Americas surge bounces global chip market higher
In the last quarter of 2021 the global the US and Canadian market for semiconductors was up 38.4 percent compared with a year before, driving a global rise in the chip market of 28.3 percent.
The Chinese market, responsible for a third of global semiconductor purchases, also jumped, to 29.2 percent, based on three-month average sales compiled by World Semiconductor Trade Statistics organization and reported by the US Semiconductor Industry Association.
The use of a three-month moving average (3MMA) means that the SIA’s December’s figures are averages of December, November and October and a proxy for the fourth quarter.
Bucking the trend
The global semiconductor market in December 2021 was $50.85 billion, up 28.3 percent compared with a year before. This is an extreme bounce from 23.5 percent growth in November and breaking a trend of reduction that had been taking place since August 2021.
While the Americas region and China jumped Europe and Asia-Pacific not including China ticked up only slightly recording growth figures of 27.0 percent and 22.4 percent, respectively. Japan continued a gradual decline in growth rate that has been happening since September 2021 Its market grew 18.9 percent compared with a year before compared with 19.5 percent in November and 23.7 percent in October.
Three-month average of chip sales by geographic region for December and November 2021. Source: SIA/WSTS.
“In 2021, amid the ongoing global chip shortage, semiconductor companies substantially ramped up production to unprecedented levels to address persistently high demand, resulting in record chip sales and units shipped,” said John Neuffer, SIA CEO, in a statement. “Demand for semiconductor production is projected to rise significantly in the years ahead, as chips become even more heavily embedded in the essential technologies of now and the future.”
Full year sales
For the full year of 2021 sales into the Americas market saw the largest increase (27.4 percent). China remained the largest individual market for semiconductors, with sales there totaling $192.5 billion in 2021, an increase of 27.1 percent. Annual sales also increased in 2021 in Europe (27.3 percent), Asia Pacific/All Other (25.9 percent), and Japan (19.8 percent).
By product segment analog had the highest annual growth rate at 33.1 percent, reaching $74 billion in 2021 sales. Logic ($154.8 billion in 2021 sales) and memory ($153.8 billion) were the largest semiconductor categories by sales. Annual sales of logic products increased by 30.8 percent compared to 2020, while sales of memory products were up 30.9 percent. Sales of micro-ICs – a category based on microprocessors and microcontrollers – increased 15.1 percent to $80.2 billion in 2021. Non-memory product sales when combined increased by 24.5 percent in 2021. Sales of automotive ICs increased 34.3 percent year-over-year to a record high of $26.4 billion.
Monthly data is given by the SIA as a three-month average although the source of the data, World Semiconductor Trade Statistics, tracks monthly data. The SIA and other regional semiconductor industry bodies opt to use averaged data because it evens out the actual data that typically shows troughs at the beginnings of quarters and peaks at the ends of quarters.
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