Over the past decade, Australia's imports of semiconductor devices not light sensitive or emitting have shown fluctuating trends. From 2013 to 2023, the import values ranged broadly, peaking in 2018 and experiencing significant declines in certain years. By 2023, the value stood at $2.3192 million, representing a decrease from $2.3813 million in 2022, marking a downward trend in recent years. The year-on-year variation for 2022 and 2023 were -2.59% and -2.61%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years stood at -6.82%, reflecting a notable decline. Forecast data from 2024 to 2028 suggests a continued decline, with a forecasted 5-year CAGR of -2.39% and an overall decrease in value by 11.38% by 2028.
Future trends to watch for include:
- Technological advancements in semiconductor manufacturing which may affect import patterns.
- Shifts in global supply chain logistics due to geopolitical factors.
- Changes in domestic demand and the rise of local manufacturing capabilities in Australia.
- Impact of trade policies and tariffs on semiconductor imports.
