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1. Thailand’s Electronic Circuit Industry Shows Good Performance in the First Three Quarters, with Revenue and Production Both Increasing
In the first three quarters of 2024, Thailand’s electronic circuit industry (excluding PCBA) achieved sales of 29.27 billion Thai Baht, a year-on-year increase of 5.8% (equivalent to 876 million USD, a year-on-year increase of 11.9%). Domestic sales in Thailand grew by 26.3%, while exports decreased by 0.6%. The production volume for the first three quarters was 7.53 million square meters, a year-on-year increase of 4.9%, with a capacity utilization rate of 72%. Inventory levels are good, with end-of-month inventory down 12.7% compared to the same period last year.
Table 1: Statistics of PCB Production Indicators in Thailand from January to September 2024
2. Thailand’s Import Demand for Electronic Circuits is Significant
According to Thai customs data, the total import and export value of PCBs in Thailand for the first three quarters of 2024 was 108.507 billion Thai Baht, a year-on-year increase of 28.5%. Among these, imports accounted for 73.133 billion Thai Baht, a year-on-year increase of 44.6%, while exports were 35.375 billion Thai Baht, a year-on-year increase of 4.4%.In terms of product categories, Thailand’s printed circuit imports are mainly composed of other types and single-sided boards, while exports are primarily other types and multi-layer boards.
Figure 1: Proportion of PCB Import and Export Product Categories in Thailand for the First Three Quarters of 2024
In the first three quarters, Thailand saw significant growth in both imports and exports of single-sided boards, a slight increase in double-sided board imports, and a 98.2% increase in multi-layer board imports.
Table 2: Year-on-Year Import and Export Values of Various Product Types for the First Three Quarters of 2024
3. Trade Partners: China, Japan, the United States, and South Korea are Major Trade Partners for Thailand’s Electronic Circuits, with Vietnam and Malaysia as Key Export Markets
Among the top ten countries and regions for import value, imports from China increased by 72.1%, accounting for 60.8% of total imports, an increase of 9.7 percentage points compared to 2023. Imports from South Korea, Taiwan, and Singapore also saw increases of over 30%.
Among the top ten countries and regions for export value, exports to India increased by 76.7% year-on-year, accounting for 3% of total exports, while exports to Japan increased by 29.1% year-on-year, accounting for 14.8% of total exports, an increase of 2.8 percentage points compared to 2023.
Table 3: Trade Situation of the Top Ten Countries or Regions for PCB Import and Export Value in Thailand for the First Three Quarters of 2024
Compiled by the Information Department of CPCAThailand PCB Industry Map
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