Vietnam: Relay Market 2024

Relay Market Size in Vietnam

The Vietnamese relay market dropped markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a temperate increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Relay Exports

Exports from Vietnam

For the seventh year in a row, Vietnam recorded growth in overseas shipments of relays, which increased by X% to X units in 2022. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, relay exports expanded significantly to $X in 2022. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Japan (X units) and China (X units) were the main destinations of relay exports from Vietnam, together accounting for X% of total exports. Germany, Hong Kong SAR, Mexico, Singapore, Indonesia, India, South Korea, Taiwan (Chinese), Thailand and the Philippines lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), Japan ($X) and China ($X) were the largest markets for relay exported from Vietnam worldwide, with a combined X% share of total exports. Germany, Hong Kong SAR, Mexico, Singapore, Indonesia, South Korea, India, Taiwan (Chinese), the Philippines and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded 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

The average relay export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price 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, relay export price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and South Korea ($X per unit), while the average price for exports to Germany ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

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

Relay Imports

Imports into Vietnam

Relay imports into Vietnam fell to X units in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, relay imports amounted to $X in 2022. Overall, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Japan (X units) and South Korea (X units) were the main suppliers of relay imports to Vietnam, with a combined X% share of total imports.

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

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the largest relay suppliers to Vietnam, together accounting for X% of total imports.

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

Import Prices by Country

The average relay import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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