WECC Global PCB Production Report For 2014 Published October 2015 A Product of the Partnership among these WECC Member Associations on Behalf of their Members in the Electronic Circuits Industry Worldwide
Table of Contents About the WECC Global PCB Statistical Program... 1 2014 PCB Production Value... 3 Industry Growth... 5 Country and Regional Profiles PCB Product Categories... 7 PCB Vertical Markets... 13 Appendix: Average Exchange Rates for 2013 and 2014... 17 Copyright 2015, World Electronic Circuits Council. All rights reserved under international copyright conventions. Any copying, scanning or other reproduction of these materials without the prior written consent of the copyright holder is strictly prohibited.
ABOUT THE WECC GLOBAL PCB STATISTICAL PROGRAM Development Team The World Electronic Circuits Council (WECC) is a strategic partnership formed in 1998 by the major industry associations serving member companies in the global electronic circuits industry. Its purpose is to increase the global influence and effectiveness of its member organizations for the benefit and improvement of the industry. The member associations cooperate on standards, market research, marketing, resource development, environmental issues, world trade, and economic and political affairs. The member organizations of WECC formed a working group in 2005 to pool their statistical resources and produce a global statistical report on printed circuit board (PCB) production for the benefit of their members. This group became the WECC Statistics and Market Committee. The following associations and their representatives contributed to this report and are active members of the WECC Statistics and Market Committee: CPCA Kevin Yan, Vice President, China Printed Circuit Association, kevin_yyh@cpca.org.cn EIPC Kirsten Smit-Westenberg, Executive Director, European Institute of Printed Circuits, KWestenberg@eipc.org HKPCA Daniel Chan, Executive Director, Hong Kong Printed Circuit Association, chandkb@hkpca.org HKPCA Manda Wong, Administration Officer, Hong Kong Printed Circuit Association, mandawong@hkpca.org IPC Sharon Starr, Director of Market Research, IPC, sharonstarr@ipc.org, (committee chair) JPCA Noriaki Wakakuri, Section Chief, Japan Electronics Packaging and Circuits Association, wakakuri@jpca.org JPCA Nanako Okabe, Associate Leader, Japan Electronics Packaging and Circuits Association, okabe@jpca.org JPCA Kunio Takahara, Deputy General Manager, Japan Electronics Packaging and Circuits Association, takahara@jpca.org KPCA Minsu Lee, Deputy Secretary General, Korea Printed Circuit Association, choryuone@kpca.or.kr TPCA Michelle Hung, Deputy Secretary General, Taiwan Printed Circuit Association, michelle@tpca.org.tw The WECC members are grateful for Dr. Hayao Nakahara s generous contribution of data on PCB production in India. Please contact the representative at your association with any questions about the report or suggestions for improving this program. Availability The WECC Global PCB Production Reports are available only from these participating associations to their members. The reports are not available for sale. 1
Methodology The WECC Global PCB Production Report includes estimates of PCB production by country or region based on the data collected by the WECC organizations from their member PCB companies. The estimates in these reports may differ from estimates published by other organizations due to differences in methodology and sources. No source of data on worldwide PCB production can claim to be 100 percent accurate. There are only estimates based on data collected from representative samples of the companies in the industry. WECC has published its Global PCB Production Reports since 2005. The reports are published annually. The data are collected by the associations and reported here in local currencies so that real growth rates can be shown. For the sake of comparability, all of the estimates are also reported in U.S. dollars. These nominal values are not adjusted for inflation or for fluctuations in exchange rates. Year-on-year growth rates have been adjusted for currency fluctuations. A table of average exchange rates for the period is included as an appendix to this report. Confidentiality Policy It is the WECC organizations policy never to share any company-specific information with other associations (including the other WECC members) or with their member companies. Only aggregate data are shared for the compilation of this report. In this way, the WECC associations maintain complete confidentiality for all of their member companies. Definitions PCB production attributed to a country or region reflects the value of the PCBs produced there, regardless of where the companies are headquartered, and should not be confused with the PCB market (i.e., where PCBs are sold). Many flexible circuit producers also offer assembly and other value-added services. Because these producers sell assembled or partially assembled boards, it can be difficult for them to separate the value of the bare circuits from total sales. The estimates for flexible circuit production in this report, therefore, may include some assembly revenue. 2
2014 PCB PRODUCTION VALUE The member associations collected production data from companies producing PCBs in their countries or regions. Every effort was made to eliminate duplication between the associations survey samples. The countries and regions included in this analysis produce approximately 99 percent of the world s PCBs, based on value. Estimates of 2014 PCB Production in the World s Major PCB-Producing Areas In millions of local currency Country or Region Where PCBs Were Produced Rigid 1-2 Sided Standard Multilayer HDI/ Microvia/ Build-Up IC Substrate Flexible Circuits Rigid Flex Others Total Aggregate Data Currency China 12,603 84,539 30,950 4,150 32,114 1,620 24 166,000 CNY Hong Kong 23 306 62 445 0 0 8 844 HKD India 10,900 5,358 0 0 731 61 0 17,050 INR Japan 104,862 151,904 53,964 209,836 74,884 9,020 29,747 634,216 JPY South Korea 700,000 2,225,000 1,440,000 2,400,000 1,610,000 417,000 0 8,792,000 KRW Taiwan 16,548 60,887 46,400 82,314 42,521 5,667 1,000 255,338 TWD Other Asia 56,026 78,142 34,784 61,745 199,046 3,800 2,010 435,553 JPY Western Europe 510 735 265 0 125 125 0 1,760 EUR Eastern Europe 80 180 0 0 0 0 0 260 EUR North America 339 1,744 183 11 233 119 365 2,994 USD Central & South America 127 68 0 0 2 0 0 197 BRL Israel & Middle East 18 82 64 0 0 118 0 282 ILS In millions of U.S. dollars Country or Region Where PCBs Were Produced Rigid 1-2 Sided Standard Multilayer HDI/ Microvia/ Build-Up IC Substrate Flexible Circuits Rigid Flex Others Total Aggregate Data in US$ China 2,052 13,761 5,038 676 5,228 264 4 27,022 Hong Kong 3 39 8 57 0 0 1 109 India 179 88 0 0 12 1 0 280 Japan 991 1,435 510 1,983 708 85 281 5,992 South Korea 666 2,118 1,371 2,284 1,532 397 0 8,368 Taiwan 546 2,009 1,531 2,716 1,403 187 33 8,425 Other Asia 529 738 329 583 1,881 36 19 4,115 Western Europe 677 975 352 0 166 166 0 2,336 Eastern Europe 106 239 0 0 0 0 0 345 North America 339 1,744 183 11 233 119 365 2,994 Central & South America 54 29 0 0 1 0 0 84 Israel & Middle East 5 23 18 0 0 33 0 79 Global Total 6,147 23,200 9,339 8,310 11,163 1,288 703 60,149 Notes: 1. Flexible circuit and rigid flex estimates may include some assembly revenue. 2. The Others product category includes metal core PCBs in Hong Kong and Taiwan, ceramic and metal core PCBs in Japan and Other Asia, and high-performance PCBs in North America. 3. The revenue estimates in this report are nominal and have not been adjusted for inflation. 4. Other Asia includes Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Other Asia data were provided by JPCA and are reported in Japanese yen. Japanese companies account for more than 70 percent of PCB production in Other Asia. 5. North American data are reported in U.S. dollars. 6. Central & South America data, provided by IPC, are reported in Brazilian real, as Brazil was the primary location of PCB production in this region. 7. Please see the appendix on exchange rates to determine the impact on amounts in specific currencies. 8. Totals may vary slightly from the sums of the numbers in the table due to rounding. 3
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INDUSTRY GROWTH Real Growth by Country/Region Based on a comparison of the 2013 and 2014 estimates from the WECC PCB production surveys in local currencies, worldwide PCB production increased 1.4 percent in 2014. Other Asia posted the highest growth in PCB production in real terms. It should be noted that some growth rate changes may reflect the adoption of new sources or methods of data collection. Countries and regions where such changes are known to affect the resulting data are excluded from this graph. 5
Nominal Growth by Product Category PCB production growth was positive but modest in 2014 for HDI/microvia/build-up boards, standard multilayer and flexible circuits. 6
COUNTRY AND REGIONAL PROFILES PCB Product Categories * Others: metal core boards 7
* Others: ceramic and metal core boards 8
* Others: metal core boards 9
* Other Asia includes Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. ** Others: ceramic and metal core boards 10
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* Others: high-performance rigid boards 12
PCB Vertical Markets * Other: security and lighting 13
* Other: Automotive, military, medical, etc. 14
* Other: semiconductor (IC substrates), lighting and others 15
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APPENDIX Average U.S. Dollar Exchange Rates for 2013 and 2014 2013 Average Exchange Rate (=1.00 USD) 2014 Average Exchange Rate (=1.00 USD) Currency (ISO Code) % Change ASIA/PACIFIC Australia 1.04 1.11 AUD 7.1% China 6.19 6.14 CNY -0.8% Hong Kong 7.76 7.75 HKD 0.0% India 58.44 60.89 INR 4.2% Indonesia 10394.70 11835.90 IDR 13.9% Japan 97.58 105.84 JPY 8.5% Malaysia 3.14 3.27 MYR 4.3% New Zealand 1.22 1.21 NZD -1.2% North Korea 135.00 135.00 KPW 0.0% Pakistan 100.71 100.19 PKR -0.5% Philippines 42.35 44.31 PHP 4.6% Singapore 1.25 1.27 SGD 1.3% South Korea 1090.42 1050.63 KRW -3.6% Taiwan 29.64 30.31 TWD 2.3% Thailand 30.65 32.42 THB 5.8% Vietnam 20878.40 20994.90 VND 0.6% EUROPE Austria 0.75 0.75 EUR 0.0% Belgium 0.75 0.75 EUR 0.0% Czech Republic 19.53 20.74 CZK 6.2% Denmark 5.62 5.62 DKK 0.0% Finland 0.75 0.75 EUR 0.0% France 0.75 0.75 EUR 0.0% Germany 0.75 0.75 EUR 0.0% Hungary 223.41 232.43 HUF 4.0% Ireland 0.75 0.75 EUR 0.0% Italy 0.75 0.75 EUR 0.0% Netherlands 0.75 0.75 EUR 0.0% Norway 5.88 6.30 NOK 7.2% Poland 3.16 3.15 PLN -0.2% Portugal 0.75 0.75 EUR 0.0% Russia 31.82 38.49 RUB 21.0% Slovakia 0.75 0.75 EUR 0.0% Spain 0.75 0.75 EUR 0.0% Sweden 6.51 6.86 SEK 5.3% Switzerland 0.93 0.92 CHF -1.3% Turkey 1.90 2.19 TRY 14.8% United Kingdom 0.64 0.61 GBP -5.1% MIDDLE EAST Egypt 6.84 7.05 EGP 3.2% & AFRICA Iran 17786.90 25898.20 IRR 45.6% Israel 3.6061 3.5715 ILS -1.0% South Africa 9.63 10.84 ZAR 12.5% Tunisia 1.62 1.69 TND 4.5% THE AMERICAS Canada 1.03 1.10 CAD 7.2% Mexico 12.75 13.30 MXN 4.3% USA 1.00 1.00 USD 0.0% Argentina 5.46 8.10 ARS 48.3% Brazil 2.15 2.35 BRL 9.0% Chile 495.04 569.99 CLP 15.1% Venezuela 6035.79 6288.83 VEB 4.2% Source: www.oanda.com/convert/fxhistory 17