United Kingdom: Semiconductor Device Market 2024

Semiconductor Device Market Size in the UK

After two years of growth, the UK semiconductor device market decreased by -6% to $X in 2021. Over the period under review, consumption, however, enjoyed a buoyant increase. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Semiconductor Device Production in the UK

In value terms, semiconductor device production dropped to $X in 2021 estimated in export price. In general, production, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 97% against the previous year. Semiconductor device production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Semiconductor Device Exports

Exports from the UK

In 2021, overseas shipments of semiconductor devices were finally on the rise to reach X units after two years of decline. Overall, exports showed a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 67% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, semiconductor device exports soared to $X in 2021. Over the period under review, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for semiconductor device exports from the UK, accounting for a 46% share of total exports. Moreover, semiconductor device exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. The United States (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.4% per year) and the United States (+9.1% per year).

In value terms, the largest markets for semiconductor device exported from the UK were Germany ($X), the United States ($X) and Hong Kong SAR ($X), together comprising 69% of total exports. These countries were followed by the Netherlands, France, the Czech Republic, Italy and Romania, which together accounted for a further 11%.

Romania, with a CAGR of +36.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average semiconductor device export price stood at $X per unit in 2021, growing by 31% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 Italy (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Device Imports

Imports into the UK

In 2021, semiconductor device imports into the UK declined markedly to X units, falling by -27.5% against 2020. Overall, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 212% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, semiconductor device imports shrank to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 70%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Hong Kong SAR (X units) were the main suppliers of semiconductor device imports to the UK, with a combined 85% share of total imports. The Netherlands, Thailand, the Philippines and Belgium lagged somewhat behind, together comprising a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +47.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor device suppliers to the UK were Hong Kong SAR ($X), China ($X) and Germany ($X), with a combined 30% share of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +33.5%, saw the highest rates of growth with regard to 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 average semiconductor device import price stood at $X per unit in 2021, rising by 18% against the previous year. Over the period under review, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 105% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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