Report Update: May 1, 2024

U.S. - Printed Circuits - Market Analysis, Forecast, Size, Trends and Insights

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Printed Circuit Price in the United States - 2023

Printed Circuit Price in the United States (CIF) - 2023

The average printed circuit import price stood at $1.9 per unit in September 2023, increasing by 18% against the previous month. Over the period from October 2022 to September 2023, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in January 2023 an increase of 58% month-to-month. Over the period under review, average import prices attained the maximum in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($7.6 per unit), while the price for France ($232 per thousand units) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Printed Circuit Price in the United States (FOB) - 2023

In September 2023, the average printed circuit export price amounted to $4.5 per unit, declining by -10.4% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average export price increased by 41% m-o-m. The export price peaked at $5.4 per unit in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($9.7 per unit), while the average price for exports to the Philippines ($734 per thousand units) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-1.3%), while the prices for the other major destinations experienced a decline.

Printed Circuit Imports in the United States

For the fourth year in a row, the United States recorded growth in purchases abroad of printed circuits, which increased by 161% to 6M units in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, printed circuit imports surged to $2.8B in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +58.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Printed Circuit in the United States (Million USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
China	647	830	911	18.7%
Taiwan (Chinese)	356	490	657	35.8%
Japan	179	295	266	21.9%
South Korea	99.1	132	214	47.0%
Thailand	63.5	120	158	57.7%
Canada	104	115	127	10.5%
Mexico	46.4	43.4	57.0	10.8%
Others	243	298	362	22.1%
Total	1,738	2,323	2,752	25.8%

Top Suppliers of Printed Circuit to the United States in 2022:

China (3944.1K units)
Thailand (708.4K units)
South Korea (411.9K units)
Japan (266.2K units)
Taiwan (Chinese) (260.1K units)
Canada (50.4K units)
Mexico (22.6K units)

Printed Circuit Exports in the United States

In 2022, approx. 1.4M units of printed circuits were exported from the United States; picking up by 120% compared with 2021 figures. In general, exports, however, saw a deep downturn. The exports peaked at 1.7M units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, printed circuit exports reached $1.3B in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Printed Circuit in the United States (Million USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Mexico	407	460	504	11.3%
Malaysia	151	131	140	-3.7%
China	89.4	70.1	105	8.4%
Canada	74.8	74.2	85.8	7.1%
Taiwan (Chinese)	33.8	35.4	43.8	13.8%
Thailand	39.0	36.6	33.4	-7.5%
Japan	33.4	19.8	28.5	-7.6%
Hong Kong SAR	33.3	35.4	27.0	-10.0%
Hungary	21.6	23.9	16.5	-12.6%
Costa Rica	11.5	11.7	16.2	18.7%
Others	295	307	326	5.1%
Total	1,189	1,205	1,326	5.6%

Top Export Markets for Printed Circuit from the United States in 2022:

Mexico (1058.2K units)
Canada (94.8K units)
Thailand (34.3K units)
Hungary (30.2K units)
China (27.6K units)
Taiwan (Chinese) (24.1K units)
Malaysia (22.8K units)
Hong Kong SAR (19.3K units)
Japan (17.8K units)
Costa Rica (3.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the printed circuit market in the U.S.. 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 26121020 - Bare multilayer printed circuit boards
Prodcom 26121050 - Bare printed circuit boards other than multilayer
Prodcom 26121080 - Passive networks (including networks of resistors and/or capacitors) (excluding resistor chip arrays, capacitor chip arrays, boards containing active components, hybrids)

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023