India - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingImport of Relay Decreases Significantly to $20M in September 2023
India Relay Imports
In September 2023, approximately 250K units of relays were imported into India; waning by -19% compared with August 2023 figures. Overall, imports showed a pronounced setback. The most prominent rate of growth was recorded in March 2023 when imports increased by 27% m-o-m. As a result, imports attained the peak of 417K units. From April 2023 to September 2023, the growth of imports remained at a lower figure.
In value terms, relay imports contracted sharply to $20M (IndexBox estimates) in September 2023. Over the period under review, imports showed a slight decline. The pace of growth appeared the most rapid in March 2023 with an increase of 28% month-to-month. As a result, imports reached the peak of $31M. From April 2023 to September 2023, the growth of imports remained at a somewhat lower figure.
| COUNTRY | Import Value of Relay in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| China | 6.6 | 5.0 | 5.4 | 7.2 | 7.4 | 6.7 | 9.0 | 6.5 | 7.3 | 6.4 | 5.6 | 7.4 | 6.6 |
| Germany | 2.9 | 2.5 | 4.4 | 2.8 | 3.7 | 3.4 | 3.2 | 4.2 | 3.1 | 3.5 | 3.3 | 3.7 | 2.0 |
| France | 2.6 | 3.2 | 2.6 | 2.5 | 3.7 | 2.3 | 4.3 | 2.8 | 2.8 | 2.9 | 2.5 | 1.8 | 1.9 |
| Singapore | 3.8 | 2.6 | 2.6 | 2.4 | 3.3 | 3.1 | 3.4 | 3.1 | 2.6 | 2.1 | 1.9 | 2.0 | 1.6 |
| United States | 0.8 | 0.9 | 0.9 | 1.4 | 1.1 | 1.1 | 1.0 | 0.8 | 0.8 | 0.5 | 1.6 | 0.9 | 1.3 |
| South Korea | 1.2 | 1.1 | 1.5 | 1.4 | 1.5 | 0.8 | 1.3 | 1.3 | 1.1 | 2.0 | 1.5 | 1.8 | 1.0 |
| Hong Kong | 1.6 | 1.0 | 1.5 | 1.0 | 0.9 | 0.6 | 1.9 | 0.9 | 4.3 | 0.7 | 0.9 | 1.2 | 0.8 |
| Others | 5.6 | 5.6 | 5.7 | 5.8 | 6.2 | 6.1 | 6.6 | 5.8 | 8.5 | 5.2 | 6.1 | 6.2 | 5.3 |
| Total | 25.2 | 22.0 | 24.6 | 24.6 | 27.9 | 24.1 | 30.8 | 25.5 | 30.5 | 23.4 | 23.3 | 25.1 | 20.4 |
Imports by Country
In September 2023, China (78K units) constituted the largest supplier of relay to India, with a 31% share of total imports. Moreover, relay imports from China exceeded the figures recorded by the second-largest supplier, France (24K units), threefold. Germany (23K units) ranked third in terms of total imports with a 9.2% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of volume from China totaled -1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (-3.2% per month) and Germany (-4.2% per month).
In value terms, China ($6.6M) constituted the largest supplier of relay to India, comprising 32% of total imports. The second position in the ranking was taken by Germany ($2M), with a 9.6% share of total imports. It was followed by France, with a 9.4% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-3.2% per month) and France (-2.7% per month).
Imports by Type
Electrical apparatus (150K units) and electrical apparatus; relays, (for a voltage not exceeding 60 volts) (101K units) were the main products of relay imports to India.
From September 2022 to September 2023, the biggest increases were in electrical apparatus; relays, (for a voltage not exceeding 60 volts) (with a CAGR of -1.8%).
In value terms, the most traded types of relays in India were electrical apparatus ($13M) and electrical apparatus; relays, (for a voltage not exceeding 60 volts) ($7.3M).
Import Prices by Country
In September 2023, the relay price amounted to $81.4 per unit (CIF, India), almost unchanged from the previous month. In general, the import price recorded a slight expansion. The pace of growth appeared the most rapid in July 2023 an increase of 11% month-to-month. The import price peaked in September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Belgium ($86.3 per unit) and Italy ($85.2 per unit), while the price for the Philippines ($72.6 per unit) and Malaysia ($73.6 per unit) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the relay market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
