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

U.S. - Relays - Market Analysis, Forecast, Size, Trends and Insights

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Jul 3, 2023

Relay Price in United States Shrinks 7%, Averaging $2.0 per Unit

U.S. Relay Import Price in April 2023

In April 2023, the relay price stood at $2.0 per unit (CIF, US), shrinking by -6.9% against the previous month. Over the period from April 2022 to April 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in May 2022 an increase of 15% against the previous month. Over the period under review, average import prices reached the maximum at $2.2 per unit in March 2023, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Mexico ($14.2 per unit), while the price for the Philippines ($372 per thousand units) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Relay in U.S. (USD per unit)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Mexico8.69.79.99.78.78.411.110.810.011.210.713.614.3
Indonesia4.93.97.63.35.63.33.23.13.33.33.75.04.2
Taiwan (Chinese)2.56.01.22.94.63.12.72.32.01.93.43.32.6
Portugal1.31.21.01.11.31.01.11.61.71.41.11.41.7
China1.01.21.11.11.11.21.31.11.31.21.21.41.4
Austria1.11.30.90.41.21.11.10.91.01.11.00.81.0
South Korea1.11.90.91.61.34.61.41.51.61.30.91.00.9
Japan0.90.90.91.00.90.90.90.80.90.80.80.80.8
Vietnam0.40.40.90.50.60.60.40.70.50.92.10.60.7
Malaysia0.40.50.40.40.60.50.60.60.50.50.50.60.5
Philippines0.50.40.50.40.50.50.40.60.50.60.60.40.4
Average1.72.01.81.71.82.01.92.02.01.92.12.22.0

U.S. Relay Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was electrical apparatus ($5.4 per unit), while the price for electrical apparatus; relays, (for a voltage not exceeding 60 volts) totaled $1.2 per unit.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by electrical apparatus; relays, for a voltage exceeding 60 volts (+2.3%).

U.S. Relay Imports

Relay imports into the United States expanded sharply to 50M units in April 2023, picking up by 6.1% compared with March 2023. In general, imports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in June 2022 when imports increased by 22% month-to-month. Imports peaked at 63M units in August 2022; however, from September 2022 to April 2023, imports remained at a lower figure.

In value terms, relay imports reduced slightly to $101M (IndexBox estimates) in April 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 13% month-to-month. Imports peaked at 118M units in October 2022; however, from November 2022 to April 2023, imports stood at a somewhat lower figure.

U.S. Relay Imports by Type

In April 2023, electrical apparatus; relays, (for a voltage not exceeding 60 volts) (40M units) constituted the largest type of relay supplied to the United States, accounting for a 79% share of total imports. Moreover, electrical apparatus; relays, (for a voltage not exceeding 60 volts) exceeded the figures recorded for the second-largest type, electrical apparatus (10M units), fourfold.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of import of electrical apparatus; relays, (for a voltage not exceeding 60 volts) amounted to -1.3%.

In value terms, electrical apparatus ($56M) and electrical apparatus; relays, (for a voltage not exceeding 60 volts) ($46M) constituted the most imported types of relays in the United States.

U.S. Relay Imports by Country

China (13M units), the Philippines (9.8M units) and Japan (9.1M units) were the main suppliers of relay imports to the United States, together accounting for 64% of total imports.

From April 2022 to April 2023, the biggest increases were in the Philippines (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($20M), China ($18M) and Japan ($7.4M) constituted the largest relay suppliers to the United States, with a combined 45% share of total imports. These countries were followed by the Philippines, Taiwan (Chinese), Indonesia, Portugal, South Korea, Malaysia, Vietnam and Austria, which together accounted for a further 20%.

In terms of the main suppliers, the Philippines, with a CAGR of +16.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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

  • United States

Data coverage:

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