Views: 0 Author: Site Editor Publish Time: 2025-01-17 Origin: Site
The Thai government attaches great importance to the development of semiconductors and advanced electronics industries. In December 2024, it established the National Semiconductor and Advanced Electronics Policy Committee and approved a related development strategy framework. This strategy aims to elevate Thailand's position as a production hub for semiconductors and advanced electronic products in the region, planning to attract no less than 500 billion Thai baht in investment funds within the next five years.
The Board of Investment of Thailand (BOI) has played an active role in promoting PCB industry investments, providing tax incentives and other support measures for eligible PCB investment projects.
Sales and Production Growth: According to data, in the first three quarters of 2024, Thailand's electronic circuits (excluding PCBAs) achieved sales of 29.27 billion Thai baht, a year-on-year increase of 5.8% (in USD terms, it was $876 million, a year-on-year increase of 11.9%). Production reached 7.53 million square meters, up 4.9% year-on-year.
Capacity Utilization and Inventory: The capacity utilization rate for the first three quarters was 72%, and month-end inventory was down 12.7% compared to the same period last year, indicating good inventory management and market demand.
Import and Export: In the first three quarters of 2024, Thailand's PCB import and export totaled 108.507 billion Thai baht, a year-on-year increase of 28.5%. Among them, imports amounted to 73.133 billion Thai baht, a year-on-year increase of 44.6%; exports were 35.375 billion Thai baht, a year-on-year increase of 4.4%. Imports mainly comprised multilayer boards and single-sided boards, while exports were dominated by multilayer boards and others.
Investment Growth: Since 2018, the number and value of investment projects in Thailand's PCB products have continued to rise. Especially in 2023, the number of projects and investment value surged to 45 and 9.7 billion Thai baht, respectively, showing strong investment growth momentum.
Technological Advancement: With multilayer PCB manufacturers accounting for about 30% of companies receiving investment support, and flexible PCB manufacturers starting to enter the Thai market, the technological level of Thailand's PCB industry is constantly improving.
Industry Cluster Formation: It is expected that more leading global PCB manufacturers will invest in Thailand, jointly creating a PCB industry cluster. This will further enhance Thailand's position in the global PCB market.
Corporate Expansion: Several well-known PCB manufacturing companies, such as Sunlord Electronics, Shengyi Electronics, and Worldway Circuit, have established production bases or increased capital in Thailand to expand market share and production capacity.
Human Resource Demand: With the rapid development of the PCB industry, Thailand's demand for skilled workers and engineers is also increasing. To meet this demand, educational institutions such as Mahanakorn University of Technology Thailand are cooperating with industry associations and companies to conduct short-term training programs to enhance workers' skills.
In summary, Thailand's PCB industry in 2024 exhibited positive development trends in terms of policy promotion, market performance, industry trends and investments, as well as corporate dynamics and human resource needs. In the future, with the continued development of the global electronics industry and further support from Thai government policies, Thailand's PCB industry is expected to usher in even broader development prospects.
