Italy: Electronic Chip Market 2025

Electronic Chip Market Size in Italy

The Italian electronic chip market surged to $X in 2021, growing by 29% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 +86.1% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electronic Chip Production in Italy

In value terms, electronic chip production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. Electronic chip production peaked at $X in 2013; afterwards, it flattened through to 2021.

Electronic Chip Exports

Exports from Italy

In 2021, overseas shipments of electronic chips were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic chip exports surged to $X in 2021. Overall, exports, however, showed a perceptible shrinkage. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for electronic chip exports from Italy, accounting for a 31% share of total exports. Moreover, electronic chip exports to Singapore exceeded the volume sent to the second major destination, Romania (X units), twofold. The third position in this ranking was held by Spain (X units), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore amounted to +35.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+5.1% per year) and Spain (-9.2% per year).

In value terms, Singapore ($X) remains the key foreign market for electronic chips exports from Italy, comprising 30% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 9.3% share of total exports. It was followed by Malta, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+24.3% per year) and Malta (+5.5% per year).

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, with an increase of 16% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip export price increased by +87.7% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 27%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Romania (less than $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 Thailand (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Italy

In 2021, overseas purchases of electronic chips increased by 34% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip imports surged to $X in 2021. In general, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.9% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electronic chip to Italy, with a 40% share of total imports. Moreover, electronic chip imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. Belgium (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.6% per year) and Belgium (+26.4% per year).

In value terms, the largest electronic chip suppliers to Italy were Germany ($X), the Netherlands ($X) and France ($X), together comprising 48% of total imports. China, Ireland, Belgium, Poland, the Czech Republic, Tunisia, Romania and the UK lagged somewhat behind, together accounting for a further 26%.

Ireland, with a CAGR of +42.3%, saw 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 electronic chip import price amounted to $X per unit, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 24%. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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