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

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

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Nov 15, 2023

Japan's July 2023 Export Soars to $57M

Japan Relay Exports

In July 2023, shipments abroad of relays increased by 15% to 34M units, rising for the second consecutive month after two months of decline. Overall, exports, however, continue to indicate a slight downturn. The growth pace was the most rapid in June 2023 with an increase of 20% month-to-month. Over the period under review, the exports hit record highs at 38M units in July 2022; however, from August 2022 to July 2023, the exports stood at a somewhat lower figure.

In value terms, relay exports rose significantly to $57M (IndexBox estimates) in July 2023. Over the period under review, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in June 2023 with an increase of 15% month-to-month. The exports peaked at 70M units in July 2022; however, from August 2022 to July 2023, the exports failed to regain momentum.Japan Relay Exports By Country (Million USD)

COUNTRYExport Value of Relay in Japan (million USD)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
United States11.512.110.411.410.311.58.48.88.910.07.39.610.3
Germany9.06.35.37.16.26.15.24.95.56.15.65.79.1
China15.212.112.914.412.913.09.28.811.510.48.39.08.0
South Korea8.04.86.85.37.08.97.67.78.57.15.57.56.3
Hong Kong5.34.13.64.74.53.94.13.94.03.82.93.23.6
Thailand3.93.24.03.43.23.93.04.03.73.42.83.43.5
Indonesia1.11.01.01.11.31.20.91.11.01.01.01.01.4
Others16.514.415.615.814.118.712.112.915.415.712.513.715.1
Total70.458.059.563.459.667.150.552.258.557.646.053.157.1

Exports by Country

Germany (8.6M units), South Korea (4.7M units) and the United States (4.7M units) were the main destinations of relay exports from Japan, with a combined 54% share of total exports.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +1.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($10M), Germany ($9.1M) and China ($8M) were the largest markets for relay exported from Japan worldwide, with a combined 48% share of total exports. These countries were followed by South Korea, Hong Kong, Thailand and Indonesia, which together accounted for a further 26%.

In terms of the main countries of destination, Indonesia, with a CAGR of +2.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Exports by Type

Electrical apparatus; relays, (for a voltage not exceeding 60 volts) (33M units) was the largest type of relay exported from Japan, with a 97% share of total exports. It was followed by electrical apparatus (933K units), with a 2.8% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of electrical apparatus; relays, (for a voltage not exceeding 60 volts) was relatively modest.

In value terms, electrical apparatus; relays, (for a voltage not exceeding 60 volts) ($50M) remains the largest type of relay exported from Japan, comprising 88% of total exports. The second position in the ranking was held by electrical apparatus ($6.7M), with a 12% share of total exports.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of electrical apparatus; relays, (for a voltage not exceeding 60 volts) totaled -1.4%.

Export Prices by Country

In July 2023, the relay price amounted to $1.7 per unit (FOB, Japan), waning by -6.7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 8.7% m-o-m. As a result, the export price reached the peak level of $2,028 per thousand units. From September 2022 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($4.6 per unit), while the average price for exports to Mexico ($935 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the relay market in Japan. 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:

  • Japan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Japan
  • 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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