Northern America: Electronic Chip Market 2024

Electronic Chip Market Size in Northern America

In 2023, after two years of growth, there was significant decline in the North American electronic chip market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Electronic Chip Production in Northern America

In value terms, electronic chip production fell modestly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Electronic Chip Exports

Exports in Northern America

After two years of growth, shipments abroad of electronic chips decreased by X% to X units in 2023. Total exports indicated moderate growth from 2012 to 2023: its volume 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 most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, electronic chip exports reduced sharply to $X in 2023. Total exports indicated a measured increase from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, the United States (X units) represented the largest exporter of electronic chips in Northern America, achieving X% of total export.

The United States was also the fastest-growing in terms of the electronic chips exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of the United States increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest electronic chip supplier in Northern America.

In the United States, electronic chip exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Electronic Chip Imports

Imports in Northern America

After two years of growth, overseas purchases of electronic chips decreased by X% to X units in 2023. In general, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, electronic chip imports contracted sharply to $X in 2023. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then declined remarkably in the following year.

Imports by Country

The United States prevails in imports structure, reaching X units, which was approx. X% of total imports in 2023. Canada (X units) held a relatively small share of total imports.

The United States was also the fastest-growing in terms of the electronic chips imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electronic chips in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States stood at X%.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per unit, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform