Puerto Rico: Electronic Chip Market 2025

Electronic Chip Market Size in Puerto Rico

The Puerto Rican electronic chip market reduced to $X in 2021, waning by -6.8% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 +48.1% against 2015 indices. Puerto Rico consumption peaked at $X in 2020, and then reduced in the following year.

Electronic Chip Production in Puerto Rico

In value terms, electronic chip production contracted to $X in 2021 estimated in export price. In general, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.0% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 25% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Electronic Chip Exports

Exports from Puerto Rico

Electronic chip exports from Puerto Rico stood at less than X units in 2021, approximately equating 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, electronic chip exports stood at less than $X in 2021. In general, exports recorded a relatively flat trend pattern.

Exports by Country

Hong Kong SAR (X units) and South Africa (less than X units) represented the main exporters of electronic chips in 2021, accounting for near 41% and less than 0.1% of total exports, respectively. Singapore (X units) took an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by China (8.1%), Taiwan (Chinese) (7.6%), the United States (7.2%) and South Korea (5.7%). The following exporters - Malaysia (X units), Japan (X units), the Philippines (X units), Thailand (X units) and Germany (X units) - together made up 13% of total exports.

From 2012 to 2021, average annual rates of growth with regard to electronic chips exports from Hong Kong SAR and South Africa stood at +20.4% and -67.2%, respectively. At the same time, Malaysia (+23.6%), South Korea (+16.5%), Thailand (+11.7%), China (+6.4%), Taiwan (Chinese) (+1.9%) and the Philippines (+1.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.6% from 2012-2021. The United States experienced a relatively flat trend pattern. By contrast, Japan (-1.7%), Germany (-1.9%) and Singapore (-2.1%) illustrated a downward trend over the same period. Hong Kong SAR (+35 p.p.), South Korea (+4.5 p.p.), China (+4.4 p.p.), Malaysia (+3.5 p.p.), the Philippines (+2.4 p.p.) and Taiwan (Chinese) (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while South Africa saw its share reduced by -48.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 51% of total exports. Singapore, South Korea, Malaysia, the United States, Japan, the Philippines, Germany, Thailand and South Africa lagged somewhat behind, together comprising a further 41%.

Malaysia, with a CAGR of +17.8%, saw the highest growth rate of the value of exports, among the main exporting countries 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 Puerto Rico amounted to less than $X per thousand units, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per thousand units), while Thailand ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+214.0%), while the other leaders experienced more modest paces of growth.

Electronic Chip Imports

Imports into Puerto Rico

In 2021, imports of electronic chips into Puerto Rico stood at less than X units, remaining stable against 2020. Overall, imports saw a relatively flat trend pattern.

In value terms, electronic chip imports stood at less than $X in 2021. In general, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Hong Kong SAR (X units), distantly followed by China (X units), Singapore (X units), Hungary (X units) and the United States (X units) were the main importers of electronic chips, together comprising 57% of total imports. The following importers - Vietnam (X units), Germany (X units), Japan (X units), Mexico (X units), Malaysia (X units), Taiwan (Chinese) (X units), France (X units) and Belgium (X units) - together made up 22% of total imports.

Imports into Hong Kong SAR increased at an average annual rate of +5.1% from 2012 to 2021. At the same time, Vietnam (+19.4%), Belgium (+10.9%), China (+3.9%), Malaysia (+2.7%), Mexico (+1.9%), France (+1.2%) and Taiwan (Chinese) (+1.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +19.4% from 2012-2021. Germany experienced a relatively flat trend pattern. By contrast, Hungary (-2.6%), the United States (-3.0%), Singapore (-3.7%) and Japan (-5.4%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+23 p.p.), China (+11 p.p.), Singapore (+9.3 p.p.), Hungary (+6.8 p.p.), the United States (+5.6 p.p.), Vietnam (+4.1 p.p.), Germany (+3.1 p.p.), Mexico (+2.9 p.p.), Japan (+2.9 p.p.), Malaysia (+2.5 p.p.), Taiwan (Chinese) (+2.3 p.p.), France (+2 p.p.) and Belgium (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Hong Kong SAR ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 61% share of total imports. These countries were followed by Taiwan (Chinese), Vietnam, the United States, Malaysia, Japan, Mexico, Germany, France, Hungary and Belgium, which together accounted for a further 25%.

Among the main importing countries, Vietnam, with a CAGR of +22.3%, 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

The import price in Puerto Rico stood at less than $X per thousand units in 2021, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern.

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 China ($X per thousand units), while Hungary ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :