Asia-Pacific: Electronic Chip Market 2024

Electronic Chip Market Size in Asia-Pacific

In 2023, the Asia-Pacific electronic chip market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Electronic Chip Production in Asia-Pacific

In value terms, electronic chip production amounted to $X in 2023 estimated in export price. The total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Electronic Chip Exports

Exports in Asia-Pacific

After three years of growth, shipments abroad of electronic chips decreased by X% to X units in 2023. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2022, and then reduced in the following year.

In value terms, electronic chip exports dropped to $X in 2023. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X.2B in 2022, and then contracted in the following year.

Exports by Country

The biggest shipments were from Hong Kong SAR (X units), China (X units), Taiwan (Chinese) (X units) and Singapore (X units), together finishing at X% of total export. It was distantly followed by South Korea (X units) and Japan (X units), together mixing up a X% share of total exports. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Electronic Chip Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of electronic chips decreased by X% to X units, falling for the second year in a row after ten years of growth. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, electronic chip imports dropped to $X in 2023. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X.7B. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

China was the major importer of electronic chips in Asia-Pacific, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. Hong Kong SAR (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Taiwan (Chinese) (X%). South Korea (X units), Malaysia (X units) and Japan (X units) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electronic chip importing markets in Asia-Pacific were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2022, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform