ASEAN: Electronic Chip Market 2025

Electronic Chip Market Size in ASEAN

For the fifth year in a row, the ASEAN electronic chip market recorded growth in sales value, which increased by 3.8% to $X in 2021. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.4% against 2016 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the near future.

Electronic Chip Production in ASEAN

In value terms, electronic chip production shrank modestly to $X in 2021 estimated in export price. In general, production recorded a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 27%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Electronic Chip Exports

Exports in ASEAN

In 2021, the amount of electronic chips exported in ASEAN soared to X units, growing by 37% on the previous year. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.7% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip exports soared to $X in 2021. Overall, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore represented the largest exporting country with an export of around X units, which accounted for 46% of total exports. Malaysia (X units) took the second position in the ranking, distantly followed by the Philippines (X units), Thailand (X units) and Vietnam (X units). All these countries together held near 53% share of total exports.

Exports from Singapore decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Vietnam (+45.4%), Malaysia (+23.6%), Thailand (+11.7%) and the Philippines (+1.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +45.4% from 2012-2021. While the share of Malaysia (+17 p.p.), the Philippines (+13 p.p.), Vietnam (+6.3 p.p.) and Thailand (+4.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-40.4 p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

Vietnam, with a CAGR of +38.0%, saw the highest growth rate of 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 2021, the export price in ASEAN amounted to $X per unit, growing by 19% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip export price increased by +44.8% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.0%), while the other leaders experienced mixed trends in the export price figures.

Electronic Chip Imports

Imports in ASEAN

In 2021, approx. X units of electronic chips were imported in ASEAN; with a decrease of -3.8% compared with the previous year's figure. In general, imports continue to indicate a slight decline. The growth pace was the most rapid in 2017 when imports increased by 19%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electronic chip imports soared to $X in 2021. Over the period under review, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by 28%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

In 2021, Singapore (X units) represented the largest importer of electronic chips, making up 50% of total imports. Vietnam (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (13%), the Philippines (7.7%) and Thailand (4.7%). Indonesia (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electronic chip imports into Singapore stood at -3.7%. At the same time, Vietnam (+19.4%), the Philippines (+8.8%) and Malaysia (+2.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +19.4% from 2012-2021. By contrast, Indonesia (-9.1%) and Thailand (-16.8%) illustrated a downward trend over the same period. Vietnam (+17 p.p.), the Philippines (+7.7 p.p.) and Malaysia (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Singapore and Thailand saw its share reduced by -3.7%, -9.5% and -16.3% from 2012 to 2021, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported electronic chips in ASEAN, comprising 48% of total imports. The second position in the ranking was held by Vietnam ($X), with a 22% share of total imports. It was followed by Malaysia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore stood at +6.8%. In the other countries, the average annual rates were as follows: Vietnam (+22.3% per year) and Malaysia (+9.1% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, jumping by 30% against the previous year. Over the period under review, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+27.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform