Price for Electronic Integrated Circuits; Memories in India - 2023
Contents:
- Price for Electronic Integrated Circuits; Memories in India (CIF) - 2022
- Price for Electronic Integrated Circuits; Memories in India (FOB) - 2022
- Imports of Electronic Integrated Circuits; Memories in India
- Exports of Electronic Integrated Circuits; Memories in India
Price for Electronic Integrated Circuits; Memories in India (CIF) - 2022
The average electronic integrated circuits; memories import price stood at $5.9 per unit in 2022, jumping by 34% against the previous year. Over the period under review, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 571%. The import price peaked at $10 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($21 per unit), while the price for Thailand ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electronic Integrated Circuits; Memories in India (FOB) - 2022
The average electronic integrated circuits; memories export price stood at $3.4 per unit in 2022, reducing by -39.3% against the previous year. In general, the export price, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 166%. As a result, the export price reached the peak level of $5.6 per unit, and then reduced markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($22 per unit), while the average price for exports to China ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electronic Integrated Circuits; Memories in India
In 2022, imports of electronic integrated circuits into India reached 521M units, increasing by 5.6% against the year before. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 296% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, electronic integrated circuits; memories imports skyrocketed to $3.1B in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 152%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Electronic Integrated Circuits; Memories in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1,065 | 629 | 936 | 1,414 | 9.9% |
| South Korea | 82.7 | 5.9 | 652 | 1,026 | 131.5% |
| China | 255 | 151 | 334 | 277 | 2.8% |
| Ireland | N/A | N/A | 21.9 | 132 | 502.7% |
| Singapore | 14.9 | 9.4 | 115 | 123 | 102.1% |
| Vietnam | N/A | 6.1 | 47.4 | 27.8 | 113.5% |
| Others | 44.8 | 63.7 | 72.4 | 90.1 | 26.2% |
| Total | 1,462 | 865 | 2,180 | 3,089 | 28.3% |
Top Suppliers of Electronic Integrated Circuits; Memories to India in 2022:
- Singapore (233.1M units)
- Hong Kong SAR (80.6M units)
- China (74.8M units)
- South Korea (48.9M units)
- Vietnam (29.6M units)
- Ireland (27.9M units)
Exports of Electronic Integrated Circuits; Memories in India
For the fourth year in a row, India recorded growth in overseas shipments of electronic integrated circuits, which increased by 36% to 12M units in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, electronic integrated circuits; memories exports fell significantly to $40M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 284% against the previous year. As a result, the exports attained the peak of $48M, and then plummeted in the following year.
| Export of Electronic Integrated Circuits; Memories in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 0.9 | 33.6 | 16.2 | 324.3% |
| Hong Kong SAR | 7.8 | 10.7 | 8.7 | 12.8 | 18.0% |
| Indonesia | N/A | N/A | 0.9 | 4.1 | 355.6% |
| South Korea | 1.3 | N/A | 0.8 | 4.1 | 46.6% |
| Finland | 0.3 | N/A | 0.4 | 0.6 | 26.0% |
| China | 0.8 | 0.4 | 0.6 | 0.6 | -9.1% |
| Others | 4.5 | 0.6 | 3.5 | 1.7 | -27.7% |
| Total | 14.7 | 12.6 | 48.4 | 40.1 | 39.7% |
Top Export Markets for Electronic Integrated Circuits; Memories from India in 2022:
- Hong Kong SAR (8.3M units)
- China (1.2M units)
- Vietnam (0.8M units)
- Indonesia (0.7M units)
- Finland (0.4M units)
- South Korea (0.2M units)
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314
Explore the top 10 countries in terms of import value of electronic chips and their significance in the global market. Get key statistics and numbers on the world's best import markets for electronic chips.
1115
Global demand for semiconductor chips continues to outpace supply, mainly driven by increasing procurement from both the consumer electronics sector and automobile sector in 2021, catching major semiconductor foundries TSMC and Samsung off-guard. In response, many major Asian chip manufacturers have hiked their prices by up to 20% this year. While both TSMC and Samsung have pledged to increase production capacity, market players project the chip shortfall to persist until 2022/2023.
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412
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