| Product Code: ETC5754864 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Suriname continues to rely on key trading partners for its import shipments, with the Netherlands, USA, Turkey, Australia, and China topping the list in 2024. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite a strong compound annual growth rate (CAGR) of 14.88% from 2020-24, the significant decline in growth rate from 2023-24 at -65.19% suggests a recent slowdown in import activity. This data highlights the importance of monitoring market dynamics and potential shifts in trade patterns for businesses operating in Suriname.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Suriname Relay Market Overview |
3.1 Suriname Country Macro Economic Indicators |
3.2 Suriname Relay Market Revenues & Volume, 2021 & 2031F |
3.3 Suriname Relay Market - Industry Life Cycle |
3.4 Suriname Relay Market - Porter's Five Forces |
3.5 Suriname Relay Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Suriname Relay Market Revenues & Volume Share, By Voltage Range, 2021 & 2031F |
3.7 Suriname Relay Market Revenues & Volume Share, By Mounting Type, 2021 & 2031F |
4 Suriname Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and efficient relay solutions in Suriname due to growing industrialization and infrastructure development. |
4.2.2 Technological advancements leading to the development of more advanced and sophisticated relay products. |
4.2.3 Government initiatives and investments in sectors such as energy, transportation, and telecommunications driving the demand for relays. |
4.3 Market Restraints |
4.3.1 Intense competition among relay manufacturers leading to pricing pressures. |
4.3.2 Economic instability and fluctuations in Suriname impacting the overall market growth. |
4.3.3 Challenges related to the availability of skilled labor and technical expertise in the relay market. |
5 Suriname Relay Market Trends |
6 Suriname Relay Market Segmentations |
6.1 Suriname Relay Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Suriname Relay Market Revenues & Volume, By Electromechanical, 2021-2031F |
6.1.3 Suriname Relay Market Revenues & Volume, By Thermal, 2021-2031F |
6.1.4 Suriname Relay Market Revenues & Volume, By Reed, 2021-2031F |
6.1.5 Suriname Relay Market Revenues & Volume, By Time, 2021-2031F |
6.1.6 Suriname Relay Market Revenues & Volume, By PhotoMOSFET, 2021-2031F |
6.1.7 Suriname Relay Market Revenues & Volume, By Solid State, 2021-2031F |
6.2 Suriname Relay Market, By Voltage Range |
6.2.1 Overview and Analysis |
6.2.2 Suriname Relay Market Revenues & Volume, By Low, 2021-2031F |
6.2.3 Suriname Relay Market Revenues & Volume, By Medium, 2021-2031F |
6.2.4 Suriname Relay Market Revenues & Volume, By High, 2021-2031F |
6.3 Suriname Relay Market, By Mounting Type |
6.3.1 Overview and Analysis |
6.3.2 Suriname Relay Market Revenues & Volume, By Panel, 2021-2031F |
6.3.3 Suriname Relay Market Revenues & Volume, By PCB, 2021-2031F |
6.3.4 Suriname Relay Market Revenues & Volume, By DIN Rail, 2021-2031F |
6.3.5 Suriname Relay Market Revenues & Volume, By Plug-In, 2021-2031F |
7 Suriname Relay Market Import-Export Trade Statistics |
7.1 Suriname Relay Market Export to Major Countries |
7.2 Suriname Relay Market Imports from Major Countries |
8 Suriname Relay Market Key Performance Indicators |
8.1 Percentage of market penetration in key industries using relay technology. |
8.3 Customer satisfaction and retention rates for relay products and services. |
8.4 Number of strategic partnerships and collaborations to expand market reach and product offerings. |
8.5 Rate of adoption of relay technologies in emerging sectors such as renewable energy and smart infrastructure. |
9 Suriname Relay Market - Opportunity Assessment |
9.1 Suriname Relay Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Suriname Relay Market Opportunity Assessment, By Voltage Range, 2021 & 2031F |
9.3 Suriname Relay Market Opportunity Assessment, By Mounting Type, 2021 & 2031F |
10 Suriname Relay Market - Competitive Landscape |
10.1 Suriname Relay Market Revenue Share, By Companies, 2024 |
10.2 Suriname Relay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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