Price for Electronic Integrated Circuits; Memories in Singapore - 2022

Contents:

  1. Price for Electronic Integrated Circuits; Memories in Singapore (FOB) - 2022
  2. Price for Electronic Integrated Circuits; Memories in Singapore (CIF) - 2022
  3. Exports of Electronic Integrated Circuits; Memories in Singapore
  4. Imports of Electronic Integrated Circuits; Memories in Singapore

Price for Electronic Integrated Circuits; Memories in Singapore (FOB) - 2022

In 2022, the average electronic integrated circuits; memories export price amounted to $1.2 per unit, with a decrease of -8.4% against the previous year. Overall, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 an increase of 45%. The export price peaked at $1.5 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2 per unit), while the average price for exports to the Philippines ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electronic Integrated Circuits; Memories in Singapore (CIF) - 2022

The average electronic integrated circuits; memories import price stood at $2 per unit in 2022, falling by -9.5% against the previous year. Overall, the import price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 91%. As a result, import price attained the peak level of $2.2 per unit, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($4.9 per unit), while the price for the Philippines ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electronic Integrated Circuits; Memories in Singapore

In 2022, the amount of electronic integrated circuits exported from Singapore surged to 24B units, growing by 36% on the year before. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, electronic integrated circuits; memories exports soared to $28.6B in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Electronic Integrated Circuits; Memories in Singapore (Billion USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR5.85.99.812.027.4%
Taiwan (Chinese)3.03.34.65.723.9%
China3.33.23.03.84.8%
Malaysia2.12.32.73.316.3%
United States0.81.10.81.111.2%
South Korea0.40.60.50.614.5%
PhilippinesN/AN/AN/AN/A0%
Others1.21.41.62.120.5%
Total16.617.723.128.619.9%

Top Export Markets for Electronic Integrated Circuits; Memories from Singapore in 2022:

  1. Hong Kong SAR (8.9B units)
  2. Taiwan (Chinese) (7.0B units)
  3. Malaysia (2.0B units)
  4. China (1.9B units)
  5. United States (1.4B units)
  6. South Korea (0.5B units)
  7. Philippines (0.4B units)

Imports of Electronic Integrated Circuits; Memories in Singapore

In 2022, supplies from abroad of electronic integrated circuits increased by 28% to 9.8B units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt setback. Over the period under review, imports hit record highs at 12B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electronic integrated circuits; memories imports surged to $19.5B in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.5% 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 +83.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Electronic Integrated Circuits; Memories in Singapore (Billion USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)6.06.510.311.925.6%
Malaysia2.53.13.74.319.8%
Japan0.80.91.11.214.5%
United States0.70.80.91.116.3%
China0.30.50.40.518.6%
Thailand0.10.10.10.10.0%
PhilippinesN/AN/AN/AN/A0%
Others0.20.30.30.426.0%
Total10.612.316.919.522.5%

Top Suppliers of Electronic Integrated Circuits; Memories to Singapore in 2022:

  1. China (2.5B units)
  2. Taiwan (Chinese) (2.4B units)
  3. United States (1.7B units)
  4. Malaysia (1.2B units)
  5. Japan (1.0B units)
  6. Philippines (0.4B units)
  7. Thailand (0.3B units)

Source: IndexBox Market Intelligence Platform

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