Israel: Relay Market 2025

Relay Market Size in Israel

The Israeli relay market skyrocketed to $X in 2022, increasing by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Relay Exports

Exports from Israel

In 2022, overseas shipments of relays decreased by -5.8% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 291%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, relay exports contracted to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2013 with an increase of 334% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for relay exports from Israel, accounting for a 39% share of total exports. Moreover, relay exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. India (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+50.8% per year) and India (+12.1% per year).

In value terms, the United States ($X) remains the key foreign market for relays exports from Israel, comprising 41% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 18% share of total exports. It was followed by India, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+50.4% per year) and India (+12.8% per year).

Export Prices by Country

In 2022, the average relay export price amounted to $X per unit, declining by -3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Argentina ($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 Argentina (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into Israel

Relay imports into Israel skyrocketed to X units in 2022, picking up by 27% against the previous year. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, relay imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X units), China (X units) and Germany (X units) were the main suppliers of relay imports to Israel, together accounting for 51% of total imports. France, Japan, Mexico, Italy, the UK, India, Portugal, the Netherlands and Bulgaria lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +116.5%), while imports 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 Israel, with a combined 49% share of total imports. France, Japan, Mexico, Italy, the UK, India, the Netherlands, Bulgaria and Portugal lagged somewhat behind, together accounting for a further 33%.

In terms of the main suppliers, Mexico, with a CAGR of +100.7%, recorded the highest rates of growth with regard to 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, rising by 3.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 16%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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