North American PCB Industry Sales Up 16.9% in December


Reading time ( words)

IPC announced the December 2021 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.17.

Total North American PCB shipments in December 2021 were up 16.9 percent compared to the same month last year. Compared to the preceding month, December shipments grew 21.5 percent.

PCB year-to-date bookings in December were up 33.6 percent compared to last year. Bookings in December grew 47.1 percent from the previous month.

"PCB bookings rose sharply in December 2021, the strongest month of bookings since December 2005,” said Shawn DuBravac, IPC’s chief economist. “For the calendar year, bookings rose 19.3 percent and shipments rose 6.7 percent."

Companies that participate in IPC’s North American PCB Statistical Program have access to detailed findings on rigid PCB and flexible circuit sales and orders, including separate rigid and flex book-to-bill ratios, growth trends by product types and company size tiers, demand for prototypes, sales growth to military and medical markets, and other timely data.

Interpreting the Data

The book-to-bill ratios are calculated by dividing the value of orders booked over the past three months by the value of sales billed during the same period from companies in IPC’s survey sample. A ratio of more than 1.00 suggests that current demand is ahead of supply, which is a positive indicator for sales growth over the next three to twelve months. A ratio of less than 1.00 indicates the reverse.

Year-on-year and year-to-date growth rates provide the most meaningful view of industry growth. Month-to-month comparisons should be made with caution as they reflect seasonal effects and short-term volatility. Because bookings tend to be more volatile than shipments, changes in the book-to-bill ratios from month to month might not be significant unless a trend of more than three consecutive months is apparent. It is also important to consider changes in both bookings and shipments to understand what is driving changes in the book-to-bill ratio.

IPC’s monthly PCB industry statistics are based on data provided by a representative sample of both rigid PCB and flexible circuit manufacturers selling in the USA and Canada. IPC publishes the PCB book-to-bill ratio by the end of each month.

Share




Suggested Items

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

09/08/2023 | Nolan Johnson, I-Connect007
As I looked over the news and stories of the week, I noticed "firsts" from Insulectro and Lockheed Martin, plus a historic transition in leadership at Foxconn. There’s also financial health from KLA, and upbeat market data from IPC. With the start of a new school year, and often a fiscal year, September brings a sense of newness and change for many of us.

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

08/18/2023 | Andy Shaughnessy, I-Connect007
This week, we have an article about flex-hybrid electronics, which the military and aerospace folks are following closely. We have an article about the digital twin and what it is—and what it’s not. We have 10 outside-the-box ideas for closing the deal—be sure to forward this to your sales team. John Perry brings us an interview with a father/son team of IPC volunteers. (Would you want your children to work in this industry?) Finally, John Watson discusses AI, simulation and SPICE, and what they have to offer for PCB designers.

I-Connect007 Editor’s Choice: Five Must-Reads for the Week

08/11/2023 | Nolan Johnson, I-Connect007
In 1971, David Bowie released his album “Hunky Dory.” One obscure track (at the time, at least) on that album, “Changes,” would slowly evolve into a Bowie signature piece, stutter and all. As time went on, his admonition for us all to “turn and face the strange” carried more and more weight in popular music and popular culture. Of course, a cover of “Changes” which was featured in the movie “Shrek 2” caused the song to peak again in 2004, 33 years after it was first released. Just a little reminder that change is a constant.



Copyright © 2023 I-Connect007 | IPC Publishing Group Inc. All rights reserved.