Singapore: Electronic Chip Market 2025

Electronic Chip Market Size in Singapore

The Singaporean electronic chip market contracted notably to $X in 2021, with a decrease of -57.8% against the previous year. In general, consumption recorded a pronounced downturn. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Electronic Chip Production in Singapore

In value terms, electronic chip production declined to $X in 2021 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +14.9% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Electronic Chip Exports

Exports from Singapore

In 2021, overseas shipments of electronic chips increased by 20% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable decline. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electronic chip exports soared to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X units), China (X units) and Malaysia (X units) were the main destinations of electronic chip exports from Singapore, together comprising 58% of total exports. These countries were followed by Taiwan (Chinese), Vietnam, the United States, South Korea, Japan, Thailand, the Netherlands, Germany and Indonesia, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +18.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for electronic chips exports from Singapore, comprising 36% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.8% per year) and Taiwan (Chinese) (+5.5% per year).

Export Prices by Country

In 2021, the average electronic chip export price amounted to $X per unit, growing by 9% against the previous year. In general, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.4% 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 +97.3% against 2013 indices. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Singapore

Electronic chip imports into Singapore fell to X units in 2021, declining by -13.1% compared with 2020. Over the period under review, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 19%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electronic chip imports soared to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.5% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest electronic chip supplier to Singapore, with a 44% share of total imports. Moreover, electronic chip imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.1% per year) and South Korea (-8.5% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of electronic chips to Singapore, comprising 45% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.8% per year) and South Korea (+1.6% per year).

Import Prices by Country

In 2021, the average electronic chip import price amounted to $X per unit, jumping by 52% against the previous year. Overall, the import price continues to indicate resilient growth. As a result, import price reached the peak level 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 Japan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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