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Jabil's Global Commodity Intelligence Archive
Global Commodity Intelligence
Q4 2022
Jabil's Global Commodity Intelligence Archive
Global Commodity Intelligence
Q4 2022
PCB COMMODITIES
PRINTED CIRCUIT BOARDS
- Average Asia lead times have reduced to 6 -8 weeks from 12 weeks, USA 16 – 20 weeks.
- Raw material lead time is 1 – 2 weeks, back to pre-crisis level (before Q4 2020)
- Capacity in China PCB factories is running at 70%, some ability to support upsides for certain market sectors.
- Logistics remains the biggest challenge to PCB supply, capacity and lead times are stable, but logistics is not smooth.
- The shortage of semiconductor supplies such as PMIC, microcontrollers, networking devices and some RF components, has slowed down or disrupted the assembly of automotives and other electronic devices. As a result, the demand for PCB’s has been indirectly impacted leaving room for upsides and easing prices.
- Today the issues for the PCB industry are unbalanced inventories and demand.
Market Update
- Multilayer Boards
- Datacenter and infrastructure require more advanced low-loss ML boards for faster data rates.
- Automotive market demands more reliable high-current and high-thermal circuit boards.
- FPC
- Multilayer and rigid-flex FPCs for OLED, foldable hinge, SiP modules.
- Automotive FPCs for battery management and displays, are growing.
- Substrate
- Continued market growth driven by advanced FCBGA substrates and others.
- More adoption of SiP and module substrates.
- Due to strong shipments in the first half of 2022, 14%+ substrate value growth is expected over the course of 2022
- FPC
- Multilayer and rigid-flex FPCs for OLED, foldable hinge, SiP modules.
- Automotive FPCs for battery management and displays, are growing.
- With demand decreasing in certain market sectors, we are finding cost reduction opportunities, however price levels won’t return to pre-crisis level.
- Sufficient capacity in raw materials may help in the end of FY2022 and 2023 providing opportunities to drive pricing down.
- Some Rigid PCB raw material prices continue to decline but remain at a relatively high price level compared to pre-crisis level. The combination of a strong US dollar and relatively weak demand has kept raw material costs stable without further increases.
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