Semiconductor Thyristor Market

The article analyzes the semiconductor thyristor market, forecasting a decrease in consumption over the next eight years. Global consumption, production, imports, and exports are examined, with detailed insights on key countries such as India, China, and Hong Kong SAR. The market performance, including volume, value, and trends, from 2012 to 2022 is outlined, providing valuable information for industry stakeholders and researchers.

Market Forecast

The semiconductor thyristor market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 7.2B units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $38.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Semiconductor Thyristors, Diacs And Triacs

In 2022, global consumption of semiconductor thyristors, diacs and triacs soared to 7.3B units, rising by 26% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +106.5% against 2017 indices. Over the period under review, global consumption hit record highs at 8.4B units in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

The global semiconductor thyristor market size reduced modestly to $29.7B in 2022, with a decrease of -3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the global market hit record highs at $88.3B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Consumption By Country

India (3B units) remains the largest semiconductor thyristor consuming country worldwide, comprising approx. 41% of total volume. Moreover, semiconductor thyristor consumption in India exceeded the figures recorded by the second-largest consumer, Hong Kong SAR (1B units), threefold. The third position in this ranking was held by China (905M units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume in India totaled +35.5%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+18.2% per year) and China (-13.8% per year).

In value terms, China ($11.9B), Germany ($10.5B) and France ($994M) appeared to be the countries with the highest levels of market value in 2022, with a combined 79% share of the global market.

France, with a CAGR of +37.5%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of semiconductor thyristor per capita consumption was registered in Hong Kong SAR (137 units per person), followed by Slovakia (21 units per person), Hungary (11 units per person) and Taiwan (Chinese) (6 units per person), while the world average per capita consumption of semiconductor thyristor was estimated at 0.9 units per person.

From 2012 to 2022, the average annual rate of growth in terms of the semiconductor thyristor per capita consumption in Hong Kong SAR stood at +17.5%. In the other countries, the average annual rates were as follows: Slovakia (-2.9% per year) and Hungary (-1.7% per year).

Production

World Production of Semiconductor Thyristors, Diacs And Triacs

In 2022, the amount of semiconductor thyristors, diacs and triacs produced worldwide reduced modestly to 9.4B units, with a decrease of -3.9% against 2021. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 5.6%. Global production peaked at 9.7B units in 2021, and then declined modestly in the following year.

In value terms, semiconductor thyristor production declined modestly to $4.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 23% against the previous year. As a result, production reached the peak level of $5.6B. From 2015 to 2022, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of semiconductor thyristor production was China (6.2B units), comprising approx. 66% of total volume. Moreover, semiconductor thyristor production in China exceeded the figures recorded by the second-largest producer, Japan (633M units), tenfold. The third position in this ranking was taken by Hong Kong SAR (536M units), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Japan (-0.2% per year) and Hong Kong SAR (+0.5% per year).

Imports

World Imports of Semiconductor Thyristors, Diacs And Triacs

For the third consecutive year, the global market recorded growth in purchases abroad of semiconductor thyristors, diacs and triacs, which increased by 15% to 8.2B units in 2022. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 44%. Global imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, semiconductor thyristor imports skyrocketed to $2.2B in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

The countries with the highest levels of semiconductor thyristor imports in 2022 were India (3B units), China (2.1B units) and Hong Kong SAR (1.9B units), together reaching 85% of total import. Singapore (306M units), the United States (275M units), Germany (138M units) and Thailand (124M units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +34.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, India ($375M), Hong Kong SAR ($319M) and China ($316M) were the countries with the highest levels of imports in 2022, with a combined 45% share of global imports.

India, with a CAGR of +22.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average semiconductor thyristor import price amounted to $0.3 per unit, rising by 18% against the previous year. Overall, the import price, however, saw a perceptible reduction. Over the period under review, average import prices hit record highs at $0.4 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($1.7 per unit), while India ($0.1 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 (+3.6%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Semiconductor Thyristors, Diacs And Triacs

In 2022, overseas shipments of semiconductor thyristors, diacs and triacs decreased by -7.2% to 10B units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 31% against the previous year. The global exports peaked at 11B units in 2021, and then reduced in the following year.

In value terms, semiconductor thyristor exports reduced to $1.8B in 2022. Over the period under review, total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +10.2% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 35%. As a result, the exports reached the peak of $2.4B. From 2019 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

In 2022, China (7.4B units) was the largest exporter of semiconductor thyristors, diacs and triacs, comprising 72% of total exports. It was distantly followed by Hong Kong SAR (1.4B units), making up a 14% share of total exports. Japan (417M units), Singapore (223M units) and the Netherlands (219M units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to semiconductor thyristor exports from China stood at +9.3%. At the same time, the Netherlands (+46.7%) and Hong Kong SAR (+1.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.7% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Japan (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and the Netherlands increased by +17 and +2.1 percentage points, respectively.

In value terms, China ($540M) remains the largest semiconductor thyristor supplier worldwide, comprising 30% of global exports. The second position in the ranking was taken by Hong Kong SAR ($248M), with a 14% share of global exports. It was followed by the Netherlands, with a 3.9% share.

In China, semiconductor thyristor exports increased at an average annual rate of +7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+5.3% per year) and the Netherlands (+19.6% per year).

Export Prices By Country

The average semiconductor thyristor export price stood at $0.2 per unit in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $0.3 per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($0.3 per unit), while China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.4%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform