Japan's PCB industry shrinks nearly 40% in two years
Recently, the Japan Electronics Packaging and Circuits Association (JPCA) meeting was held. The association's role is to collect statistics from Japanese PCB industry manufacturers and analyze industry market trends.
The Japanese PCB market shrank by 10.7% in 2008 compared with 2007. The volume of business in any corner of the world has dropped significantly. The performance in the last quarter of 2008 reached a record low. In the last three months, more than two-thirds of the business volume disappeared. In the first two months of 2009, the Japanese PCB market continued to fall, reaching its lowest point in late February and early March. In the second and third quarters, Japan’s business volume continued to pick up slightly. But the market changed even worse in the fourth quarter: the data showed a significant downward trend in November and December. In 2009, the industry's annual turnover was 626.6 billion yen (65'fZ, US dollars), and this 30% negative growth is the worst record so far. Overall, the industry has shrunk by nearly 40% in two years.
In addition, data from the market research team included PCB growth rates from Japanese manufacturing companies. They expect 2010 to grow by 8% compared to 2009. After we analyzed the current market situation, this figure looks a bit conservative.
Industry data released by IPC shows that PCB manufacturers in North America have slightly better data than Japan. On the other hand, the results in South Korea and Taiwan were better than expected, and major PCB manufacturers expressed optimism about 2010 expectations.