Australia and Oceania: Relay Market 2024

Relay Market Size in Australia and Oceania

In 2022, the relay market in Australia and Oceania increased by 11% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Relay Production in Australia and Oceania

In value terms, relay production declined dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 141%. Over the period under review, production attained the peak level at $X in 2021, and then dropped rapidly in the following year.

Relay Exports

Exports in Australia and Oceania

In 2022, after five years of growth, there was decline in overseas shipments of relays, when their volume decreased by -3.9% to X units. Overall, exports, however, showed tangible growth. The pace of growth appeared the most rapid in 2020 when exports increased by 49%. The volume of export peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, relay exports stood at $X in 2022. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Australia was the major exporting country with an export of about X units, which recorded 87% of total exports. It was distantly followed by New Zealand (X units), making up a 12% share of total exports.

Australia was also the fastest-growing in terms of the relays exports, with a CAGR of +5.3% from 2012 to 2022. At the same time, New Zealand (+2.0%) displayed positive paces of growth. From 2012 to 2022, the share of Australia increased by +4.3 percentage points.

In value terms, Australia ($X) remains the largest relay supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was held by New Zealand ($X), with an 8.5% share of total exports.

In Australia, relay exports expanded at an average annual rate of +10.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, picking up by 16% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 121%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.6%).

Relay Imports

Imports in Australia and Oceania

In 2022, overseas purchases of relays increased by 9.4% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, relay imports rose rapidly to $X in 2022. Over the period under review, imports, however, saw a slight setback. The pace of growth was the most pronounced in 2017 with an increase of 27%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the main importer of relays in Australia and Oceania, with the volume of imports accounting for X units, which was approx. 78% of total imports in 2022. It was distantly followed by New Zealand (X units), creating a 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to relay imports into Australia stood at -2.7%. At the same time, New Zealand (+9.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.9% from 2012-2022. New Zealand (+12 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -13.1% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported relays in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 17% share of total imports.

In Australia, relay imports shrank by an average annual rate of -2.0% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, remaining stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.8%).

Source: IndexBox Platform

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