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U.S. Relay and Industrial Control Market. Analysis and Forecast to 2030
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View PricingU.S.: Market for Relay And Industrial Control 2024
Market Size for Relay And Industrial Control in the U.S.
The U.S. relay and industrial control market soared to $X in 2022, growing by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Exports of Relay And Industrial Control
Exports from the U.S.
Relay and industrial control exports from the United States expanded modestly to X tons in 2022, growing by 2.4% compared with the previous year. Overall, exports, however, showed a mild downturn. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, relay and industrial control exports soared to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Mexico (X tons) was the main destination for relay and industrial control exports from the United States, accounting for a 54% share of total exports. Moreover, relay and industrial control exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 6.7% share.
From 2020 to 2022, the average annual growth rate of volume to Mexico stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-5.5% per year) and China (-2.8% per year).
In value terms, Mexico ($X) remains the key foreign market for relay and industrial control exports from the United States, comprising 46% of total exports. The second position in the ranking was taken by Canada ($X), with a 9.8% share of total exports. It was followed by China, with a 6.2% share.
From 2020 to 2022, the average annual growth rate of value to Mexico stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+11.0% per year) and China (+6.3% per year).
Export Prices by Country
In 2022, the average relay and industrial control export price amounted to $X per ton, rising by 14% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +18.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+29.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Relay And Industrial Control
Imports into the U.S.
In 2022, relay and industrial control imports into the United States surged to X tons, rising by 22% on the year before. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, relay and industrial control imports soared to $X in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
China (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of relay and industrial control imports to the United States, with a combined 57% share of total imports. Japan, Germany, Thailand, Vietnam, South Korea, the Philippines, Malaysia, France, India and Indonesia lagged somewhat behind, together accounting for a further 31%.
From 2020 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +60.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($X), China ($X) and Japan ($X) were the largest relay and industrial control suppliers to the United States, together accounting for 49% of total imports. Germany, Taiwan (Chinese), Malaysia, India, France, Indonesia, Thailand, South Korea, Vietnam and the Philippines lagged somewhat behind, together comprising a further 27%.
Among the main suppliers, Taiwan (Chinese), with a CAGR of +42.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the average relay and industrial control import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 2.4%. As a result, import price attained the peak level of $X per ton, and then fell slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for relay and industrial control in the U.S.. 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:
- NAICS 335314 - Relay and industrial control manufacturing
Companies mentioned:
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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- Price for Relay and Industrial Control the United States
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