Hong Kong SAR, China: Semiconductor Device Market 2025

Semiconductor Device Market Size in Hong Kong SAR, China

In 2021, the Hong Kong semiconductor device market increased by 171% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a perceptible decrease. Semiconductor device consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Semiconductor Device Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of semiconductor devices were exported from Hong Kong SAR; with a decrease of -29.5% on 2020. Overall, exports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2017 when exports increased by 316%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, semiconductor device exports fell rapidly to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 201% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for semiconductor device exports from Hong Kong SAR, with a 83% share of total exports. Moreover, semiconductor device exports to China exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.5% per year) and Vietnam (+30.9% per year).

In value terms, China ($X) remains the key foreign market for semiconductor devices exports from Hong Kong SAR, comprising 83% of total exports. The second position in the ranking was held by the United States ($X), with a 7.1% share of total exports. It was followed by Vietnam, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.9% per year) and Vietnam (+24.2% per year).

Export Prices by Country

The average semiconductor device export price stood at $X per unit in 2021, which is down by -26.8% against the previous year. In general, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 93%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then reduced markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Japan ($X per unit), while the average price for exports to China ($X per unit) and South Korea ($X per unit) were 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 (-1.6%), while the prices for the other major destinations experienced a decline.

Semiconductor Device Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of semiconductor devices increased by 178% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt shrinkage. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, semiconductor device imports skyrocketed to $X in 2021. Over the period under review, imports showed a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of 169%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Malaysia (X units) were the main suppliers of semiconductor device imports to Hong Kong SAR, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +1,991.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest semiconductor device suppliers to Hong Kong SAR were China ($X), Japan ($X) and Malaysia ($X), together comprising 64% of total imports.

Malaysia, with a CAGR of +1,249.6%, recorded the highest growth rate of 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, with a decrease of -44.6% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 100%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Philippines ($X per unit) and Japan ($X per unit), while the price for Singapore ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malta (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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