Price for Electronic Integrated Circuits; Memories in China - 2023
Contents:
- Price for Electronic Integrated Circuits; Memories in China (CIF) - 2023
- Price for Electronic Integrated Circuits; Memories in China (FOB) - 2023
- Imports of Electronic Integrated Circuits; Memories in China
- Exports of Electronic Integrated Circuits; Memories in China
Price for Electronic Integrated Circuits; Memories in China (CIF) - 2023
In June 2023, the average electronic integrated circuits; memories import price amounted to $1.8 per unit, growing by 2% against the previous month. In general, the import price, however, showed a perceptible slump. The growth pace was the most rapid in September 2022 an increase of 8.1% month-to-month. Over the period under review, average import prices reached the maximum at $2.7 per unit in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was South Korea ($3.0 per unit), while the price for the Philippines ($265 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electronic Integrated Circuits; Memories in China (FOB) - 2023
The average electronic integrated circuits; memories export price stood at $2.0 per unit in June 2023, with a decrease of -3.9% against the previous month. In general, the export price recorded a perceptible curtailment. The pace of growth appeared the most rapid in April 2023 an increase of 20% month-to-month. The export price peaked at $3.1 per unit in July 2022; however, from August 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was India ($5.9 per unit), while the average price for exports to Singapore ($654 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Electronic Integrated Circuits; Memories in China
In 2022, imports of electronic integrated circuits into China rose notably to 41B units, picking up by 8.3% on the previous year's figure. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 9.4% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, electronic integrated circuits; memories imports amounted to $101.3B in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Electronic Integrated Circuits; Memories in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 44.4 | 38.5 | 45.0 | 48.3 | 2.8% |
| Japan | 6.4 | 5.7 | 6.9 | 6.1 | -1.6% |
| Singapore | 2.7 | 1.9 | 2.4 | 2.2 | -6.6% |
| Malaysia | 1.0 | 0.7 | 0.7 | 1.1 | 3.2% |
| Thailand | 0.3 | 0.2 | 0.3 | 0.4 | 10.1% |
| Philippines | 0.3 | 0.4 | 0.2 | 0.3 | 0.0% |
| Taiwan (Chinese) | 24.8 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 34.6 | 44.4 | 43.0 | 375.5% |
| Total | 80.4 | 81.9 | 99.9 | 101 | 7.9% |
Top Suppliers of Electronic Integrated Circuits; Memories to China in 2022:
- South Korea (10.6B units)
- Singapore (3.8B units)
- Japan (3.3B units)
- Malaysia (1.3B units)
- Philippines (0.8B units)
- Thailand (0.6B units)
Exports of Electronic Integrated Circuits; Memories in China
After three years of growth, shipments abroad of electronic integrated circuits decreased by -5.8% to 25B units in 2022. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of 26B units, and then contracted in the following year.
In value terms, electronic integrated circuits; memories exports reduced to $70.3B in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +34.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of $75.8B, and then declined in the following year.
| Export of Electronic Integrated Circuits; Memories in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 14.3 | 15.0 | 18.8 | 20.2 | 12.2% |
| Vietnam | 1.2 | 2.8 | 4.7 | 5.6 | 67.1% |
| Malaysia | 3.0 | 2.4 | 2.7 | 3.5 | 5.3% |
| Singapore | 1.4 | 1.7 | 1.7 | 1.7 | 6.7% |
| Japan | 0.7 | 0.6 | 0.7 | 1.2 | 19.7% |
| Philippines | 1.6 | 1.2 | 1.0 | 0.8 | -20.6% |
| United States | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Hong Kong SAR | 17.7 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 9.6 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 31.8 | 46.0 | 36.8 | 141.9% |
| Total | 52.4 | 55.8 | 75.8 | 70.3 | 10.3% |
Top Export Markets for Electronic Integrated Circuits; Memories from China in 2022:
- South Korea (5.3B units)
- Singapore (1.5B units)
- Vietnam (1.4B units)
- Malaysia (0.6B units)
- Japan (0.6B units)
- United States (0.3B units)
- Philippines (0.2B units)
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