The Taiwanese Circuit Board Association (TPCA) released data on PCB production and sales in the first half of 2019. According to statistics, the output value of Taiwanese PCB manufacturers reached NT 288.2 billion yuan, a slight increase compared with NT 287.8 billion yuan in the same period last year, and a new high in the first half of the year.
TPCA estimates that Taiwanese businessmen account for about 63% of China's production, and their annual output value is expected to reach 652.8 billion yuan.
TPCA said that although the situation of Sino-US trade war was chaotic in the first half of the year and the global smart phone and car market continued to be depressed, the downstream customers were worried about the deterioration of Sino-US trade and pulled ahead. Highly growing products such as ABF carriers, hard-and-soft combination boards, increased PC shipments led to the demand for traditional hard-and-soft combination boards, which reached 47.1% The growth rate has kept the PCB industry of Taiwanese businessmen at last year's level in the first half of the year.
However, due to the recession of mobile phone shipments, BT carriers have a larger recession phenomenon, resulting in the first half of the overall carrier output value was compressed, the overall carrier recession of 0.2%. Communications products and automotive electronics have been affected by the global economic climate and the base period was too high last year, resulting in the decline of 5.6% and 2.0% of the flexible PCB board and HDI PCB board, respectively.
Looking forward to the second half of the year, when the negative news is still more than the positive news, there is a considerable challenge for output to break through the same period last year. Several key factors, including IMF, OECD, the World Bank and other organizations, have lowered their forecasts of global economic growth rate in 2019, which shows that the global economy not only affects export value under the trade disputes of various countries. It also reduces private consumption and enterprise investment, and the trade war triggers tariff protectionism in all countries. They all hope to reduce the impact of tariff promotion through currency devaluation.
In 2019, smart phones are facing a period of alternation between new and old products when 4G is exhausted and 5G is incomplete. The anticipated mentality of waiting for 5G products to go on the market has delayed the time for consumers to change their phones. It seems that the waiting period of this wave of products alternating from generation to generation will be longer than originally anticipated. There are still many technical barriers and challenges to break into 5G products, such as high reliability of materials and products. This is also an important moment for PCB industry chain to prepare for new business opportunities of 5G.
In the first half of the year, the output value of PCB industry of Taiwanese businessmen reached NT$288.2 billion.
2019 09/11
