Singapore: Semiconductor Device Market 2024

Semiconductor Device Market Size in Singapore

The Singaporean semiconductor device market shrank sharply to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a noticeable setback. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Semiconductor Device Production in Singapore

In value terms, semiconductor device production totaled less than $X in 2022 estimated in export price. Over the period under review, production showed a sharp setback. The most prominent rate of growth was recorded in 2016 when the production volume decreased by X%. Semiconductor device production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Semiconductor Device Exports

Exports from Singapore

In 2022, after two years of growth, there was significant decline in shipments abroad of semiconductor devices, when their volume decreased by X% to X units. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, semiconductor device exports declined sharply to $X in 2022. In general, exports, however, continue to indicate measured growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Vietnam (X units) and Thailand (X units) were the main destinations of semiconductor device exports from Singapore, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for semiconductor devices exports from Singapore, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average semiconductor device export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price showed a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Device Imports

Imports into Singapore

In 2022, purchases abroad of semiconductor devices increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, semiconductor device imports amounted to $X in 2022. In general, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X units), China (X units) and the Philippines (X units) were the main suppliers of semiconductor device imports to Singapore, with a combined X% share of total imports. Malaysia, South Korea, the United States, Israel and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and the Philippines ($X) constituted the largest semiconductor device suppliers to Singapore, together comprising X% of total imports. Malaysia, the United States, Israel, Japan and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Israel, with a CAGR of X%, saw 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 2022, the average semiconductor device import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Thailand (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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