Australia - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Australia - 2023
Contents:
- Relay Price in Australia (CIF) - 2022
- Relay Price in Australia (FOB) - 2023
- Relay Imports in Australia
- Relay Exports in Australia
Relay Price in Australia (CIF) - 2022
In 2022, the average relay import price amounted to $3.6 per unit, almost unchanged from the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. Over the period under review, average import prices reached the maximum at $3.7 per unit in 2021, and then reduced slightly in the following year.
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 Sweden ($4.7 per unit), while the price for Portugal ($2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Price in Australia (FOB) - 2023
The average relay export price stood at $5.2 per unit in September 2023, approximately reflecting the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 50% month-to-month. The export price peaked at $6.3 per unit in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Saudi Arabia ($7.4 per unit), while the average price for exports to Ghana ($3.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Australia
In 2022, approx. 24M units of relays were imported into Australia; surging by 9.2% against the previous year. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, relay imports stood at $86M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.1% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Relay in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 17.8 | 15.2 | 17.6 | 16.7 | -2.1% |
China | 8.9 | 9.9 | 10.4 | 13.3 | 14.3% |
Germany | 7.0 | 7.0 | 6.8 | 8.4 | 6.3% |
India | 3.6 | 4.4 | 4.7 | 5.9 | 17.9% |
France | 5.8 | 4.9 | 4.0 | 4.6 | -7.4% |
Indonesia | 4.1 | 3.7 | 4.7 | 4.3 | 1.6% |
Italy | 3.3 | 3.2 | 3.8 | 3.8 | 4.8% |
United Kingdom | 2.9 | 2.3 | 3.5 | 3.6 | 7.5% |
Sweden | 1.5 | 2.3 | 2.1 | 2.9 | 24.6% |
Czech Republic | 3.4 | 2.7 | 2.7 | 2.6 | -8.6% |
Mexico | 1.2 | 1.3 | 2.5 | 2.3 | 24.2% |
Japan | 1.7 | 1.3 | 1.9 | 2.2 | 9.0% |
Portugal | 0.7 | 0.6 | 1.0 | 0.8 | 4.6% |
Others | 14.2 | 14.1 | 13.9 | 14.7 | 1.2% |
Total | 76.1 | 72.9 | 79.5 | 86.2 | 4.2% |
Top Suppliers of Relay to Australia in 2022:
- China (4.3M units)
- United States (3.9M units)
- Germany (2.1M units)
- United Kingdom (1.7M units)
- India (1.4M units)
- Italy (1.0M units)
- Mexico (1.0M units)
- France (1.0M units)
- Indonesia (0.9M units)
- Japan (0.9M units)
- Czech Republic (0.6M units)
- Sweden (0.6M units)
- Portugal (0.4M units)
Relay Exports in Australia
In 2022, shipments abroad of relays decreased by -2.4% to 5.2M units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure at 5.3M units in 2021, and then contracted modestly in the following year.
In value terms, relay exports expanded sharply to $23M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
Export of Relay in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 1.7 | 2.1 | 2.4 | 4.4 | 37.3% |
China | 5.7 | 5.1 | 5.4 | 2.6 | -23.0% |
United States | 0.7 | 1.7 | 2.0 | 2.0 | 41.9% |
Malaysia | 1.2 | 1.6 | 1.5 | 1.9 | 16.6% |
United Arab Emirates | 1.0 | 0.6 | 0.5 | 1.8 | 21.6% |
Papua New Guinea | 0.6 | 0.5 | 0.4 | 1.0 | 18.6% |
Indonesia | 0.4 | 1.0 | 0.9 | 0.9 | 31.0% |
Germany | 0.7 | 0.7 | 0.9 | 0.9 | 8.7% |
United Kingdom | 0.2 | 0.2 | 0.4 | 0.8 | 58.7% |
Singapore | 0.4 | 1.7 | 1.6 | 0.7 | 20.5% |
Hong Kong SAR | 0.2 | 0.8 | 0.5 | 0.4 | 26.0% |
France | N/A | 0.3 | 0.2 | 0.3 | 0.0% |
Poland | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Others | 2.3 | 5.2 | 4.4 | 5.5 | 33.7% |
Total | 15.1 | 21.6 | 21.3 | 23.5 | 15.9% |
Top Export Markets for Relay from Australia in 2022:
- New Zealand (917.7K units)
- Malaysia (612.7K units)
- United States (602.4K units)
- China (444.1K units)
- United Arab Emirates (310.9K units)
- Germany (192.8K units)
- Papua New Guinea (188.8K units)
- United Kingdom (175.6K units)
- Singapore (171.0K units)
- Indonesia (160.1K units)
- France (123.5K units)
- Poland (114.9K units)
- Hong Kong SAR (97.0K units)
This report provides an in-depth analysis of the relay market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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