Market for Semiconductor And Related Device in the United States
Market Overview
The U.S. semiconductor and related device market surged to $
in , picking up by % 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). The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Semiconductor and related device consumption peaked in and is expected to retain growth in years to come.
In value terms, semiconductor and related device production rose slightly to $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of %. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production failed to regain momentum.
in , picking up by % 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). The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Semiconductor and related device consumption peaked in and is expected to retain growth in years to come.In value terms, semiconductor and related device production rose slightly to $
in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of %. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production failed to regain momentum.Consumption
After two years of decline, consumption of semiconductor and related devices increased by % to tons in . Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2018 to , the growth of the consumption remained at a somewhat lower figure.
The value of the semiconductor and related device market in the United States surged to $ in , growing by % 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). The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in and is expected to retain growth in the near future.
% to tons in . Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From 2018 to , the growth of the consumption remained at a somewhat lower figure.The value of the semiconductor and related device market in the United States surged to $
in , growing by % 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). The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in and is expected to retain growth in the near future.Market Forecast
The semiconductor and related device market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the ten-year period from to , which is projected to depress the market volume to tons by the end of .
% for the ten-year period from to , which is projected to depress the market volume to tons by the end of .Market Structure
Semiconductor and related device market in the United States consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United States relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
The United States remains a net exporter of semiconductor and related device; in physical and value terms, exports consistently exceeded imports from 2013 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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