Australia: Relay Market 2024

Relay Market Size in Australia

In 2022, the Australian relay market increased by 12% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a perceptible decrease. Relay consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Relay Exports

Exports from Australia

After five years of growth, overseas shipments of relays decreased by -2.4% to X units in 2022. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 54%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, relay exports expanded notably to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 50%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

New Zealand (X units), Malaysia (X units) and the United States (X units) were the main destinations of relay exports from Australia, together comprising 41% of total exports. China, the United Arab Emirates, Germany, Papua New Guinea, the UK, Singapore, Indonesia, France, Poland and Hong Kong SAR lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +102.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), China ($X) and the United States ($X) constituted the largest markets for relay exported from Australia worldwide, together accounting for 38% of total exports. Malaysia, the United Arab Emirates, Papua New Guinea, Germany, Indonesia, the UK, Singapore, Hong Kong SAR, France and Poland lagged somewhat behind, together comprising a further 38%.

Poland, with a CAGR of +55.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, surging by 13% against the previous year. In general, the export price posted temperate growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 142% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Australia

In 2022, purchases abroad of relays increased by 9.2% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, relay imports expanded rapidly to $X in 2022. Overall, imports, however, showed a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of relay imports to Australia, together comprising 43% of total imports. The UK, India, France, Mexico, Italy, Indonesia, Japan, Sweden, the Czech Republic and Portugal lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the largest relay suppliers to Australia, together accounting for 45% of total imports. India, France, Indonesia, Italy, the UK, Sweden, the Czech Republic, Mexico, Japan and Portugal lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, Sweden, with a CAGR of +14.6%, recorded 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.

Import Prices by Country

In 2022, the average relay import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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