ASEAN: Memories Market 2025

Memories Market Size in ASEAN

The ASEAN memories market shrank sharply to $X in 2021, with a decrease of -33.3% against the previous year. In general, consumption, however, posted pronounced growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Memories Production in ASEAN

In value terms, memories production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Memories Exports

Exports in ASEAN

After two years of decline, overseas shipments of multichip integrated circuits: memories increased by 59% to X units in 2021. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, memories exports surged to $X in 2021. Over the period under review, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 77% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Singapore represented the main exporting country with an export of about X units, which amounted to 79% of total exports. It was distantly followed by Malaysia (X units), making up a 16% share of total exports. The Philippines (X units) and Thailand (X units) took a relatively small share of total exports.

Exports from Singapore increased at an average annual rate of +16.3% from 2012 to 2021. At the same time, the Philippines (+1,122.7%) and Malaysia (+3.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +1,122.7% from 2012-2021. By contrast, Thailand (-9.3%) illustrated a downward trend over the same period. While the share of Singapore (+22 p.p.) and the Philippines (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-9.2 p.p.) and Malaysia (-17 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) remains the largest memories supplier in ASEAN, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by the Philippines, with a 9.4% share.

In Singapore, memories exports increased at an average annual rate of +15.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+18.9% per year) and the Philippines (+1,090.1% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, dropping by -12.8% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, memories export price increased by +91.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 36% against the previous year. The level of export peaked at $X per unit in 2020, and then fell in the following year.

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 the Philippines ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+15.2%), while the other leaders experienced a decline in the export price figures.

Memories Imports

Imports in ASEAN

In 2021, after four years of growth, there was significant decline in purchases abroad of multichip integrated circuits: memories, when their volume decreased by -11.5% to X units. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 93%. The volume of import peaked at X units in 2020, and then reduced in the following year.

In value terms, memories imports surged to $X in 2021. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 110% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Singapore (X units) represented the key importer of multichip integrated circuits: memories, creating 53% of total imports. Vietnam (X units) took the second position in the ranking, distantly followed by Malaysia (X units). All these countries together held near 42% share of total imports. Thailand (X units) took a little share of total imports.

Imports into Singapore increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, Vietnam (+120.0%), Thailand (+11.0%) and Malaysia (+10.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +120.0% from 2012-2021. While the share of Vietnam (+25 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-25.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported multichip integrated circuits: memories in ASEAN, comprising 56% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports. It was followed by Vietnam, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore totaled +26.6%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+21.5% per year) and Vietnam (+109.6% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, rising by 33% against the previous year. Over the period under review, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 37%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+19.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform