Views: 0 Author: Site Editor Publish Time: 2024-07-20 Origin: Site
The PCB industry in Thailand has demonstrated robust growth momentum in the first half of 2024, with various data indicators pointing to a positive development trend for the sector.
Market Data and Growth Performance
Sales: According to data, the electronic circuit (excluding PCBA) sales in Thailand reached 9.3 billion Thai Baht in the first quarter of 2024, marking a year-on-year increase of 2% (equivalent to US$260 million, down 0.9% in USD terms). This indicates that the Thai PCB industry has maintained stable growth amidst the complex and volatile global economic environment.
Production Volume and Capacity Utilization: Production volume hit 2.43 million square meters in the first quarter, up 1% year-on-year, with a capacity utilization rate of 71%. This suggests that industry production activities are robust, with high capacity utilization.
Product Mix and Trade Dynamics
Product Mix: Thailand's PCB imports are dominated by multi-layer boards, with import volumes increasing by 22.4% year-on-year, reflecting strong demand for high-end PCB products. Exports, on the other hand, are mainly single-sided boards and others, but the overall export value has declined by 4.7% year-on-year.
Trade Partners: Key import partners include Singapore, Taiwan, South Korea, and China, with significant growth in import values. As for exports, Romania, Germany, and South Korea have seen increased demand, while traditional markets like China and Indonesia have experienced a decline in export values.
Policy and Investment Trends
Government Policies: The Thai government, through the Board of Investment (BOI), has introduced a series of preferential policies aimed at attracting more PCB enterprises to establish production bases in Thailand. This policy backdrop has attracted the attention and investment of numerous renowned PCB enterprises from both domestic and international markets.
Corporate Investments: Multiple PCB companies have increased their investments in Thailand to cater to the restructuring of global supply chains and shifts in market demand. For instance, HULC accelerated the construction of its production base in Thailand's Logana Industrial Estate, with plans to commence mass production in the fourth quarter of 2024.
In summary, the PCB industry in Thailand has shown positive development in terms of sales, production, product mix, trade dynamics, policy support, and investment trends in the first half of 2024. However, faced with global economic uncertainties and intensifying competition, the Thai PCB industry must continue to strengthen technological innovation and market expansion capabilities to navigate future market changes.
