Price for Electronic Integrated Circuits and Microassemblies in Hong Kong SAR - 2023

Contents:

1. Price for Electronic Integrated Circuits and Microassemblies in Hong Kong SAR (CIF) - 2022
2. Price for Electronic Integrated Circuits and Microassemblies in Hong Kong SAR (FOB) - 2022
3. Imports of Electronic Integrated Circuits and Microassemblies in Hong Kong SAR
4. Exports of Electronic Integrated Circuits and Microassemblies in Hong Kong SAR

Price for Electronic Integrated Circuits and Microassemblies in Hong Kong SAR (CIF) - 2022

In 2021, the average import price for electronic integrated circuits and microassemblieses amounted to $82 per unit, rising by 24% against the previous year. Overall, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 417%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($4.3 per unit), while the price for Malaysia ($0.2 per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electronic Integrated Circuits and Microassemblies in Hong Kong SAR (FOB) - 2022

In 2021, the average export price for electronic integrated circuits and microassemblieses amounted to $75 per unit, picking up by 188% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2016 an increase of 7,918,204% against the previous year. As a result, the export price attained the peak level of $1,764,533 per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to South Korea ($1.2 per unit) and China ($1.1 per unit), while the average price for exports to Taiwan (Chinese) ($0.9 per unit) and Vietnam ($1.1 per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+32.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Integrated Circuits and Microassemblies in Hong Kong SAR

In 2022, purchases abroad of electronic integrated circuits and microassemblieses decreased by -22.1% to 2.1B units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 5.4%. As a result, imports reached the peak of 2.7B units, and then shrank rapidly in the following year.

In value terms, electronic integrated circuits and microassemblies imports stood at $222.2B in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Electronic Integrated Circuits and Microassemblies to Hong Kong SAR in 2022:

1. Malaysia (65.9B units)
2. China (60.8B units)
3. Taiwan (Chinese) (41.0B units)
4. Singapore (30.1B units)
5. Vietnam (10.5B units)
6. Philippines (6.0B units)
7. South Korea (5.7B units)
8. Japan (5.5B units)
9. United States (3.6B units)

Exports of Electronic Integrated Circuits and Microassemblies in Hong Kong SAR

In 2022, overseas shipments of electronic integrated circuits and microassemblieses decreased by -24.4% to 2.1B units, falling for the second consecutive year after two years of growth. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 8.2%. As a result, the exports reached the peak of 5.9B units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic integrated circuits and microassemblies exports amounted to $213.8B in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Electronic Integrated Circuits and Microassemblies from Hong Kong SAR in 2022:

1. China (165.4B units)
2. Taiwan (Chinese) (8.3B units)
3. Vietnam (3.4B units)
4. India (2.9B units)

Source: IndexBox Market Intelligence Platform