Global Relay Market
In value terms, relay production rose to $ in estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. Global production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.
China ( units) remains the largest relay producing country worldwide, comprising approx. % of total volume. Moreover, relay production in China exceeded the figures recorded by the second-largest producer, the United States ( units), fourfold. The third position in this ranking was taken by Japan ( units), with a % share.
In China, relay production increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (+% per year) and Japan (-% per year).
The global relay market value rose rapidly to $ in , surging by % 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
From 2007 to , the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: the United States (+% per year) and Mexico (+% per year).
In value terms, the largest relay markets worldwide were China ($), the United States ($) and Germany ($), together accounting for % of the global market. These countries were followed by Mexico, Japan, India, Indonesia, Romania, Italy, Brazil, Russia, Hungary and Nigeria, which together accounted for a further %.
Romania, with a CAGR of +%, saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of relay per capita consumption in were Hungary ( units per persons), Romania ( units per persons) and Germany ( units per persons).
From 2007 to , the biggest increases were in Romania (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.