Europe: Electronic Chip Market 2024

Electronic Chip Market Size in Europe

The Europe electronic chip market surged to $X in 2023, picking up by X% against the previous year. The total consumption indicated a resilient expansion 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. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Electronic Chip Production in Europe

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% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Electronic Chip Exports

Exports in Europe

In 2023, approx. X units of electronic chips were exported in Europe; surging by X% compared with 2022 figures. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, electronic chip exports fell modestly to $X in 2023. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

Germany (X units) and the Netherlands (X units) represented the key exporters of electronic chips in 2023, finishing at near X% and X% of total exports, respectively. Belgium (X units) ranks next in terms of the total exports with a X% share, followed by France (X%). Switzerland (X units), Russia (X units), Italy (X units), Spain (X units), the Czech Republic (X units), Poland (X units), Denmark (X units) and Romania (X units) took a little share of total exports.

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, the largest electronic chip supplying countries in Europe were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2023, the export price in Europe amounted to $X per unit, waning by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. 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 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2023, the export prices stood at a somewhat 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 Russia (less than $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 Europe

For the fourth year in a row, Europe recorded growth in purchases abroad of electronic chips, which increased by X% to X units in 2023. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, electronic chip imports stood at $X in 2023. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are 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) represented the largest importers of electronic chips, together making up 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) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) constituted 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 comprising a further X%.

Ireland, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Europe stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the import price recorded a abrupt decline. The most prominent rate of growth was recorded 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 stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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