Electronic Parts/Components in Hong Kong

A Hot Tip about Electrical Equipment in Hong Kong SAR

Posted on: 25 Mar 2010

Overview

Hong Kong’s electronic parts and components imports in 2009 totaled US$121 billion, a decrease of nine percent from 2008. The value of U.S. electronic parts and components exports to Hong Kong was US$4.7 billion in 2009, representing a 14.7 percent decrease over 2008. Most of Hong Kong’s imports are re-exported to the manufacturing sector in China, especially to the Pearl River Delta region. Macau is not a significant importer of electronic parts or components.

 

Best Prospects/Services

Hong Kong imports a wide range of semiconductors, electronic parts, and components, particularly for computers, telecommunications equipment, telephones, toys, games, watches /clocks, and audio/visual equipment. Best prospects include integrated circuits, switches, diodes, transistors, semiconductors, capacitors, printed circuits, and parts for audio/visual, computers and telecommunications equipment.

 

Opportunities

Due to the global economic downturn in 2009, the decline in electronics components demand in 2009 was expected. According to a recent report by MarketResearch.com, as the economic crisis eases, global semiconductor sales could grow at a compound annual growth rate (CAGR) of over 10 percent by 2012. The report also projects that growth for the period of 2010-2012 will be driven by the sensors segment with CAGR projected at around 14.4 percent, followed by optoelectronics (11.5 percent), ICs (10.1 percent), and discrete semiconductors (7.8 percent).

 

The Asia-Pacific region will account for more than half of the global semiconductor market by the end of 2012, with countries such as India and China fueling the bulk of demand. China, being one of the key world Electronic Manufacturing Services providers (expected to account for 76 percent of all EMS output in Asia and 54 percent worldwide by 2010) will benefit from the growth of worldwide spending. Since Hong Kong plays an important role in U.S. exports to mainland China (70 percent, or US$95 billion, of Hong Kong’s total exports of electronic parts and components in 2008 went to China), shipments of electronic parts and components into Hong Kong is expected to grow.

 

 

Read the full market research report


Posted: 25 March 2010