Malaysia: Electronic Chip Market 2024

Electronic Chip Market Size in Malaysia

In 2023, the Malaysian electronic chip market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption enjoyed a significant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Electronic Chip Production in Malaysia

In value terms, electronic chip production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Electronic chip production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Electronic Chip Exports

Exports from Malaysia

In 2023, approx. X units of electronic chips were exported from Malaysia; with a decrease of X% compared with 2022. In general, exports, however, enjoyed a tangible increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic chip exports contracted to $X in 2023. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

Singapore (X units) was the main destination for electronic chip exports from Malaysia, with a X% share of total exports. Moreover, electronic chip exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

In value terms, the largest markets for electronic chip exported from Malaysia were Singapore ($X), Hong Kong SAR ($X) and China ($X), with a combined X% share of total exports. The United States, Taiwan (Chinese), South Korea, the Netherlands, Japan, Germany, Thailand, the Philippines and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average electronic chip export price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic chip export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Malaysia

In 2023, after two years of growth, there was significant decline in overseas purchases of electronic chips, when their volume decreased by X% to X units. In general, total imports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, electronic chip imports fell markedly to $X in 2023. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then dropped notably in the following year.

Imports by Country

Singapore (X units), the United States (X units) and China (X units) were the main suppliers of electronic chip imports to Malaysia, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Singapore ($X) appeared to be the largest electronic chip suppliers to Malaysia, with a combined X% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw 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

The average electronic chip import price stood at $X per unit in 2023, reducing by X% against the previous year. Overall, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electronic chip import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform