China - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Import of Electronic Chips Increases to $33.4B in December 2023
China Electronic Chip Imports
In December 2023, overseas purchases of electronic chips were finally on the rise to reach 42B units after three months of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 18% month-to-month. Over the period under review, imports reached the peak figure at 43B units in August 2023; however, from September 2023 to December 2023, imports failed to regain momentum.
In value terms, electronic chip imports rose slightly to $33.4B (IndexBox estimates) in December 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 26% month-to-month. Over the period under review, imports attained the maximum at 35B units in December 2022; however, from January 2023 to December 2023, imports stood at a somewhat lower figure.
| COUNTRY | Import Value of Electronic Chip in China (billion USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Taiwan (Chinese) | 13.6 | 9.4 | 9.3 | 11.4 | 10.3 | 10.0 | 11.4 | 11.2 | 11.8 | 12.6 | 12.3 | 12.8 | 12.1 |
| South Korea | 6.3 | 4.4 | 4.7 | 5.4 | 5.1 | 4.8 | 5.8 | 5.2 | 5.6 | 6.2 | 5.8 | 6.2 | 6.4 |
| Malaysia | 2.3 | 1.6 | 1.8 | 2.1 | 1.7 | 1.5 | 2.2 | 2.1 | 1.7 | 1.8 | 2.0 | 1.9 | 2.1 |
| Japan | 1.9 | 1.6 | 1.5 | 2.4 | 1.5 | 1.5 | 1.6 | 1.8 | 1.6 | 1.6 | 1.7 | 2.0 | 1.7 |
| United States | 0.9 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 |
| Singapore | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | 0.5 | 0.6 | 0.6 | 0.5 |
| Germany | 0.1 | 0.2 | < 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Others | 8.8 | 5.2 | 5.7 | 7.9 | 7.3 | 7.2 | 8.3 | 7.1 | 7.6 | 8.8 | 7.9 | 8.3 | 9.6 |
| Total | 34.5 | 23.4 | 24.0 | 30.4 | 26.9 | 26.2 | 30.7 | 28.7 | 29.6 | 32.4 | 31.1 | 32.7 | 33.4 |
Imports by Country
In December 2023, Taiwan (Chinese) (13B units) constituted the largest supplier of electronic chip to China, accounting for a 31% share of total imports. Moreover, electronic chip imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (4.7B units), threefold. The third position in this ranking was taken by the United States (2.9B units), with a 6.8% share.
From December 2022 to December 2023, the average monthly growth rate of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+1.2% per month) and the United States (+0.6% per month).
In value terms, Taiwan (Chinese) ($12.1B), South Korea ($6.4B) and Malaysia ($2.1B) were the largest electronic chip suppliers to China, together accounting for 62% of total imports.
In terms of the main suppliers, South Korea, with a CAGR of +0.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
In December 2023, electronic integrated circuits; n.e.c. in heading no. 8542 (25B units) constituted the largest type of electronic chip supplied to China, accounting for a 60% share of total imports. Moreover, electronic integrated circuits; n.e.c. in heading no. 8542 exceeded the figures recorded for the second-largest type, electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (9.7B units), threefold. The third position in this ranking was taken by multichip integrated circuits: memories (3.9B units), with a 9.3% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of the volume of import of electronic integrated circuits; n.e.c. in heading no. 8542 stood at +1.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (-0.8% per month) and multichip integrated circuits: memories (-0.4% per month).
In value terms, electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits ($16.3B), multichip integrated circuits: memories ($8.2B) and electronic integrated circuits; n.e.c. in heading no. 8542 ($7.7B) appeared to be the most imported types of electronic chips in China, together accounting for 97% of total imports.
Import Prices by Country
In December 2023, the electronic chip price amounted to $789 per thousand units (CIF, China), shrinking by -1.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices reached the maximum at $865 per thousand units in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($1.4 per unit), while the price for Germany ($118 per thousand units) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the electronic chip market in China. 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:
- Prodcom 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
- Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
- Prodcom 26113023 - Multichip integrated circuits: memories
- Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
- Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
- Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
- Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
- Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
- Prodcom 26113080 - Electronic integrated circuits: amplifiers
- Prodcom 26113091 - Other multichip integrated circuits n.e.c.
- Prodcom 26113094 - Other electronic integrated circuits n.e.c.
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
