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

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

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Oct 23, 2023

July 2023 Witnesses a $1.4B Surge in Electronic Chip Imports in Thailand.

Thailand Electronic Chip Imports

In July 2023, approximately 1.1B units of electronic chips were imported into Thailand; falling by -3.1% on the month before. Overall, imports continue to indicate a slight setback. The most prominent rate of growth was recorded in March 2023 when imports increased by 6.6% against the previous month. Over the period under review, imports reached the peak figure at 1.3B units in September 2022; however, from October 2022 to July 2023, imports stood at a somewhat lower figure.

In value terms, electronic chip imports surged to $1.4B (IndexBox estimates) in July 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when imports increased by 38% m-o-m. Over the period under review, imports reached the peak figure at 1.4B units in January 2023; however, from February 2023 to July 2023, imports remained at a lower figure.Thailand Electronic Chip Imports By Country (Million USD)

COUNTRYImport Value of Electronic Chip in Thailand (million USD)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Taiwan (Chinese)564355398421380319596304406457479291696
China17225721213215612615899.9130142216115128
Malaysia97.610610697.410814710863.623611318010095.6
Japan84.111611710599.311910295.110610293.511590.6
Philippines61.872.653.054.449.752.453.442.045.146.349.042.446.8
United States30.432.233.222.718.924.532.413.113.314.612.112.614.3
United Kingdom29.527.417.310.417.518.828.321.615.817.424.423.611.1
Others268332285315240208319183187242212384270
Total1,3071,2991,2211,1591,0691,0161,3978231,1391,1341,2671,0841,352

Imports by Country

Japan (254M units), China (210M units) and Taiwan (Chinese) (185M units) were the main suppliers of electronic chip imports to Thailand, together accounting for 61% of total imports. These countries were followed by the Philippines, Malaysia, the UK and the United States, which together accounted for a further 19%.

From July 2022 to July 2023, the biggest increases were in Malaysia (with a CAGR of +1.1%), while purchases for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($696M) constituted the largest supplier of electronic chip to Thailand, comprising 51% of total imports. The second position in the ranking was taken by China ($128M), with a 9.5% share of total imports. It was followed by Malaysia, with a 7.1% share.

From July 2022 to July 2023, the average monthly growth rate of value from Taiwan (Chinese) stood at +1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-2.5% per month) and Malaysia (-0.2% per month).

Imports by Type

In July 2023, electronic integrated circuits; n.e.c. in heading no. 8542 (680M units) constituted the largest type of electronic chip supplied to Thailand, with a 64% share of total imports. Moreover, electronic integrated circuits; n.e.c. in heading no. 8542 exceeded the figures recorded for the second-largest type, electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (279M units), twofold. Electronic integrated circuits (71M units) ranked third in terms of total imports with a 6.7% share.

From July 2022 to July 2023, the average monthly growth rate of the volume of import of electronic integrated circuits; n.e.c. in heading no. 8542 stood at -1.2%. With regard to the other supplied products, the following average monthly rates of growth were recorded: electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits (-2.1% per month) and electronic integrated circuits (+0.5% per month).

In value terms, the most traded types of electronic chips in Thailand were electronic integrated circuits; n.e.c. in heading no. 8542 ($659M), electronic integrated circuits; processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits ($632M) and multichip integrated circuits: memories ($57M), together comprising 100% of total imports. Electronic integrated circuits lagged somewhat behind, comprising a further 0.2%.

Import Prices by Country

In July 2023, the electronic chip price amounted to $1.3 per unit (CIF, Thailand), jumping by 29% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 31% against the previous month. Over the period under review, average import prices hit record highs in July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Taiwan (Chinese) ($3.8 per unit), while the price for Japan ($357 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electronic chip market in Thailand. 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:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • 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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