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China - Relays - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Relays - Market Analysis, Forecast, Size, Trends and Insights

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Sep 13, 2023

Price of Relay in China Drops by 8% to Average $656 per Thousand Units Following Two Consecutive Months of Contraction.

China Relay Export Price in June 2023

In June 2023, the relay price amounted to $656 per thousand units (FOB, China), waning by -7.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in July 2022 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices hit record highs at $717 per thousand units in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($879 per thousand units), while the average price for exports to Brazil ($351 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

China Relay Export Prices By Country (USD Per Thousand Units)
COUNTRYExport Price of Relay in China (USD per thousand units)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
United States640689737790892767823850697858841814879
Germany602697615655677770769682739690745793755
India543526639541622578489500614504534538525
Japan461539524446509632519557587608585514477
South Korea363431490369429437406433451442407457425
Thailand545701684489660513434467420441411415417
Brazil451551565638405682423402618429439586351
Average573641654656688715686701664704717709656

China Relay Export Prices by Type

Average prices varied somewhat for the major types of exported product. In June 2023, the product with the highest price was electrical apparatus ($819 per thousand units), while the average price for exports of electrical apparatus; relays, (for a voltage not exceeding 60 volts) amounted to $548 per thousand units.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: electrical apparatus; relays, for a voltage exceeding 60 volts (+1.2%).

China Relay Exports

In June 2023, overseas shipments of relays increased by 4.7% to 221M units for the first time since March 2023, thus ending a two-month declining trend. In general, exports, however, saw a pronounced curtailment. The growth pace was the most rapid in March 2023 when exports increased by 31% month-to-month. Over the period under review, the exports attained the maximum at 305M units in June 2022; however, from July 2022 to June 2023, the exports failed to regain momentum.

In value terms, relay exports reduced modestly to $145M (IndexBox estimates) in June 2023. Overall, exports, however, showed a mild descent. The pace of growth appeared the most rapid in March 2023 with an increase of 39% month-to-month. The exports peaked at 191M units in July 2022; however, from August 2022 to June 2023, the exports remained at a lower figure.

China Relay Exports by Type

Electrical apparatus; relays, (for a voltage not exceeding 60 volts) (133M units) and electrical apparatus (88M units) were the main products of relay exports from China.

From June 2022 to June 2023, the biggest increases were in electrical apparatus; relays, for a voltage exceeding 60 volts (with a CAGR of -2.0%).

In value terms, the most traded types of relays in China were electrical apparatus; relays, (for a voltage not exceeding 60 volts) ($73M) and electrical apparatus ($72M).

In terms of the main product categories, electrical apparatus; relays, for a voltage exceeding 60 volts, with a CAGR of -0.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

China Relay Exports by Country

Germany (31M units), Japan (19M units) and South Korea (18M units) were the main destinations of relay exports from China, with a combined 31% share of total exports. the United States, India, Mexico, Brazil, the Netherlands, Thailand, Turkey, Vietnam, Singapore and Russia lagged somewhat behind, together comprising a further 41%.

From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +9.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for relay exported from China were Germany ($24M), the United States ($15M) and Japan ($9.2M), with a combined 33% share of total exports. These countries were followed by Mexico, South Korea, India, Russia, Singapore, Brazil, the Netherlands, Thailand, Vietnam and Turkey, which together accounted for a further 34%.

Among the main countries of destination, Russia, with a CAGR of +7.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the relay market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27122433 - Relays for a voltage . .60 V and for a current . 2 A
  • Prodcom 27122435 - Relays for a voltage . .60 V and for a current > 2 A
  • Prodcom 27122450 - Relays and contactors for a voltage > .60 V but . 1 kV

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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