U.S.: Market for Semiconductor And Related Devices 2024

Market Size for Semiconductor And Related Devices in the U.S.

In 2022, the U.S. semiconductor and related device market decreased by X% to $X.3B for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, enjoyed a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then declined dramatically in the following year.

Production of Semiconductor And Related Devices in the U.S.

In value terms, semiconductor and related device production contracted to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021, and then contracted slightly in the following year.

Exports of Semiconductor And Related Devices

Exports from the U.S.

In 2022, after two years of growth, there was significant decline in overseas shipments of semiconductor and related devices, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, semiconductor and related device exports shrank modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

Malaysia (X tons), Mexico (X tons) and the Philippines (X tons) were the main destinations of semiconductor and related device exports from the United States, with a combined X% share of total exports.

From 2013 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for semiconductor and related device exported from the United States worldwide, with a combined X% share of total exports. Malaysia, Hong Kong SAR, South Korea, Germany, the Philippines, Singapore, Thailand, Japan and Costa Rica lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average semiconductor and related device export price amounted to $X per kg, growing by X% against the previous year. Over the period under review, the export price, however, showed a deep downturn. Over the period under review, the average export prices reached the maximum at $X per kg in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per kg), while the average price for exports to Costa Rica ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Semiconductor And Related Devices

Imports into the U.S.

In 2022, purchases abroad of semiconductor and related devices decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, semiconductor and related device imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Malaysia (X tons), Vietnam (X tons) and Japan (X tons) were the main suppliers of semiconductor and related device imports to the United States, together accounting for X% of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest semiconductor and related device suppliers to the United States, with a combined X% share of total imports. Vietnam, Japan, Germany and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded 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

In 2022, the average semiconductor and related device import price amounted to $X per kg, growing by X% against the previous year. In general, the import price, however, faced a dramatic downturn. The import price peaked at $X per kg in 2014; however, from 2015 to 2022, 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) ($X per kg), while the price for India ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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