining constant against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Portugal ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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