Thailand: Semiconductor Device Market 2024

Semiconductor Device Market Size in Thailand

The Thai semiconductor device market contracted to $X in 2021, which is down by -14% against the previous year. Over the period under review, consumption, however, enjoyed moderate growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Semiconductor Device Production in Thailand

In value terms, semiconductor device production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Semiconductor device production peaked at $X in 2020, and then declined sharply in the following year.

Semiconductor Device Exports

Exports from Thailand

In 2021, the amount of semiconductor devices exported from Thailand skyrocketed to X units, increasing by 373% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 565% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, semiconductor device exports soared to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 356%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X units) was the main destination for semiconductor device exports from Thailand, with a 59% share of total exports. Moreover, semiconductor device exports to Indonesia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Vietnam (X units), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +15,978.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+92.3% per year) and Vietnam (+62.0% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for semiconductor devices exports from Thailand, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports. It was followed by Vietnam, with a 22% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +12,914.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+49.4% per year) and Vietnam (+41.0% per year).

Export Prices by Country

The average semiconductor device export price stood at $X per unit in 2021, falling by -53.5% against the previous year. Over the period under review, the export price recorded a sharp decline. The pace of growth was the most pronounced in 2014 an increase of 91% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($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 Japan (-6.4%), while the prices for the other major destinations experienced a decline.

Semiconductor Device Imports

Imports into Thailand

For the sixth year in a row, Thailand recorded growth in overseas purchases of semiconductor devices, which increased by 109% to X units in 2021. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semiconductor device imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2014 when imports increased by 36%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest semiconductor device supplier to Thailand, accounting for a 54% share of total imports. Moreover, semiconductor device imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Singapore (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +37.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.7% per year) and Singapore (+17.2% per year).

In value terms, Japan ($X) constituted the largest supplier of semiconductor devices to Thailand, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Singapore, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.8% per year) and Singapore (-4.3% per year).

Import Prices by Country

The average semiconductor device import price stood at $X per unit in 2021, which is down by -36.3% against the previous year. In general, the import price recorded a significant decline. The most prominent rate of growth was recorded in 2015 an increase of 0.5%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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