U.S.: Printed Circuit Assembly Market 2024

Printed Circuit Assembly Market Size in the U.S.

The U.S. printed circuit assembly market expanded remarkably to $X in 2023, surging by X% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Printed Circuit Assembly Production in the U.S.

In value terms, printed circuit assembly production dropped to $X in 2023. The total output value increased at an average annual rate of X% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2022, and then contracted slightly in the following year.

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Printed Circuit Assembly Exports

Exports from the U.S.

In 2023, the amount of printed circuit assemblies (electronic assemblies) exported from the United States soared to X units, rising by X% on 2022. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, printed circuit assembly exports totaled $X in 2023. In general, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X units) was the main destination for printed circuit assembly exports from the United States, with a X% share of total exports. Moreover, printed circuit assembly exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of volume to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

In value terms, Mexico ($X) remains the key foreign market for printed circuit assemblies (electronic assemblies) exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2023, the average printed circuit assembly export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, saw a pronounced expansion. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Printed Circuit Assembly Imports

Imports into the U.S.

For the sixth year in a row, the United States recorded growth in overseas purchases of printed circuit assemblies (electronic assemblies), which increased by X% to X units in 2023. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the immediate term.

In value terms, printed circuit assembly imports dropped slightly to $X in 2023. In general, imports posted resilient growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2022, and then declined modestly in the following year.

Imports by Country

Taiwan (Chinese) (X units), Germany (X units) and China (X units) were the main suppliers of printed circuit assembly imports to the United States, with a combined X% share of total imports.

From 2013 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of printed circuit assemblies (electronic assemblies) to the United States, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2013 to 2023, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average printed circuit assembly import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform