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Mexico - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Mexico - Electronic Integrated Circuits and Microassemblies - Market Analysis, Forecast, Size, Trends and Insights

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Jul 24, 2023

Mexico Sees a Surge in Electronic Chip Prices, Reaching $1.3 per Unit

Mexico Electronic Chip Import Price in April 2023

In April 2023, the electronic chip price stood at $1.3 per unit (CIF, Mexico), growing by 45% against the previous month. Overall, import price indicated pronounced growth from April 2022 to April 2023: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, electronic chip import price increased by +44.8% against March 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 67% against the previous month. The import price peaked in April 2023.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Malaysia ($4.0 per unit), while the price for the United States ($209 per thousand units) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Singapore (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Electronic Chip in Mexico (USD per thousand units)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Malaysia4,1003,0002,8393,5263,6722,4824,4423,8542,0713,0622,9901,9633,956
China1,0808551,0573329511,2941,1098959461,0319799491,832
Philippines9658741,1531,001844904721908605766938776799
Taiwan (Chinese)648504487294575575516530463664616612729
Singapore145167159166163291393512299342403366619
Thailand653750719644539618634597612595673568571
Japan464431398581571400495473455403574408443
United States118154134140149172171175196222269216209
Average7537047234898188889148697131,0171,0048851,282

Mexico Electronic Chip Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In April 2023, the product with the highest price was electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits ($2.6 per unit), while the price for electronic integrated circuits; n.e.c. in heading no. 8542 ($464 per thousand units) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by electronic integrated circuits; n.e.c. in heading no. 8542 (+4.3%), while the prices for the other products experienced mixed trend patterns.

Mexico Electronic Chip Imports

After two months of growth, overseas purchases of electronic chips decreased by -6.8% to 2.1B units in April 2023. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in July 2022 with an increase of 62% against the previous month. As a result, imports attained the peak of 4.6B units. From August 2022 to April 2023, the growth of imports failed to regain momentum.

In value terms, electronic chip imports soared to $2.7B (IndexBox estimates) in April 2023. The total import value increased at an average monthly rate of +2.0% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Mexico Electronic Chip Imports by Type

Electronic integrated circuits; n.e.c. in heading no. 8542 (1.2B units), electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (744M units) and multichip integrated circuits: memories (79M units) were the main products of electronic chip imports to Mexico, together comprising 97% of total imports.

From April 2022 to April 2023, the biggest increases were in electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (with a CAGR of +1.0%), while purchases for the other products experienced mixed trend patterns.

In value terms, electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits ($2B) constituted the largest type of electronic chip supplied to Mexico, comprising 74% of total imports. The second position in the ranking was held by electronic integrated circuits; n.e.c. in heading no. 8542 ($553M), with a 21% share of total imports. It was followed by multichip integrated circuits: memories, with a 3.4% share.

Mexico Electronic Chip Imports by Country

the United States (560M units), Taiwan (Chinese) (502M units) and China (341M units) were the main suppliers of electronic chip imports to Mexico, together accounting for 68% of total imports. Malaysia, Thailand, Japan, the Philippines and Singapore lagged somewhat behind, together accounting for a further 24%.

From April 2022 to April 2023, the biggest increases were in Thailand (with a CAGR of +2.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($624M), Malaysia ($604M) and Taiwan (Chinese) ($366M) appeared to be the largest electronic chip suppliers to Mexico, together comprising 60% of total imports.

Among the main suppliers, China, with a CAGR of +3.3%, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electronic chip market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26113003 - Multichip integrated circuits: processors and controllers, w hether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
  • Prodcom 26113006 - Electronic integrated circuits (excluding multichip circuits): processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
  • Prodcom 26113023 - Multichip integrated circuits: memories
  • Prodcom 26113027 - Electronic integrated circuits (excluding multichip circuits): dynamic random-access memories (D-RAMs)
  • Prodcom 26113034 - Electronic integrated circuits (excluding multichip circuits): static random-access memories (S-RAMs), including cache random-access memories (cache-RAMs)
  • Prodcom 26113054 - Electronic integrated circuits (excluding multichip circuits): UV erasable, programmable, read only memories (EPROMs)
  • Prodcom 26113065 - Electronic integrated circuits (excluding multichip circuits): electrically erasable, programmable, read only memories (E.PROMs), including flash E.PROMs
  • Prodcom 26113067 - Electronic integrated circuits (excluding multichip circuits): other memories
  • Prodcom 26113080 - Electronic integrated circuits: amplifiers
  • Prodcom 26113091 - Other multichip integrated circuits n.e.c.
  • Prodcom 26113094 - Other electronic integrated circuits n.e.c.

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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