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Hong Kong SAR, China - Relays - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRelay Price in Hong Kong SAR - 2023
Contents:
- Relay Price in Hong Kong SAR (FOB) - 2023
- Relay Price in Hong Kong SAR (CIF) - 2023
- Relay Exports in Hong Kong SAR
- Relay Imports in Hong Kong SAR
Relay Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average relay export price amounted to $2.4 per unit, growing by 9.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 76% against the previous month. The export price peaked in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($3.8 per unit), while the average price for exports to Indonesia ($789 per thousand units) 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 Mexico (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Relay Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average relay import price amounted to $1.8 per unit, rising by 5.7% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 12% against the previous month. The import price peaked at $1.9 per unit in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($3.8 per unit), while the price for Indonesia ($422 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Relay Exports in Hong Kong SAR
Relay exports from Hong Kong SAR fell sharply to 220M units in 2022, dropping by -17.5% compared with the previous year. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 6.6%. The exports peaked at 272M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, relay exports shrank to $418M in 2022. In general, exports showed a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 20%. The exports peaked at $441M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Relay in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 182 | 166 | 228 | 215 | 5.7% |
United States | 60.7 | 38.9 | 37.1 | 30.0 | -20.9% |
Singapore | 14.4 | 13.9 | 18.7 | 20.5 | 12.5% |
Taiwan (Chinese) | 13.5 | 10.8 | 15.7 | 19.6 | 13.2% |
Thailand | 23.6 | 16.5 | 22.6 | 19.1 | -6.8% |
South Korea | 15.6 | 18.5 | 22.3 | 17.2 | 3.3% |
Netherlands | 18.9 | 17.4 | 16.8 | 16.0 | -5.4% |
Germany | 21.7 | 15.7 | 10.5 | 13.0 | -15.7% |
Vietnam | 5.6 | 16.6 | 12.7 | 12.1 | 29.3% |
India | 3.9 | 4.1 | 9.8 | 11.1 | 41.7% |
Mexico | 7.7 | 5.4 | 8.9 | 6.5 | -5.5% |
Indonesia | 4.1 | 4.2 | 6.3 | 6.4 | 16.0% |
Malaysia | 5.6 | 5.1 | 6.2 | 5.9 | 1.8% |
Others | 64.4 | 35.8 | 25.2 | 24.9 | -27.1% |
Total | 441 | 368 | 441 | 418 | -1.8% |
Top Export Markets for Relay from Hong Kong SAR in 2022:
- China (93.6M units)
- Thailand (17.0M units)
- United States (15.6M units)
- Taiwan (Chinese) (12.8M units)
- South Korea (11.9M units)
- Singapore (11.8M units)
- Netherlands (9.9M units)
- Germany (8.5M units)
- Indonesia (6.9M units)
- India (6.3M units)
- Vietnam (6.0M units)
- Malaysia (5.7M units)
- Mexico (3.9M units)
Relay Imports in Hong Kong SAR
In 2022, imports of relays into Hong Kong SAR contracted notably to 207M units, shrinking by -22.5% on 2021 figures. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 8.3%. Over the period under review, imports attained the maximum at 289M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, relay imports dropped notably to $342M in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $423M, and then fell notably in the following year.
Import of Relay in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 259 | 212 | 228 | 170 | -13.1% |
Japan | 59.6 | 53.0 | 66.5 | 55.8 | -2.2% |
Czech Republic | 14.7 | 12.8 | 19.1 | 16.3 | 3.5% |
Thailand | 15.1 | 18.3 | 16.2 | 13.7 | -3.2% |
Taiwan (Chinese) | 3.4 | 3.5 | 3.7 | 7.2 | 28.4% |
Malaysia | 7.8 | 7.3 | 7.7 | 7.0 | -3.5% |
Vietnam | N/A | 2.0 | 5.5 | 5.0 | 58.1% |
Indonesia | 1.6 | 1.0 | 2.0 | 2.7 | 19.1% |
Others | 50.3 | 52.5 | 74.6 | 63.8 | 8.2% |
Total | 412 | 362 | 423 | 342 | -6.0% |
Top Suppliers of Relay to Hong Kong SAR in 2022:
- China (139.9M units)
- Japan (14.9M units)
- Thailand (9.1M units)
- Czech Republic (8.3M units)
- Malaysia (7.5M units)
- Indonesia (5.6M units)
- Vietnam (5.3M units)
- Taiwan (Chinese) (3.4M units)
This report provides an in-depth analysis of the relay market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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In June 2023, the price of Relay was $2.2 per unit (FOB, Hong Kong), marking a 17% increase compared to the previous month.
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