Semiconductors Import 2024: Market Shift
Global Semiconductors (devices) Import Market Landscape
In global trade, Semiconductors (devices) are tracked under HS Code 8541, covering electronic components like diodes, transistors, and integrated circuits. These high-value intermediate goods are critical inputs for electronics manufacturing, making trade flows sensitive to industrial demand and supply chain shifts.
Strategic Insights
- Market Momentum: Global semiconductor imports fluctuated sharply in 2024, peaking at $6.06B in March before declining to $3.89B by November, reflecting volatile demand and policy impacts.
- Geographic Power: Supply is monopolized by China (39.25% value share), while demand centers on processing hubs like India (20.61% import value) and Mexico (19.56%), creating asymmetric trade leverage.
- Supply Chain Structure: The market is dominated by a few high-volume suppliers and buyers, with top players controlling 58.53% of export value and 74.46% of import value, limiting diversification opportunities.
Global Semiconductors (devices) Import Trend in 2024 Whole Year
Global semiconductor imports in 2024 exhibited significant volatility amidst a backdrop of shifting industrial policy priorities [PIIE].
- Aggregate Performance: Total import value showed resilience despite considerable monthly swings, reflecting a complex and dynamic market.
- Period Dynamics: Trade flows peaked in March at $6.06B before trending downward, closing the observed period in November at $3.89B.
Table: Semiconductors (devices) Import Trend in 2024 Whole Year
| Date | Value | Weight | Unit Price | Value MoM | Weight MoM | Unit Price MoM |
|---|---|---|---|---|---|---|
| 2024-01-01 | 5.70B USD | 10.70B kg | $0.53/kg | N/A | N/A | N/A |
| 2024-02-01 | 4.79B USD | 11.16B kg | $0.43/kg | -15.90% | +4.28% | -19.35% |
| 2024-03-01 | 6.06B USD | 8.61B kg | $0.70/kg | +26.44% | -22.85% | +63.89% |
| 2024-04-01 | 4.96B USD | 7.95B kg | $0.62/kg | -18.14% | -7.66% | -11.35% |
| 2024-05-01 | 4.96B USD | 9.25B kg | $0.54/kg | +0.10% | +16.38% | -13.98% |
| 2024-06-01 | 4.52B USD | 8.57B kg | $0.53/kg | -9.01% | -7.36% | -1.78% |
| 2024-07-01 | 5.47B USD | 8.61B kg | $0.64/kg | +21.10% | +0.42% | +20.60% |
| 2024-08-01 | 4.81B USD | 9.13B kg | $0.53/kg | -12.07% | +6.03% | -17.07% |
| 2024-09-01 | 4.01B USD | 8.23B kg | $0.49/kg | -16.50% | -9.80% | -7.44% |
| 2024-10-01 | 4.38B USD | 11.82B kg | $0.37/kg | +9.07% | +43.63% | -24.07% |
| 2024-11-01 | 3.89B USD | 9.84B kg | $0.39/kg | -11.24% | -16.78% | +6.66% |
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Semiconductors (devices) Global Market Structure: Supply vs. Demand
Top Origin Countries & Production Hubs
- Dominant Supplier: China Mainland leads exports, commanding 39.25% value share and 69.02% quantity share.
- Market Structure: Highly concentrated supply. Top 3 exporters (China, Vietnam, India) hold 64.12% of global export value.
- Key Challengers: Vietnam (#2) captures 17% export value despite lower quantity share (6.04%). India (#3) shows strong value share (7.87%) versus minimal quantities (0.20%).
Top Destination Countries & Consumption Markets
- Key Buyers: India (#1, 20.61% import value) and Mexico (#2, 19.56%) dominate demand.
- Nature of Demand: Industrial processing-driven. India (49.53% quantity share) and Mexico (84.18% weight share) signal manufacturing/re-export hubs. Vietnam (#4, 13.41% value) reinforces this trend.
- Emerging Markets: Brazil (#5, 5.12%) and Pakistan (#6, 4.68%) emerge as significant importers despite low frequency.
Supply-Demand Dynamics
- Balance Assessment: Monopolistic supply (China) faces moderately consolidated demand (Top 2 importers hold 40.17% value).
- Geographic Trend: Asian-centric production (China/Vietnam/Japan) flows to processing hubs (India/Mexico/Vietnam) and end-markets (US).
- Key Takeaway: Exporters hold pricing power. China’s supply dominance and industrial importers’ dependency create asymmetric leverage.
Table: Global Semiconductors (devices) Import —— Top Destination Countries
| Destination Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| INDIA | 11.92B | 220.22B | 1.62M | 229.50M |
| MEXICO | 11.32B | 18.95B | 1.05M | 116.97B |
| UNITED STATES | 9.78B | 824.36M | 172.83K | 8.43B |
| VIETNAM | 7.76B | 131.56B | 1.04M | 6.53B |
| BRAZIL | 2.96B | 10.28B | 92.13K | 1.22B |
| PAKISTAN | ****** | ****** | ****** | ****** |
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Table: Global Semiconductors (devices) Import —— Top origin Countries
| Origin Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| CHINA MAINLAND | 22.59B | 306.57B | 2.46M | 39.16B |
| VIETNAM | 9.78B | 26.83B | 234.21K | 3.55B |
| INDIA | 4.53B | 886.16M | 77.11K | 313.91M |
| JAPAN | 3.58B | 11.19B | 254.05K | 6.59B |
| MEXICO | 2.50B | 261.14M | 134.64K | 42.40B |
| MALAYSIA | ****** | ****** | ****** | ****** |
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Global Semiconductors (devices) Import Analysis: Key Suppliers & Buyers
Suppliers Concentration & Strategy
- Power Center = Highly Consolidated: Dominators (High Value/High Freq) hold 58.53% of total export value with only 49.50% of shipments.
- Operational Style = Continuous Flow: Majority of suppliers operate in high-frequency segments (Dominators + Low Value/High Freq = 77.84% of shipments). Bulk shipments (High Value/Low Freq) are secondary.
- Buyer Implication: High reliance on a few large, stable suppliers (Dominators). Limited bulk options. Low Value/High Freq suppliers offer flexibility but minimal value share (2.46%).
Oversea Buyers Procurement Patterns
- Procurement Behavior = Dominated by Continuous Restocking: Dominator buyers (High Value/High Freq) drive 74.46% of import value with 46.58% of shipments. Bulk stockpiling (High Value/Low Freq) is minor (16.70% value).
- Market Tier = Giant-Driven: Dominator buyers are the core market. Low Value/High Freq buyers are numerous (27.07% frequency) but marginal in value (3.56%).
Market Entry & Negotiation Strategy
- For New Buyers: Prioritize securing contracts with Dominator suppliers (e.g., Nexperia, Vishay). Spot purchases from Bulk Movers (e.g., ON Semi) are possible but infrequent.
- For New Sellers: Target Dominator buyers (e.g., Goertek, Sanmina-SCI) aggressively. Their high-frequency, high-value demand is the primary opportunity. Bulk Movers (e.g., Nokia Solutions) offer secondary, project-based deals.
- Critical Risk: Over-dependence on Dominator suppliers creates vulnerability. Diversification is hard due to market concentration.
Table: Global Semiconductors (devices) Import —— Top Buyers
| Buyer Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| FIRST SOLAR INC | 1.75B | 14.84M | 40.34K | 718.95M |
| SKYWORKS SOLUTIONS DE MEXICO S DE RL DE CV | 614.18M | 203.20K | 17.72K | 1.38B |
| SEOUL SEMICONDUCTOR CO., LTD | 264.75M | 5.02B | 44.40K | 18.53M |
| ON SEMICONDUCTOR VIETNAM COMPANY LIMITED | ****** | ****** | ****** | ****** |
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Table: Global Semiconductors (devices) Import —— Top Suppliers
| Supplier Company | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| FS INDIA SOLAR VENTURES PRIVATE LIMITED | 930.21M | 7.11M | 23.24K | 138.51K |
| FIRST SOLAR VIETNAM MANUFACTURING COMPANY LTD | 870.65M | 7.69M | 15.81K | 288.12M |
| MUNDRA SOLAR PV LIMITED | 801.13M | 4.70M | 6.74K | 35.99M |
| NEXPERIA PHILIPPINES INC | ****** | ****** | ****** | ****** |
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Frequently Asked Questions
What is the HS Code for Semiconductors (devices)?
The HS Code is 8541, covering semiconductor devices like diodes, transistors, and photovoltaic cells.
Which country is the largest exporter of Semiconductors (devices) in 2024 Whole Year?
China Mainland dominates exports with $22.59B in value, leading global supply.
Who are the top importers of Semiconductors (devices) in 2024 Whole Year?
Top importers are India ($11.92B), Mexico ($11.32B), and the United States ($9.78B). Mexico often serves as a key processing hub for re-exports.
Who are the major suppliers and companies trading Semiconductors (devices) in 2024 Whole Year?
Key players include buyer First Solar Inc ($1.75B) and suppliers FS India Solar Ventures Private Limited ($930.21M) and First Solar Vietnam Manufacturing Company Ltd ($870.65M).
Why do Semiconductors (devices) import rankings sometimes differ from export destination lists?
Trade asymmetries occur because exports track intended destinations (FOB value), while imports record actual arrivals (CIF value). Trans-shipment hubs like Vietnam or Mexico further disrupt data alignment.
How to find reliable Semiconductors (devices) suppliers and exporters in 2024 Whole Year?
Use the yTrade database to access verified shipment records and active suppliers for HS Code 8541, especially in top regions like China Mainland.
Semiconductors Import 2023: Market Surge
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Semiconductors Import 2025: Market Surge
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