Price for Electronic Integrated Circuits and Microassemblies in Luxembourg - 2023

Contents:

1. Price for Electronic Integrated Circuits and Microassemblies in Luxembourg (CIF) - 2023
2. Price for Electronic Integrated Circuits and Microassemblies in Luxembourg (FOB) - 2022
3. Imports of Electronic Integrated Circuits and Microassemblies in Luxembourg
4. Exports of Electronic Integrated Circuits and Microassemblies in Luxembourg

Price for Electronic Integrated Circuits and Microassemblies in Luxembourg (CIF) - 2023

The average import price for electronic integrated circuits and microassemblieses stood at $32.5 per unit in May 2023, rising by 27% against the previous month. In general, the import price recorded a resilient expansion. The pace of growth was the most pronounced in January 2023 an increase of 202% against the previous month. Over the period under review, average import prices reached the maximum at $33.3 per unit in February 2023; however, from March 2023 to May 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($51.0 per unit), while the price for Hong Kong SAR ($2.6 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electronic Integrated Circuits and Microassemblies in Luxembourg (FOB) - 2022

In 2021, the average export price for electronic integrated circuits and microassemblieses amounted to $16 per unit, with a decrease of -19.9% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2015 when the average export price increased by 525% against the previous year. The export price peaked at $34 per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($1 per unit), while the average price for exports to the United Arab Emirates ($0.1 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 Germany (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Integrated Circuits and Microassemblies in Luxembourg

In 2022, the amount of electronic integrated circuits and microassemblieses imported into Luxembourg reduced markedly to 1.2M units, falling by -16.8% against the previous year's figure. Over the period under review, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports attained the peak of 1.4M units, and then declined markedly in the following year.

In value terms, electronic integrated circuits and microassemblies imports reached $19M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Electronic Integrated Circuits and Microassemblies to Luxembourg in 2022:

1. Germany (31.9M units)
2. Belgium (25.2M units)
3. Philippines (9.3M units)
4. Japan (7.6M units)
5. Netherlands (4.7M units)
6. France (3.2M units)
7. China (2.1M units)
8. United States (0.6M units)

Exports of Electronic Integrated Circuits and Microassemblies in Luxembourg

In 2022, shipments abroad of electronic integrated circuits and microassemblieses decreased by -26.1% to 342K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 109%. As a result, the exports attained the peak of 462K units, and then dropped rapidly in the following year.

In value terms, electronic integrated circuits and microassemblies exports soared to $8.7M in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Electronic Integrated Circuits and Microassemblies from Luxembourg in 2022:

1. Belgium (6.9M units)
2. Netherlands (1.7M units)
3. Portugal (1.5M units)
4. France (1.2M units)
5. Germany (1.2M units)
6. United States (0.7M units)
7. Hungary (0.7M units)
8. China (0.5M units)
9. United Arab Emirates (0.4M units)
10. Poland (0.4M units)
11. Italy (0.3M units)
12. United Kingdom (0.3M units)
13. Slovakia (0.3M units)

Source: IndexBox Market Intelligence Platform