Market research

Relays market in Belgium

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The relay market in Belgium contracted significantly in value between 2018 and 2024. Market size fell from 44 451 thousand US dollars in 2018 to 34 887 thousand in 2019, then further to 26 499 thousand in 2020. By 2024, the market had decreased to 21 391 thousand US dollars, indicating a sustained downward trend over the period.

In 2024, Belgium introduced regulatory changes to public procurement that could affect the relay market. Key measures included raised advertising thresholds for European tenders and the mandatory use of e-procurement platforms for contracts above 30 000 €. These adjustments altered the tendering environment for public projects, potentially influencing demand for relays used in such infrastructure.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2020, 2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2020, 2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Belgium
  1. 5.1.1. In kind, 2018-2020, 2024, K unit
  2. 5.1.2. In value, 2018-2020, 2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K money
    1. 6.1.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, K money
    2. 6.1.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, K money
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/money
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/money
    2. 6.1.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/money
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K money
    1. 6.2.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, K money
    2. 6.2.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, K money
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/money
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/money
    2. 6.2.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/money
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K money
    1. 7.1.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, K money
    2. 7.1.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, K money
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/money
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/money
    2. 7.1.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/money
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K money
    1. 7.2.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, K money
    2. 7.2.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, K money
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/money
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/money
    2. 7.2.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/money
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K money
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K money
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production relays in Belgium

In value, 2017-2020, K $ US

Belgium's relay production increased for the second consecutive year. In 2020, output was valued at 10 159 K $ US, representing a modest rise of 4.6% compared to 2019. Over the period from 2018 to 2020, production grew by 88.9%, with a compound annual growth rate of 23.6%.

Annual dynamics of production in Belgium in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	80.6%	4.6%	-

Source: SHEV.io

Exports relays from Belgium

Exports in kind, K money

After two years of contraction, relay export volumes from Belgium increased in 2020. Exports reached 690 K money, up 7.0% from 2019. Over the 2017-2020 period, exports decreased by 6.4%, with a compound annual growth rate of -2.2%. The lowest value was recorded in 2019 at 645 K money, which also saw the largest decline of 11.9%.

Annual dynamics of product's exports from Belgium in kind, 2017-2020, K money

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.7%)	(11.9%)	7.0%	(2.2%)

Source: SHEV.io

From 2017 to 2020, Belgium's export partner structure for relays in kind was balanced rather than concentrated. France accounted for 15.8% of exports, the United States for 11.0%, and Japan for 8.0%. Together, these three countries represented 34.9% of total flows, with the remaining 65.1% distributed among many other nations.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Belgium in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Following two years of improvement, relay exports from Belgium declined in 2020. Exports totaled 42 981 K $ US, a drop of 13.0% from 2019. Between 2017 and 2020, exports decreased by 4.1%, equating to an annualized rate of -1.4%. The highest value was recorded in 2019 at 49 377 K $ US, which also saw the largest increase of 5.7%.

Annual dynamics of product's exports from Belgium in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.2%	5.7%	(13.0%)	(1.4%)

Source: SHEV.io

The structure of Belgium's relay exports in value terms from 2017 to 2020 indicates a diversified set of partners. Germany and France each accounted for 13.7% of exports, while Japan represented 8.2%. Together, these three countries made up only 35.6% of total flows, with the remaining 64.4% spread across numerous smaller markets.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Belgium in value, 2017-2020

Source: SHEV.io

Imports relays to Belgium

Imports in kind, K money

The volume of relay imports into Belgium declined for the third consecutive year. In 2020, imports reached 1 699 K money, showing a controlled decrease of 5.6% compared to 2019. Over the 2017-2020 period, imports fell by 27.4%, with a compound annual growth rate of -10.1%.

Annual dynamics of product's imports to Belgium in kind, 2017-2020, K money

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.6%)	(19.3%)	(5.6%)	(10.1%)

Source: SHEV.io

Throughout 2017-2020, Germany, the Netherlands, and France formed the core of Belgium's relay imports in kind. Germany accounted for 28.5% of imports, the Netherlands for 27.4%, and France for 12.7%. Together, these three countries took 68.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Belgium in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Belgium's relay imports declined for the third consecutive year. In 2020, imports reached 59 321 K $ US, constituting a loss of 20.4% compared to 2019. Between 2017 and 2020, imports decreased by 34%, equating to an annualized rate of -12.9%.

Annual dynamics of product's imports to Belgium in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.5%)	(13.1%)	(20.4%)	(12.9%)

Source: SHEV.io

From 2017 to 2020, Germany, the Netherlands, and Sweden remained the principal suppliers of relays to Belgium in value terms. Germany accounted for 32.9% of imports, the Netherlands for 18.8%, and Sweden for 9.7%. Together, these three countries jointly accounted for 61.5% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Belgium in value, 2017-2020

Source: SHEV.io