Market research

Relays market in Spain

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

Between 2018 and 2021, Spain's relay imports fluctuated, dropping to 195.9 million US dollars in 2019 before recovering to 245.4 million US dollars in 2021. Exports began a strong upward trend from 2020, rising from 242.5 million US dollars to 326.3 million US dollars in 2021, reflecting increasing international shipments.

From 2022, the market was influenced by several key developments. Increased state investment in manufacturing automation boosted demand for solid-state relays, supporting export growth. At the same time, the expanding production of electric and hybrid vehicles raised demand for automotive relays, further pushing exports to 346.6 million US dollars in 2022 and 401.3 million US dollars in 2023.

Regulatory changes also shaped the market. The entry into force of Ley 11/2022 on telecommunications and new CNMC rules for the electricity sector modernized infrastructure requirements, increasing need for protection and control relays. Furthermore, the European energy crisis and subsequent electricity market reforms heightened focus on efficient energy management systems, sustaining relay demand even as imports fell to 184.5 million US dollars in 2024.

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
1. 4.1. In value
  1. 4.1.1. Production, 2018-2020
  2. 4.1.2. Imports, 2018-2024
  3. 4.1.3. Exports, 2018-2024
  4. 4.1.4. Market size, 2018-2020
5. Production
1. 5.1. Production in Spain
  1. 5.1.1. In kind, 2018-2020, K unit
  2. 5.1.2. In value, 2018-2020, 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 Spain in kind, 2018-2024, K money
    2. 6.1.2.2. Dynamics of product's exports in kind from Spain 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, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, M $ 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 Spain, 2018-2024, $ US/money
    2. 6.1.4.2. Dynamics of average price of product's exports from Spain 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 Spain in kind, 2018-2024, K money
    2. 6.2.2.2. Dynamics of product's exports in kind from Spain 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, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Spain in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Spain by countries, 2018-2024, M $ 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 Spain, 2018-2024, $ US/money
    2. 6.2.4.2. Dynamics of average price of product's exports from Spain 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 Spain in kind, 2018-2024, K money
    2. 7.1.2.2. Dynamics of product's imports in kind to Spain 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, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, M $ 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 Spain, 2018-2024, $ US/money
    2. 7.1.4.2. Dynamics of average price of product's imports to Spain 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 Spain in kind, 2018-2024, K money
    2. 7.2.2.2. Dynamics of product's imports in kind to Spain 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, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Spain in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Spain by countries, 2018-2024, M $ 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 Spain, 2018-2024, $ US/money
    2. 7.2.4.2. Dynamics of average price of product's imports to Spain 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, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K money
  2. 8.2.2. In value, M $ 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 Spain

In value, 2017-2020, K $ US

In 2020, Spain's relay production reached a value of 97 356 K $ US, marking a strong increase of 24.1% compared to the previous year. Over the period from 2017 to 2020, production grew by 15.4%, with a compound annual growth rate (CAGR) of 4.9%. The lowest value was recorded in 2019 at 78 450 K $ US, which also saw the largest decline of 11.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.7%	(11.2%)	24.1%	4.9%

Source: SHEV.io

Exports relays from Spain

Exports in kind, K money

After two years of decline, Spain's exports of relays in volume terms rebounded in 2020, totaling 4 386 K units. This represented a sharp rise of 56.2% compared to 2019. From 2017 to 2020, exports increased by 40.4%, equating to an annualized growth rate of 12.0%. The lowest volume was recorded in 2019 at 2 808 K units, which also experienced the largest decline of 7.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.2%)	(7.1%)	56.2%	12.0%

Source: SHEV.io

Between 2017 and 2020, France, Morocco, and Portugal were the main destinations for Spain's relay exports in volume terms. France accounted for 36.3% of exports, Morocco for 18.8%, and Portugal for 9.4%. Together, these three countries represented 64.6% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

In 2020, Spain's relay exports in value terms amounted to 242.5 M $ US, showing a strong rise of 23.8% compared to 2019. Over the period from 2017 to 2020, exports increased by 17.4%, with an annualized growth rate of 5.5%. The lowest value was recorded in 2019 at 195.8 M $ US, which also saw the largest decline of 6.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.3%	(6.4%)	23.8%	5.5%

Source: SHEV.io

From 2017 to 2020, France, Morocco, and Italy were the key markets for Spain's relay exports in value terms. France accounted for 38.4% of exports, Morocco for 14.3%, and Italy for 8.1%. Collectively, these three countries made up 60.8% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports relays to Spain

Imports in kind, K money

In 2020, Spain's imports of relays in volume terms totaled 5 807 K units, reflecting a decrease of 7.2% compared to the previous year. Between 2017 and 2020, imports declined by 66.4%, equating to an annualized decrease of 30.5%. The largest decline occurred in 2018 at 64.5%, while the largest increase was recorded in 2019 at 2.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(64.5%)	2.2%	(7.2%)	(30.5%)

Source: SHEV.io

Over the period from 2017 to 2020, the Netherlands, France, and Germany were the main sources for Spain's relay imports in volume terms. The Netherlands accounted for 36.1% of imports, France for 25.8%, and Germany for 14.1%. Together, these three countries represented 76.0% 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 Spain in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, Spain's relay imports in value terms reached 198.9 M $ US, up by 1.5% compared to the previous year. From 2017 to 2020, imports increased by 3.2%, with a compound annual growth rate (CAGR) of 1.0%. The highest value was recorded in 2018 at 201.9 M $ US, which also saw the largest increase of 4.7%. The largest decline occurred in 2019 at 2.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.7%	(2.9%)	1.5%	1.0%

Source: SHEV.io

Between 2017 and 2020, France, Germany, and China were the primary suppliers of relays to Spain in value terms. France accounted for 32.5% of imports, Germany for 21.1%, and China for 8.1%. Jointly, these three countries accounted for 61.7% 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 Spain in value, 2017-2020

Source: SHEV.io