Belgium - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Belgium - 2023
Contents:
- Relay Price in Belgium (CIF) - 2023
- Relay Price in Belgium (FOB) - 2023
- Relay Imports in Belgium
- Relay Exports in Belgium
Relay Price in Belgium (CIF) - 2023
In August 2023, the average relay import price amounted to $2.6 per unit, rising by 11% against the previous month. In general, the import price showed a strong increase. The most prominent rate of growth was recorded in March 2023 an increase of 79% against the previous month. The import price peaked in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($6.3 per unit), while the price for Portugal ($855 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Price in Belgium (FOB) - 2023
The average relay export price stood at $3.5 per unit in August 2023, growing by 10% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in November 2022 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices attained the maximum at $3.9 per unit in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the Netherlands ($8.9 per unit), while the average price for exports to Singapore ($772 per thousand units) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Imports in Belgium
In 2022, the amount of relays imported into Belgium reduced to 46M units, shrinking by -10.5% against the previous year's figure. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports attained the peak of 52M units, and then reduced in the following year.
In value terms, relay imports fell markedly to $69M in 2022. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $84M, and then contracted sharply in the following year.
Import of Relay in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 20.7 | 18.4 | 23.0 | 22.1 | 2.2% |
Netherlands | 13.6 | 15.4 | 19.2 | 17.0 | 7.7% |
Sweden | 7.9 | 10.0 | 13.1 | 6.2 | -7.8% |
France | 5.9 | 6.3 | 6.8 | 5.3 | -3.5% |
United Kingdom | 5.9 | 2.9 | 3.1 | 3.2 | -18.4% |
Italy | 1.2 | 1.3 | 4.1 | 2.6 | 29.4% |
China | 0.9 | 1.0 | 1.3 | 1.9 | 28.3% |
Portugal | 7.1 | 2.0 | 1.5 | 0.3 | -65.2% |
Others | 11.4 | 9.0 | 12.0 | 10.2 | -3.6% |
Total | 74.6 | 66.3 | 83.9 | 68.8 | -2.7% |
Top Suppliers of Relay to Belgium in 2022:
- Netherlands (16.9M units)
- Germany (15.1M units)
- France (4.9M units)
- United Kingdom (2.0M units)
- Italy (1.9M units)
- Sweden (1.9M units)
- China (0.8M units)
- Portugal (0.3M units)
Relay Exports in Belgium
After three years of growth, shipments abroad of relays decreased by -13.9% to 18M units in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, the exports attained the peak of 21M units, and then reduced in the following year.
In value terms, relay exports contracted remarkably to $59M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $69M, and then shrank notably in the following year.
Export of Relay in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 7.7 | 8.1 | 9.5 | 9.1 | 5.7% |
France | 6.7 | 8.7 | 10.5 | 8.4 | 7.8% |
Italy | 3.8 | 4.6 | 6.1 | 6.6 | 20.2% |
United Kingdom | 3.2 | 2.8 | 6.1 | 4.2 | 9.5% |
Netherlands | 3.6 | 3.3 | 3.7 | 3.5 | -0.9% |
Spain | 3.0 | 3.3 | 4.0 | 3.2 | 2.2% |
Denmark | 1.0 | 1.8 | 2.1 | 1.6 | 17.0% |
Sweden | 0.7 | 1.0 | 1.2 | 1.4 | 26.0% |
Slovakia | 0.4 | 1.0 | 2.5 | 1.4 | 51.8% |
United States | 2.1 | 2.0 | 1.6 | 1.3 | -14.8% |
Romania | 0.6 | 1.3 | 1.5 | 1.2 | 26.0% |
Poland | 1.1 | 1.1 | 1.3 | 1.2 | 2.9% |
China | 0.5 | 0.6 | 1.4 | 1.1 | 30.1% |
Others | 15.0 | 14.3 | 17.7 | 14.4 | -1.4% |
Total | 49.4 | 53.8 | 69.2 | 58.7 | 5.9% |
Top Export Markets for Relay from Belgium in 2022:
- France (2.6M units)
- United Kingdom (2.4M units)
- Germany (2.4M units)
- Italy (2.3M units)
- Spain (0.9M units)
- Netherlands (0.8M units)
- Romania (0.7M units)
- Denmark (0.6M units)
- United States (0.5M units)
- Slovakia (0.5M units)
- China (0.4M units)
- Poland (0.3M units)
- Sweden (0.3M units)
This report provides an in-depth analysis of the relay market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
-
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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