Price for Electronic Integrated Circuits and Microassemblies in Spain - 2023

Contents:

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

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

The average import price for electronic integrated circuits and microassemblieses stood at $4.1 per unit in May 2023, dropping by -5.4% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 124% against the previous month. Over the period under review, average import prices attained the peak figure at $8.6 per unit in December 2022; however, from January 2023 to May 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Belgium ($9.6 per unit), while the price for Portugal ($847 per thousand units) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Portugal (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2021, the average export price for electronic integrated circuits and microassemblieses amounted to $4.7 per unit, shrinking by -23.6% against the previous year. In general, the export price showed a pronounced contraction. The growth pace was the most rapid in 2017 when the average export price increased by 200% against the previous year. Over the period under review, the average export prices attained the peak figure at $6.3 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Morocco ($0.4 per unit), while the average price for exports to Sweden (less than $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 the United States (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Integrated Circuits and Microassemblies in Spain

In 2022, after two years of decline, there was growth in supplies from abroad of electronic integrated circuits and microassemblieses, when their volume increased by 4.9% to 134M units. In general, imports, however, saw a noticeable setback. Imports peaked at 154M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, electronic integrated circuits and microassemblies imports soared to $1.1B in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. Germany (4995.8M units)
2. France (1120.7M units)
3. Netherlands (709.8M units)
4. Japan (504.3M units)
5. Belgium (293.9M units)
6. Italy (286.0M units)
7. Portugal (227.9M units)
8. China (181.9M units)
9. United Kingdom (54.8M units)
10. United States (26.5M units)

Exports of Electronic Integrated Circuits and Microassemblies in Spain

In 2022, approx. 66M units of electronic integrated circuits and microassemblieses were exported from Spain; with a decrease of -15.7% against the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of 78M units, and then plummeted in the following year.

In value terms, electronic integrated circuits and microassemblies exports stood at $371M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. Germany (1443.5M units)
2. France (784.0M units)
3. Italy (744.3M units)
4. Portugal (641.4M units)
5. Netherlands (308.1M units)
6. Morocco (242.1M units)
7. Poland (234.1M units)
8. United Kingdom (215.8M units)
9. Sweden (168.4M units)

Source: IndexBox Market Intelligence Platform