Macedonia: Relay Market 2020

Relay Market Size in Macedonia

The revenue of the relay market in Macedonia amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, relay consumption continues to indicate a deep decline. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. In that year, the relay market reached its peak level of $X. From 2009 to 2018, the growth of the relay market failed to regain its momentum.

Relay Production in Macedonia

In value terms, relay production totaled $X in 2018 estimated in export prices. In general, the total output indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, relay production increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 when production volume increased by X% y-o-y. In that year, relay production attained its peak level of $X. From 2009 to 2018, relay production growth remained at a lower figure.

Relay Exports

Exports from Macedonia

In 2018, the exports of relays from Macedonia totaled X units, growing by X% against the previous year. Overall, relay exports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Macedonia exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, relay exports totaled $X in 2018. Over the period under review, relay exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, relay exports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Exports by Country

In 2018, China (X units), distantly followed by Germany (X units), the U.S. (X units), Japan (X units), France (X units) and China, Hong Kong SAR (X units) represented the main exporters of relays, together constituting X% of total exports. The following exporters - the Czech Republic (X units), Thailand (X units), Portugal (X units), Italy (X units), Mexico (X units) and Malaysia (X units) - together made up X% of total exports.

China was also the fastest-growing in terms of the relays exports, with a CAGR of +X% from 2007 to 2018. At the same time, Malaysia (+X%), Thailand (+X%), the Czech Republic (+X%), the U.S. (+X%), Portugal (+X%), Germany (+X%), Italy (+X%) and Japan (+X%) displayed positive paces of growth. China, Hong Kong SAR and France experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), the U.S. (+X p.p.), Thailand (+X p.p.), the Czech Republic (+X p.p.) and Germany (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Japan, France, China, Hong Kong SAR, the Czech Republic, Portugal, Malaysia, Thailand, Italy, Mexico and Macedonia, which together accounted for a further X the main exporting countries, Macedonia recorded the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the relay export price in Macedonia amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the export price increased by X% against the previous year. In that year, the export prices for relays reached their peak level of $X per unit. From 2009 to 2018, the growth in terms of the export prices for relays remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Relay Imports

Imports into Macedonia

In 2018, the amount of relays imported into Macedonia stood at X units, picking up by X% against the previous year. Over the period under review, the total imports indicated modest growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, relay imports increased by +X% against 2010 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, relay imports attained their peak of X units. From 2009 to 2018, the growth of relay imports remained at a lower figure.

In value terms, relay imports amounted to $X in 2018. Over the period under review, relay imports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, relay imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

Canada (X units), Germany (X units), Mexico (X units), the U.S. (X units), China (X units), China, Hong Kong SAR (X units), Hungary (X units), France (X units), Malaysia (X units), Singapore (X units), Russia (X units) and Turkey (X units) represented roughly X% of total imports of relays in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Canada, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), China ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Mexico, China, Hong Kong SAR, France, Turkey, Malaysia, Hungary, Canada, Singapore, Russia and Macedonia, which together accounted for a further X recorded the highest growth rate of market size, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The relay import price in Macedonia stood at $X per unit in 2018, rising by X% against the previous year. In general, the relay import price continues to indicate an extraordinary increase. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. In that year, the import prices for relays attained their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while Canada ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform