China's Thyristor Market to Grow at a Modest Rate of +0.6% CAGR over the Next Decade - News and Statistics - IndexBox

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IndexBox has just published a new report: China - Semiconductor Thyristors, Diacs And Triacs - Market Analysis, Forecast, Size, Trends And Insights.

The semiconductor thyristor market in China is forecasted to experience a slight increase in performance, with a 0.6% CAGR expected from 2024 to 2035. This growth is anticipated to lead to significant gains in market volume and value by the end of the forecast period.

Driven by rising demand for semiconductor thyristor in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2024 to 2035, which is projected to bring the market volume to 1.9B units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.6% for the period from 2024 to 2035, which is projected to bring the market value to $21.4B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 1.8B units of semiconductor thyristors, diacs and triacs were consumed in China; reducing by -11.7% against 2023 figures. Overall, consumption continues to indicate a deep slump. Semiconductor thyristor consumption peaked at 5.5B units in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

The revenue of the semiconductor thyristor market in China reduced to $20B in 2024, which is down by -11.7% 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). Over the period under review, consumption showed a deep slump. Over the period under review, the market reached the peak level at $61.9B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

In 2024, semiconductor thyristor production in China amounted to 5.7B units, almost unchanged from the year before. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 0.6%. Over the period under review, production attained the peak volume at 5.7B units in 2022; afterwards, it flattened through to 2024.

In value terms, semiconductor thyristor production reduced to $492M in 2024 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 30%. As a result, production reached the peak level of $833M. From 2016 to 2024, production growth failed to regain momentum.

In 2024, after two years of decline, there was growth in supplies from abroad of semiconductor thyristors, diacs and triacs, when their volume increased by 3.1% to 1.9B units. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 69,904% against the previous year. Imports peaked at 2.9B units in 2021; however, from 2022 to 2024, imports remained at a lower figure.

In value terms, semiconductor thyristor imports shrank to $239M in 2024. Over the period under review, imports, however, saw a mild setback. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $347M. From 2022 to 2024, the growth of imports remained at a somewhat lower figure.

Japan (281M units), Taiwan (Chinese) (214M units) and France (145M units) were the main suppliers of semiconductor thyristor imports to China, together accounting for 35% of total imports. South Korea, the Philippines, Italy, Austria, Thailand and Israel lagged somewhat behind, together comprising a further 18%.

From 2013 to 2023, the biggest increases were recorded for Austria (with a CAGR of +83.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($44M) constituted the largest supplier of semiconductor thyristors, diacs and triacs to China, comprising 16% of total imports. The second position in the ranking was taken by South Korea ($18M), with a 6.4% share of total imports. It was followed by Austria, with a 4.7% share.

From 2013 to 2023, the average annual rate of growth in terms of value from Japan amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+19.6% per year) and Austria (+61.3% per year).

In 2023, the average semiconductor thyristor import price amounted to $151 per thousand units, remaining constant against the previous year. Over the period under review, the import price posted modest growth. The pace of growth appeared the most rapid in 2022 an increase of 24% against the previous year. The import price peaked at $85 per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($1.1 per unit), while the price for France ($31 per thousand units) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Israel (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, approx. 5.8B units of semiconductor thyristors, diacs and triacs were exported from China; surging by 5.4% compared with the previous year's figure. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. Over the period under review, the exports attained the maximum at 7.4B units in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

In value terms, semiconductor thyristor exports fell to $453M in 2024. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2015 when exports increased by 79%. The exports peaked at $751M in 2021; however, from 2022 to 2024, the exports remained at a lower figure.

Germany (4.1B units), Vietnam (2.5B units) and India (1.6B units) were the main destinations of semiconductor thyristor exports from China.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($333M) remains the key foreign market for semiconductor thyristors, diacs and triacs exports from China, comprising 65% of total exports. The second position in the ranking was taken by Singapore ($52M), with a 10% share of total exports. It was followed by Japan, with a 4.6% share.

From 2013 to 2023, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-6.5% per year) and Japan (+7.9% per year).

The average semiconductor thyristor export price stood at $93 per thousand units in 2023, growing by 27% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 38% against the previous year. As a result, the export price attained the peak level of $169 per thousand units. From 2016 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($233 per thousand units), while the average price for exports to Vietnam ($3.6 per thousand units) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+0.6%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semiconductor thyristor market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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