Report Update Mar 1, 2025

Puerto Rico - Relays - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Relay Market 2025

Relay Market Size in Puerto Rico

After three years of decline, the Puerto Rican relay market increased by 26% to $X in 2021. Over the period under review, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Relay Production in Puerto Rico

In value terms, relay production surged to $X in 2021 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 87%. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Relay Exports

Exports by Country

China was the major exporting country with an export of about X tons, which accounted for 29% of total exports. It was distantly followed by Germany (X tons), France (X tons) and Japan (X tons), together making up a 21% share of total exports. The following exporters - Hong Kong SAR (X tons), the Czech Republic (X tons), Mexico (X tons), Indonesia (X tons), Portugal (X tons), the Netherlands (X tons), Spain (X tons), South Korea (X tons) and Thailand (X tons) - together made up 26% of total exports.

From 2012 to 2021, average annual rates of growth with regard to relay exports from China stood at +7.0%. At the same time, Indonesia (+16.9%), the Czech Republic (+8.3%), South Korea (+7.3%), Thailand (+4.4%), Spain (+2.0%), Japan (+1.6%), Germany (+1.4%) and France (+1.3%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.9% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, Mexico (-1.4%), Portugal (-2.6%) and Hong Kong SAR (-2.9%) illustrated a downward trend over the same period. China (+10 p.p.), Indonesia (+2.1 p.p.) and the Czech Republic (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by -2.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 39% of total exports. France, Hong Kong SAR, the Czech Republic, Spain, the Netherlands, Portugal, Mexico, South Korea, Thailand and Indonesia lagged somewhat behind, together accounting for a further 29%.

Among the main exporting countries, Indonesia, with a CAGR of +11.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Relay Imports

Imports by Country

In 2021, Mexico (X tons), distantly followed by the United States (X tons), Germany (X tons), China (X tons) and Hungary (X tons) represented the key importers of relays, together comprising 41% of total imports. Hong Kong SAR (X tons), the Czech Republic (X tons), Russia (X tons), Italy (X tons), South Korea (X tons), Turkey (X tons), France (X tons) and the Netherlands (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest relay importing markets into Puerto Rico were Germany ($X), the United States ($X) and China ($X), with a combined 29% share of total imports. Mexico, Hong Kong SAR, Italy, the Netherlands, South Korea, the Czech Republic, France, Turkey, Russia and Hungary lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, the Czech Republic, with a CAGR of +9.6%, 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 Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for relays in the world?

The countries with the highest volumes of in 2021 were China, the United States and Mexico, together comprising 39% of global consumption. Nigeria, Romania, India, Germany, Indonesia, France, Japan, Hungary, Italy and South Korea lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of relays in the world?

China remains the largest relay producing country worldwide, accounting for 35% of total volume. Moreover, relay production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. France ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of relays to Puerto Rico?

In value terms, Germany, the United States and China were the countries with the highest levels of imports in 2021, with a combined 29% share of total imports. Mexico, Hong Kong SAR, Italy, the Netherlands, the Czech Republic, Spain, Turkey, Russia, Hungary and Malaysia lagged somewhat behind, together comprising a further 30%.

What are the leading importers of relays from Puerto Rico?

In value terms, China, Germany and Japan were the countries with the highest levels of exports in 2021, together accounting for 38% of total exports. The United States, France, Hong Kong SAR, the Czech Republic, Spain, the Netherlands, Portugal, Indonesia, Mexico and Malaysia lagged somewhat behind, together accounting for a further 36%.

What is the average export price for relays in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, stabilizing at the previous year.

What is the average import price for relays in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the relay market in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024