U.S.: Market for Semiconductor And Related Devices 2024

Market Size for Semiconductor And Related Devices in the U.S.

In 2023, the U.S. semiconductor and related device market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption, however, recorded a pronounced slump. Semiconductor and related device consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Semiconductor And Related Devices in the U.S.

In value terms, semiconductor and related device production reduced notably to $X in 2023. Over the period under review, production, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Semiconductor and related device production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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Exports of Semiconductor And Related Devices

Exports from the U.S.

In 2023, exports of semiconductor and related devices from the United States surged to X tons, jumping by X% on the previous year's figure. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, semiconductor and related device exports fell to $X in 2023. The total export 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 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Mexico (X tons) and the Philippines (X tons) were the main destinations of semiconductor and related device exports from the United States, with a combined X% share of total exports.

From 2013 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest markets for semiconductor and related device exported from the United States worldwide, with a combined X% share of total exports. Malaysia, Hong Kong SAR, South Korea, Germany, the Philippines, Singapore, Thailand, Japan and Costa Rica lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of 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 semiconductor and related device export price stood at $X per kg in 2022, rising by X% against the previous year. In general, the export price, however, faced a drastic downturn. The export price peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per kg), while the average price for exports to Costa Rica ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Semiconductor And Related Devices

Imports into the U.S.

Semiconductor and related device imports into the United States skyrocketed to X tons in 2023, rising by X% compared with 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see gradual growth in years to come.

In value terms, semiconductor and related device imports dropped to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined in the following year.

Imports by Country

Malaysia (X tons), Vietnam (X tons) and Japan (X tons) were the main suppliers of semiconductor and related device imports to the United States, with a combined X% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and China ($X) were the largest semiconductor and related device suppliers to the United States, with a combined X% share of total imports. Vietnam, Japan, Germany and India lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average semiconductor and related device import price amounted to $X per kg, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a precipitous slump. Over the period under review, average import prices hit record highs at $X per kg in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per kg), while the price for India ($X per kg) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform