Netherlands: Relay Market 2024

Relay Market Size in the Netherlands

In 2022, the Dutch relay market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption recorded strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Relay Production in the Netherlands

In value terms, relay production reduced markedly to $X in 2022 estimated in export price. Overall, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 276%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Relay Exports

Exports from the Netherlands

Relay exports from the Netherlands shrank dramatically to X units in 2022, reducing by -21% on 2021. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 57%. As a result, the exports attained the peak of X units, and then fell sharply in the following year.

In value terms, relay exports reduced to $X in 2022. In general, exports showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for relay exports from the Netherlands, with a 32% share of total exports. Moreover, relay exports to Germany exceeded the volume sent to the second major destination, Italy (X units), threefold. Belgium (X units) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-0.5% per year) and Belgium (+2.7% per year).

In value terms, Germany ($X) remains the key foreign market for relays exports from the Netherlands, comprising 22% of total exports. The second position in the ranking was taken by Italy ($X), with an 8.8% share of total exports. It was followed by France, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.9% per year) and France (-2.7% per year).

Export Prices by Country

The average relay export price stood at $X per unit in 2022, increasing by 7.9% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2020 an increase of 32% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Germany ($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 France (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Relay Imports

Imports into the Netherlands

In 2022, supplies from abroad of relays increased by 40% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.8% 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.

In value terms, relay imports rose remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of relay to the Netherlands, with a 40% share of total imports. Moreover, relay imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The third position in this ranking was held by Germany (X units), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.0% per year) and Germany (-4.8% per year).

In value terms, the largest relay suppliers to the Netherlands were China ($X), Germany ($X) and France ($X), with a combined 56% share of total imports.

In terms of the main suppliers, China, with a CAGR of +19.0%, 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.

Import Prices by Country

The average relay import price stood at $X per unit in 2022, declining by -18.6% against the previous year. In general, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 8.6% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for France ($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 Philippines (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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