EU: Electronic Chip Market 2024

Electronic Chip Market Size in the EU

The EU electronic chip market skyrocketed to $X in 2023, jumping by X% against the previous year. Overall, consumption showed buoyant growth. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Electronic Chip Production in the EU

In value terms, electronic chip production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Electronic Chip Exports

Exports in the EU

In 2023, shipments abroad of electronic chips increased by X% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, electronic chip exports dropped slightly to $X in 2023. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank modestly in the following year.

Exports by Country

Germany (X units) and the Netherlands (X units) represented roughly X% of total exports in 2023. Belgium (X units) ranks next in terms of the total exports with a X% share, followed by France (X%). Italy (X units), Spain (X units), the Czech Republic (X units), Poland (X units), Denmark (X units), Romania (X units) and Portugal (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 the European Union stood at $X per unit in 2023, falling by X% against the previous year. Export price indicated a measured expansion from 2012 to 2023: its price 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, electronic chip export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Electronic Chip Imports

Imports in the EU

In 2023, electronic chip imports in the European Union soared to X units, picking up by X% against the previous year's figure. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, electronic chip imports stood at $X in 2023. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Germany (X units), distantly followed by Romania (X units), France (X units), Belgium (X units), Italy (X units), Poland (X units) and the Netherlands (X units) were the largest importers of electronic chips, together committing X% of total imports. Denmark (X units), the Czech Republic (X units), Austria (X units), Portugal (X units), Hungary (X units) and Ireland (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. France, Ireland, Hungary, Poland, the Czech Republic, Romania, Italy, Portugal, Austria and Denmark lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 the European Union amounted to $X per unit, falling by X% against the previous year. In general, the import price recorded a deep slump. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform