EU: Relay Market 2024

Relay Market Size in the EU

The EU relay market contracted dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Relay Production in the EU

In value terms, relay production fell sharply to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then fell significantly in the following year.

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Relay Exports

Exports in the EU

In 2022, overseas shipments of relays increased by X% to X units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, relay exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Portugal (X units), the Czech Republic (X units), Spain (X units) and Romania (X units) represented the largest exporters of relays, together generating X% of total exports. Italy (X units) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Spain (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. France and Romania experienced a relatively flat trend pattern. By contrast, Italy (X%) and Portugal (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Spain (X p.p.), the Czech Republic (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total exports, while France and Portugal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest relay supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

In Germany, relay exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced more modest paces of growth.

Relay Imports

Imports in the EU

In 2022, overseas purchases of relays increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, relay imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Germany (X units), distantly followed by Hungary (X units), the Netherlands (X units), Italy (X units), the Czech Republic (X units), France (X units) and Spain (X units) represented the major importers of relays, together mixing up X% of total imports. The following importers - Romania (X units), Poland (X units), Austria (X units), Belgium (X units), Slovakia (X units) and Sweden (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported relays in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

In Germany, relay imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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