Price for Electronic Integrated Circuits and Microassemblies in Thailand - 2023

Contents:

  1. Price for Electronic Integrated Circuits and Microassemblies in Thailand (CIF) - 2023
  2. Price for Electronic Integrated Circuits and Microassemblies in Thailand (FOB) - 2023
  3. Imports of Electronic Integrated Circuits and Microassemblies in Thailand
  4. Exports of Electronic Integrated Circuits and Microassemblies in Thailand

Price for Electronic Integrated Circuits and Microassemblies in Thailand (CIF) - 2023

In July 2023, the average import price for electronic integrated circuits and microassemblieses amounted to $1.7 per unit, with an increase of 19% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 21% month-to-month. The import price peaked in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($4.3 per unit), while the price for the UK ($380 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electronic Integrated Circuits and Microassemblies in Thailand (FOB) - 2023

The average export price for electronic integrated circuits and microassemblieses stood at $331 per thousand units in July 2023, with a decrease of -3.3% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 15% month-to-month. The export price peaked at $342 per thousand units in June 2023, and then reduced modestly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was China ($482 per thousand units), while the average price for exports to Singapore ($185 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Integrated Circuits and Microassemblies in Thailand

After three years of growth, purchases abroad of electronic integrated circuits and microassemblieses decreased by -0.7% to 15B units in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 1,244% against the previous year. As a result, imports reached the peak of 15B units, leveling off in the following year.

In value terms, electronic integrated circuits and microassemblies imports soared to $19.1B in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Electronic Integrated Circuits and Microassemblies in Thailand (Billion USD)
COUNTRY201920202021CAGR,
2019-2021
Taiwan (Chinese)3.13.94.621.8%
Japan1.41.62.122.5%
China0.91.31.841.4%
United States1.21.21.34.1%
South Korea0.70.91.336.3%
Malaysia0.80.80.80.0%
Singapore0.50.60.69.5%
Philippines0.40.40.622.5%
DominicaN/AN/AN/A0%
SomaliaN/AN/AN/A0%
Others0.91.62.152.8%
Total9.812.315.124.1%

Top Suppliers of Electronic Integrated Circuits and Microassemblies to Thailand in 2022:

  1. Taiwan (Chinese) (undefinedB units)
  2. Singapore (undefinedB units)
  3. Philippines (undefinedB units)
  4. United States (undefinedB units)
  5. Malaysia (undefinedB units)
  6. China (undefinedB units)
  7. Somalia (undefinedB units)
  8. Japan (undefinedB units)
  9. South Korea (undefinedB units)
  10. Dominica (undefinedB units)

Exports of Electronic Integrated Circuits and Microassemblies in Thailand

Electronic integrated circuits and microassemblies exports from Thailand rose to 35B units in 2022, surging by 1.9% compared with 2021. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 12,299% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, electronic integrated circuits and microassemblies exports expanded rapidly to $9.2B in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Export of Electronic Integrated Circuits and Microassemblies in Thailand (Million USD)
COUNTRY201920202021CAGR,
2019-2021
Hong Kong SAR1,6241,7992,30419.1%
Singapore69581497018.1%
China6766977072.3%
Japan690651618-5.4%
Philippines37642059125.4%
United States5144545553.9%
Malaysia5024595413.8%
Others1,8561,8052,0896.1%
Total6,9327,0998,3769.9%

Top Export Markets for Electronic Integrated Circuits and Microassemblies from Thailand in 2022:

  1. Philippines (undefinedB units)
  2. United States (undefinedB units)
  3. Malaysia (undefinedB units)
  4. China (undefinedB units)
  5. Japan (undefinedB units)
  6. Singapore (0.1B units)
  7. Hong Kong SAR (0.1B units)

Source: IndexBox Market Intelligence Platform

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