Global Relay Market 2024

Relay Market Size

The global relay market shrank modestly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the global market remained at a somewhat lower figure.

Relay Production

In value terms, relay production reduced 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 throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined in the following year.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Relay Exports

Exports

In 2022, the amount of relays exported worldwide rose sharply to X units, surging by X% on the previous year's figure. Over the period under review, total exports indicated noticeable growth 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, relay exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China was the major exporting country with an export of about X units, which finished at X% of total exports. Germany (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%). France (X units), Hong Kong SAR (X units), Mexico (X units), the Netherlands (X units), the United States (X units), Portugal (X units), the Czech Republic (X units), Spain (X units), Indonesia (X units) and Thailand (X units) took a relatively small 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%), the Netherlands (X%), Spain (X%), the Czech Republic (X%), Thailand (X%), Germany (X%) and Japan (X%) displayed positive paces of growth. France and Mexico experienced a relatively flat trend pattern. By contrast, Portugal (X%), Hong Kong SAR (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (X p.p.), Germany (X p.p.), Mexico (X p.p.), Japan (X p.p.), Portugal (X p.p.), the United States (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 ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Japan, France, the Netherlands, the Czech Republic, Hong Kong SAR, Spain, Mexico, Portugal, Thailand and Indonesia lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average relay export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood 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 the United States ($X per unit), while China ($X per unit) was amongst the lowest.

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

Relay Imports

Imports

In 2022, global relay imports rose notably to X units, growing by X% compared with the previous year's figure. In general, total imports indicated a tangible expansion 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 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, relay imports reached $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 consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China represented the main importer of relays in the world, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Mexico (X units) took the second position in the ranking, followed by the United States (X units) and Germany (X units). All these countries together held near X% share of total imports. Hungary (X units), Malaysia (X units), the Netherlands (X units), Hong Kong SAR (X units), South Korea (X units), Italy (X units), Japan (X units), Brazil (X units) and the Czech Republic (X units) held a little share 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%), Hungary (X%), the Czech Republic (X%), Italy (X%), the Netherlands (X%), Mexico (X%), South Korea (X%), the United States (X%), Japan (X%), Germany (X%) and Brazil (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 and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest relay importing markets worldwide were the United States ($X), China ($X) and Germany ($X), with a combined X% share of global imports. Mexico, the Netherlands, Italy, Hong Kong SAR, South Korea, the Czech Republic, Japan, Brazil, Malaysia and Hungary lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Global import price 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 Italy ($X per unit), while Hungary ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :