European chip market growth far behind China's

March 06, 2017 // By Peter Clarke
Europe's chip market put on a growth spurt in January 2017 although it continues to lag way behind feverish expansion of chip markets in China and Asia-Pacific, according to numbers from the European Semiconductor Industry Association (ESIA).

The three-month average for European chip market in January was $2.836 billion up 4.8 percent year-on-year and up 6.6 percent in euros. However, the three-month average for the Chinese chip market stood at $10.148 billion in January, up 20.5 percent year-on-year.

China represents about one-third of the global market for chips and the Asia-Pacific region, including China but excluding Japan, accounts for about half the global chip market.

The three-month average for global market grew by 13.9 percent year-on-year in January to stand at $30.632 billion, according to ESIA, which reports numbers compiled by the World Semiconductor Trade Statistics organization.

Three-month average of sales for January 2017 and December 2016. Source: ESIA/WSTS.

The year-to-date figures, which are based on actual monthly numbers, rather than three-month averaged numbers show Europe doing better and that it has been catching up with the other regions in terms of growth Similarly, while the Americas and Japan's regions continue to grow strongly there are indications that the very high growth seen recently in Asia-Pacific and China is not sustainable and is starting to fall.

Monthly data is given by the ESIA as a three-month average, with the exception of year-to-date figures, although the WSTS organization tracks actual monthly data. The ESIA 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.

Related links and articles:

www.eusemiconductors.eu

www.semiconductors.org

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