China: Semiconductor Device Market 2024

Semiconductor Device Market Size in China

The Chinese semiconductor device market fell slightly to $X in 2021, with a decrease of -3.9% against the previous year. Overall, consumption, however, continues to indicate a pronounced contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Semiconductor Device Production in China

In value terms, semiconductor device production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Semiconductor Device Exports

Exports from China

In 2021, the amount of semiconductor devices exported from China soared to X units, with an increase of 37% on the previous year's figure. Over the period under review, exports showed a tangible expansion. The growth pace was the most rapid in 2019 when exports increased by 42%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, semiconductor device exports skyrocketed to $X in 2021. In general, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for semiconductor device exports from China, accounting for a 42% share of total exports. It was followed by Kazakhstan (X units), with a 1.1% share of total exports. The third position in this ranking was held by Russia (X units), with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+120.8% per year) and Russia (+23.7% per year).

In value terms, Singapore ($X) remains the key foreign market for semiconductor devices exports from China, comprising 53% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore stood at +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-10.2% per year) and the United States (-5.1% per year).

Export Prices by Country

In 2021, the average semiconductor device export price amounted to $X per unit, which is down by -13.8% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.8%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Device Imports

Imports into China

In 2021, overseas purchases of semiconductor devices increased by 2.3% to X units, rising for the third year in a row after two years of decline. In general, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, semiconductor device imports soared to $X in 2021. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Philippines (X units) constituted the largest supplier of semiconductor device to China, with a 19% share of total imports. Moreover, semiconductor device imports from the Philippines exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. Japan (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines totaled +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+25.3% per year) and Japan (-22.2% per year).

In value terms, the largest semiconductor device suppliers to China were the UK ($X), Japan ($X) and the United States ($X), together accounting for 29% of total imports. The Philippines, Malaysia, Switzerland, South Korea, Vietnam and Thailand lagged somewhat behind, together comprising a further 15%.

The Philippines, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average semiconductor device import price amounted to $X per unit, rising by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2015 an increase of 33%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+61.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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