Price for Electronic Integrated Circuits and Microassemblies in the UK - 2023
Contents:
- Price for Electronic Integrated Circuits and Microassemblies in the UK (CIF) - 2022
- Price for Electronic Integrated Circuits and Microassemblies in the UK (FOB) - 2022
- Imports of Electronic Integrated Circuits and Microassemblies in the UK
- Exports of Electronic Integrated Circuits and Microassemblies in the UK
Price for Electronic Integrated Circuits and Microassemblies in the UK (CIF) - 2022
In 2022, the average import price for electronic integrated circuits and microassemblieses amounted to $670 per unit, rising by 12% against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 81% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Czech Republic ($680 per unit) and the Netherlands ($679 per unit), while the price for Taiwan (Chinese) ($647 per unit) and South Korea ($648 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electronic Integrated Circuits and Microassemblies in the UK (FOB) - 2022
The average export price for electronic integrated circuits and microassemblieses stood at $14 per unit in 2022, which is down by -16.5% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 21%. As a result, the export price reached the peak level of $118 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($14 per unit) and the United States ($14 per unit), while the average price for exports to Israel ($14 per unit) and Hungary ($14 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-17.7%), while the prices for the other major destinations experienced a decline.
Imports of Electronic Integrated Circuits and Microassemblies in the UK
In 2022, purchases abroad of electronic integrated circuits and microassemblieses was finally on the rise to reach 4.8M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep downturn. Imports peaked at 7.5M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electronic integrated circuits and microassemblies imports surged to $3.2B in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electronic Integrated Circuits and Microassemblies in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 108 | 118 | 155 | 561 | 73.2% |
| Taiwan (Chinese) | 135 | 168 | 219 | 527 | 57.5% |
| China | 104 | 83.5 | 244 | 492 | 67.9% |
| United States | 260 | 240 | 208 | 252 | -1.0% |
| South Korea | 22.5 | 36.8 | 90.2 | 244 | 121.3% |
| Thailand | 47.6 | 44.5 | 77.0 | 196 | 60.3% |
| Philippines | 26.7 | 23.6 | 57.3 | 166 | 83.9% |
| Hong Kong SAR | 20.0 | 21.1 | 76.4 | 165 | 102.1% |
| Germany | 347 | 209 | 378 | 92.7 | -35.6% |
| Netherlands | 377 | 494 | 809 | 68.1 | -43.5% |
| France | 57.6 | 44.2 | 120 | 47.8 | -6.0% |
| Ireland | 45.9 | 34.1 | 43.7 | 25.8 | -17.5% |
| Belgium | 64.1 | 67.3 | 81.3 | 10.7 | -44.9% |
| Others | 219 | 218 | 240 | 398 | 22.0% |
| Total | 1,834 | 1,802 | 2,800 | 3,247 | 21.0% |
Top Suppliers of Electronic Integrated Circuits and Microassemblies to the UK in 2022:
- Malaysia (826.0K units)
- Taiwan (Chinese) (814.4K units)
- China (723.8K units)
- South Korea (376.2K units)
- United States (371.2K units)
- Thailand (288.9K units)
- Philippines (244.9K units)
- Hong Kong SAR (243.5K units)
- Germany (136.5K units)
- Netherlands (100.2K units)
- France (70.3K units)
- Ireland (38.0K units)
- Belgium (15.8K units)
Exports of Electronic Integrated Circuits and Microassemblies in the UK
Electronic integrated circuits and microassemblies exports from the UK soared to 149M units in 2022, with an increase of 48% on the previous year. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electronic integrated circuits and microassemblies exports skyrocketed to $2.1B in 2022. The total export value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electronic Integrated Circuits and Microassemblies in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 187 | 194 | 399 | 478 | 36.7% |
| Thailand | 245 | 252 | 305 | 275 | 3.9% |
| United States | 178 | 141 | 193 | 248 | 11.7% |
| Hong Kong SAR | 62.6 | 66.1 | 94.8 | 188 | 44.3% |
| China | 33.9 | 36.4 | 75.9 | 103 | 44.8% |
| Netherlands | 27.1 | 35.2 | 77.4 | 101 | 55.0% |
| Malaysia | 80.1 | 63.2 | 75.7 | 71.3 | -3.8% |
| France | 91.8 | 70.9 | 50.7 | 55.6 | -15.4% |
| Switzerland | 10.8 | 9.0 | 23.9 | 45.8 | 61.9% |
| Singapore | 25.8 | 23.8 | 34.5 | 40.0 | 15.7% |
| Israel | 11.1 | 7.7 | 13.8 | 37.5 | 50.1% |
| Italy | 53.2 | 44.5 | 34.8 | 32.3 | -15.3% |
| Japan | 66.0 | 53.0 | 31.9 | 20.3 | -32.5% |
| Others | 456 | 425 | 265 | 376 | -6.2% |
| Total | 1,529 | 1,422 | 1,676 | 2,071 | 10.6% |
Top Export Markets for Electronic Integrated Circuits and Microassemblies from the UK in 2022:
- Germany (34.4M units)
- Thailand (19.8M units)
- United States (17.9M units)
- Hong Kong SAR (13.5M units)
- China (7.4M units)
- Netherlands (7.3M units)
- Malaysia (5.1M units)
- France (4.0M units)
- Switzerland (3.3M units)
- Singapore (2.9M units)
- Israel (2.7M units)
- Italy (2.3M units)
- Japan (1.5M units)
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