Asia: Semiconductor Device Market 2024

Semiconductor Device Market Size in Asia

In 2021, the Asian semiconductor device market increased by 8.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Semiconductor Device Production in Asia

In value terms, semiconductor device production fell to $X in 2021 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Semiconductor Device Exports

Exports in Asia

In 2021, approx. X units of semiconductor devices were exported in Asia; growing by 14% compared with 2020. In general, exports, however, recorded a perceptible reduction. The growth pace was the most rapid in 2017 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, semiconductor device exports expanded to $X in 2021. Overall, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 14%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of about X units, which finished at 52% of total exports. The Philippines (X units) ranks second in terms of the total exports with a 24% share, followed by Singapore (5.6%). Thailand (X units), Malaysia (X units), South Korea (X units) and Israel (X units) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to semiconductor device exports from China stood at +2.8%. At the same time, Thailand (+53.0%), South Korea (+28.9%), Israel (+17.6%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +53.0% from 2012-2021. By contrast, Singapore (-3.1%) and the Philippines (-12.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Thailand, South Korea, Malaysia and Israel increased by +25, +4.2, +2.5, +2.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest semiconductor device supplying countries in Asia were China ($X), the Philippines ($X) and South Korea ($X), together accounting for 55% of total exports. These countries were followed by Malaysia, Singapore, Israel and Thailand, which together accounted for a further 30%.

Among the main exporting countries, Israel, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of exports, 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 Asia amounted to $X per unit, which is down by -8.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 17%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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 South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+9.3%), while the other leaders experienced more modest paces of growth.

Semiconductor Device Imports

Imports in Asia

For the third consecutive year, Asia recorded growth in supplies from abroad of semiconductor devices, which increased by 48% to X units in 2021. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 59% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, semiconductor device imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Philippines prevails in imports structure, amounting to X units, which was approx. 63% of total imports in 2021. Hong Kong SAR (X units) took a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (5.7%) and Indonesia (4.8%). Singapore (X units), South Korea (X units) and Malaysia (X units) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the semiconductor devices imports, with a CAGR of +53.4% from 2012 to 2021. At the same time, Thailand (+25.3%), Indonesia (+12.4%), South Korea (+8.5%), Singapore (+4.3%) and Malaysia (+1.4%) displayed positive paces of growth. By contrast, Hong Kong SAR (-6.5%) illustrated a downward trend over the same period. The Philippines (+59 p.p.) and Thailand (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while South Korea, Singapore, Malaysia and Hong Kong SAR saw its share reduced by -1.6%, -4.5%, -5.4% and -32.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), the Philippines ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 45% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of +22.6%, saw the highest growth rate of 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 2021, the import price in Asia amounted to $X per unit, falling by -24.3% against the previous year. Over the period under review, the import price saw a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 10%. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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