VOLUME 3 EMERGING COUNTRIES & WORLD SUMMARY 2014

Transcription

1 THE YEARBOOK OF WORLD ELECTRONICS DATA VOLUME 3 EMERGING COUNTRIES & WORLD SUMMARY 2014 Components Computers Consumer Control and Instrumentation Medical and Industrial Office Equipment Radio Communications Telecommunications

2 Yearbook of World Electronics Data Volume /2013 Introduction This report is part of RER s emarketforecasts.com database which brings together market and production data on 53 countries globally. In addition to published reports, including the industry benchmark series the Yearbook of World Electronics Data, information can be provided on individual countries or tailored to meet customers specific requirements. The database is also unique in providing historical data back to 1995 and for selected countries to Volume 3 Growth within the global electronics industry started to gain momentum in the later part of 2013 a trend which will continue in 2014 and then accelerate in the period to 2017, with stronger growth in the emerging markets. Growth is being driven by the improved outlook for the global economy although downside risks still remain, in particular from geopolitical events globally including the Ukraine and the Middle East. China is the largest producer of electronic products accounting for over a third of global production in 2013 and as such events in the country dominate the electronics industry. In 2013, electronic output increased by 5% to US$613 billion down from growth of 6% a year earlier, and is forecast to pick-up slightly in 2014 to 5.5%. Over the longer-term growth in the Chinese electronics industry is expected to slow as the industry matures. Rising labour costs, due in part to stricter labour regulations will also contribute to potentially slower growth over the coming years. To offset rising costs companies have relocated some production to rural areas. Other factors which will have an impact on electronics output over the medium term include increased competition from other countries as a base for low-cost manufacturing, the move by foreign companies to reduce its reliance on China and the move to re-shore production back to Western Europe and the US. Though China dominates electronics production in Asia and globally, other Asian countries have established significant electronics industries, with South Korea, Taiwan, Malaysia and Singapore all playing an important role within the global market. Figure 2.1 Asian Electronics Production 2013 Since 2000 there has been a major structural change in the global electronics industry with companies lowering costs by relocating volume manufacturing from high-cost to low-cost locations. As shown below, the Asia-Pacific (and China in particular) has been the main beneficiary, but also Central and Eastern Europe, Mexico and Brazil have also benefited from significant inward investment. 2

3 In 1995 production in high-cost locations* accounted for 75% of electronics output. By 2000 this figure had already fallen to 67% and in 2013 it is estimated that 33% of electronics production will be in high cost locations. Between 1995 and 2013 Asia Pacific s share of global electronics production has increased from 20% to 57%. More importantly during this period China s share of global electronics production has increased from 3% to 35% and transformed the structure of the global electronics industry. Percentage of Electronics Output by Location % High-Cost USA Canada Japan West Europe Low-Cost Asia Pacific of which China East Europe Rest of World Total Source: Yearbook of World Electronics Data To take advantage of the opportunities within the global electronics industry will require a clear understanding of the current structure of the global electronics industry, how it has developed on a country, regional and global level. In addition to market and production data on nine countries the Volume 3 also contains a unique global summary covering production data and market data for the 53 countries covered in the Yearbook database. Published since 1990 the Volume 3 of the Yearbook of World Electronics Data provides: A single source solution allowing you to track the electronics industry in nine countries including China, Vietnam, Mexico and Turkey. 13 major product groups. Market and production forecasts. A unique global summary for both production and markets for the 53 countries covered in the Yearbook series. CD-option allows you to manipulate the data quickly and easily: produce your own subsets or summaries of the data, create your own forecasts or cut and paste the data into your own in-house reports and presentations. Who will benefit The Yearbook is essential research providing key data for all areas of the electronics industry including: Distributors and manufacturers of electronic components and materials. Suppliers of electronic production equipment. OEMs. EMS Providers. Government, including investment organizations. Financial and industry analysts. Academic institutes & universities tracking developments in the electronics industry. 3

4 The Yearbook of World Electronics Data The Yearbook of World Electronics Data series presents market and production statistics for the GLOBAL electronics industry. Available in four published volumes covering 53 countries and 12 major product groups, the yearbook is used in the formulation of business and market planning, in tracking trends based on an clear understanding on how the industry has developed historically and to provide a basis for medium and long-term forecasting. 53 country coverage, 13 major product groups comparable country by country and product by product. Methodology The Yearbooks highlight market trends and opportunities and offer corroborative evidence for individual research. Each new edition is fully revised and updated. Trade statistics are analyzed in detail, with over 500 separate categories being employed. Production statistics are collected from Government and Manufacturer's Association sources where these are available. Extensive use is also made of research reports, company reports, news items and work by other consultants to supplement and cross check the official and semi-official sources. Markets are forecast in real terms for the next five years, with production forecast for the next two years, using constant exchange rates and excluding inflation. These are based on our extensive knowledge of the historical performance of each product, the general economic outlook and the major growth influencing factors Series Volume West Europe Synopsis: Economic Overview; Electronics Market Overview; Imports ; Exports ; Production Data ; Market Data country coverage Austria; Belgium; Denmark; Finland; France; Germany; Greece; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; UK Publication Data: March 2014 Volume America, Japan, Asia Pacific Synopsis: Economic Overview; Electronics Market Overview; Imports ; Exports ; Production Data ; Market Data country coverage Australia; Brazil; Canada; Hong Kong; India; Indonesia; Israel; Japan; Malaysia; Philippines; Singapore; South Africa; South Korea; Taiwan Thailand; USA Publication Data: June 2014 Volume /2015 Emerging Markets Synopsis: Economic Overview; Electronics Market Overview; Imports ; Exports ; Production Data ; Market Data country coverage China; Egypt; Mexico; New Zealand; Puerto Rico; Saudi Arabia; Turkey; Venezuela; Vietnam Publication Data: August

5 Volume /2014 East Europe Synopsis: Economic Overview; Electronics Market Overview; Imports ; Exports ; Production Data ; Market Data Country World Summary covering production data and market data for country coverage Bulgaria; Croatia; Czech Republic; Estonia; Hungary; Lithuania; Poland; Romania; Russia; Slovakia; Slovenia; Ukraine Publication Data: August 2013 For each country production and market data is supplied for the following product groups: Computers Consumer Video; Audio; Personal Control & Instrumentation Medical & Industrial Office Equipment Radio Communications Telecommunications Components Passive Components; Semiconductors; Other Components Related Products & Services With a history spanning 40 years Reed Electronics Research (RER) has provided an invaluable insight into the global trends, regional variations and the underlying state of the global electronics market for all stages of the supply chain - OEM, contract manufacturing and design, components and materials suppliers to financial /industry analysts and government and academia. Although encompassing a range of published and bespoke products the core of RER s research programme is one of the most comprehensive statistical databases covering the global electronics industry. In addition to the Yearbook, the data can be supplied as a series of individual country reports, through customised solutions to meet specific client requirements and, from 2012, as a series of Excel databases providing the combination of both historical and forecasted data. Global Electronics Production & Markets Launched in 2012, Global Electronics Production & Markets provides top line analysis on the global electronics industry for the period 1995 to Through two Excel databases (Pivot Tables) you can quickly analyse the structure of the global industry and how it has changed both geographically, through RER s unique coverage of 53 countries, and by thirteen major product groups. The database will be fully updated in August Country Reports Drawing on data from its core statistical database RER provides a quick, reliable and cost-effective assessment of the electronics industry for an individual country. 5

6 Custom Research Building on the flexibility of the two databases and the Yearbook series we can quickly search data by product or country/region to provide solutions tailored to your specific needs or budgets. Ideal for input into internal presentations/ documents the data is supplied via . For additional information on the above publications or Reed Electronics Research s complete range of research products please contact or visit Anita Caird, Sales Manager anita.caird@rer.co.uk Andrew Fletcher, Research Manager andrew.fletcher@rer.co.uk Reed Electronics Research Harvard House Grove Technology Park Wantage, Oxon OX12 9FF United Kingdom Tel: +44 (0) Fax: +44 (0) website: 6

7 LIST OF CONTENTS 1 INTRODUCTION 11 2 WORLD SUMMARY DATA Economic Overview Summary of Global Electronics Production Summary of Global Electronics Production Summary of Global Electronics Production Summary of Global Electronics Production Summary of Global Electronics Markets Summary of Global Electronics Markets Summary of Global Electronics Markets Summary of Global Electronics Markets Summary of Global Electronics Markets Summary of Global Electronics Markets Summary of Global Electronics Markets EMERGING COUNTRIES SUMMARY DATA Economic Overview Electronics Overview Imports Exports Consolidated Summary of Production Consolidated Summary of Production Consolidated Summary of Production Consolidated Summary of Production Summary of Medical & Industrial Production Summary of Consumer Production (Value) Summary of Consumer Production (Units) Summary of Components Production Summary of Active Component Production Summary of Passive Component Production Summary of Other Component Production Consolidated Summary of Markets Consolidated Summary of Markets Consolidated Summary of Markets Consolidated Summary of Markets Consolidated Summary of Markets Consolidated Summary of Markets Consolidated Summary of Markets Summary of Medical & Industrial Markets Summary of Consumer Markets (Value) Summary of Consumer Markets (Units) Summary of Components Markets Summary of Active Component Markets Summary of Passive Component Markets Summary of Other Component Markets 52 7

8 4 COUNTRY DATA China Economic Outlook Electronics Industry Structure China Production 58 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other China Markets 62 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Egypt Economic Outlook Electronics Industry Structure Egypt Production 69 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Egypt Markets 73 8

9 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Mexico Economic Outlook Electronics Industry Structure Mexico Production 81 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Mexico Markets 86 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other New Zealand Economic Outlook Electronics Industry Structure New Zealand Production 93 Computing Office Equipment Control & Instrumentation

10 Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other New Zealand Markets 97 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Puerto Rico Economic Outlook Electronics Industry Structure Puerto Rico Production 105 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Puerto Rico Markets 108 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio

11 Personal Components Active Passive Other Saudi Arabia Economic Outlook Electronics Industry Structure Saudi Arabia Production 114 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Saudi Arabia Markets 117 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Turkey Economic Outlook Electronics Industry Structure Turkey Production 124 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active

12 Passive Other Turkey Markets 128 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Venezuela Economic Outlook Electronics Industry Structure Venezuela Production 132 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Venezuela Markets 138 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Vietnam Economic Outlook Electronics Industry Structure Vietnam Production

13 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other Vietnam Markets 149 Computing Office Equipment Control & Instrumentation Medical & Industrial Communications & Radar Telecommunications Consumer Video Audio Personal Components Active Passive Other APPENDICES Exchange Rates Guide to the Interpretation of the Statistics Guide to International Statistical Classifications Guide to the Definition of the Electronic Product Headings List of sources Translation of Product Headings

14 SAMPLE DATA To illustrate the scope of the report over the following pages we provide sample data from the current edition of the report. This includes summary data for production and markets as well as sample country data. 14

15 Yearbook of World Electronics Data 2014/2015 Volume 3 - Emerging Countries & World Summary 2.3 SUMMARY OF WORLD PRODUCTION 2011 $M $M $M $M $M $M $M $M $M Radio Country Office Control Medical & Comms Telecomm- Compo- Computing Equip & Instr Industrial & Radar* unications Consumer nents TOTAL Australia Austria Belgium Brazil Bulgaria Canada China Croatia Czech Denmark Egypt Estonia Finland France Germany Greece Hong Kong Hungary India Indonesia Ireland Israel Italy Japan Lithuania Malaysia Mexico Netherlands N Zealand Norway Philippines Poland Portugal Puerto Rico Romania Russia Saudi Arabia Singapore Slovakia Slovenia South Africa South Korea Spain Sweden Switzerland Taiwan Thailand Turkey UK Ukraine USA Venezuela Vietnam TOTAL Notes: 2011 data are based on current figures at current exchange rates. West Europe figures are taken from Vol 1 of the 2014 edition of the Yearbook. US, Japan & Asia Pacific figures are taken from Vol 2 of the 2014 edition of the Yearbook. East European figures are estimated from Vol 4 of the 2013/2014 edition. 15

16 3.5 SUMMARY OF EMERGING COUNTRIES PRODUCTION 2011 $M $M $M $M $M $M $M $M $M Radio Country Office Control Medical & Comms Telecomm- Compo- Computing Equip & Instr Industrial & Radar* unications Consumer nents TOTAL China Egypt Mexico New Zealand Puerto Rico Saudi Arabia Turkey Venezuela Vietnam TOTAL Notes: 2011 and 2012 are current figures at current exchange rates. Base year * inc mobiles 3.16 SUMMARY OF MARKETS 2011 $M $M $M $M $M $M $M $M $M Radio Country Office Control Medical & Comms Telecomm- Compo- Computing Equip & Instr Industrial & Radar* unications Consumer nents TOTAL China Egypt Mexico New Zealand Puerto Rico Saudi Arabia Turkey Venezuela Vietnam TOTAL

17 4.3 Mexico Economic Outlook Mexico s economy remains subdued with GDP growing by only 0.3% sequentially in the first quarter of 2014 and followed growth of only 1.3% for 2013 as a whole. Growth in the second half of 2014 could benefit from a stronger outlook for the US although the current outlook for GDP to rise by 2.4% in 2014 will depend on private consumption and public spending compensating for weak investment. In the longer-term the successful implementation of the government s structural reform agenda could boost growth by 1-2 percentage points. Inflation declined to 3.5% in April 2014 and on track to the 3% target. Lower inflation should enable the Bank de Mexico (BANXICO) to concentrate monetary policy on supporting growth. Restrained increase in real wages and ample spare capacity will prevent domestic demand from exerting significant pressure on prices and help keep inflation within BANXICO s 2.4% target range over the forecast period. Mexico is highly dependent on exports to the US, which accounts for almost a quarter of the country s GDP. As a result the Mexican economy is strongly linked to the US business cycle. Mexico s Leading Economic Indicators Actual Forecast % Increase Growth of GDP Source: EIU Mexico GDP Growth Electronics Industry Structure Overview The electronic industry in Mexico is made up of more than 700 manufacturing companies, with over 300,000 people employed. The industry is located mainly in the Mexican states of 17

18 Aguascalientes, Baja California, Chihuahua, Coahuila, Estado de Mexico, Jalisco, Nuevo Leon, Queretaro and Tamaulipas. An important proportion of electronics production in Mexico is carried out through the Maquiladora programme. The term Maquiladora refers to an assembly plant operating in Mexico territory under special customs treatment and liberal foreign investment regulations. Maquiladoras import into Mexico, duty free, machinery, equipment, parts, raw materials and other components. Finished or semi-finished products are exported back to their country of origin or to a third country. There are now around 4,000 Maquiladora plants employing some one million people, representing more than 30% of total employment in the Mexican manufacturing sector. Whilst most plants are clustered along the border the number in the interior has increased a trend which is expected to continue as new plants are built in Yucatan, Jalisco and Quintana Roo. Around a third of the Maquiladora plants are engaged in electrical and electronic production. However, since the implementation of NAFTA s Article 303 Mexican Maquiladora must develop sufficient controls and procedures for managing the origin and valuations of all its materials, components, machinery and equipment. Most Maquiladoras are foreign owned, principally by companies from the US but also from South Korea, Japan, Taiwan, Hong Kong, Sweden, France and Canada. Electronics output rebounded following the global downturn in 2009 with output increasing by 15% in 2010 but then slowed with modest growth of 2.1% in 2011 and by only 0.5% in Declining demand for PCs and LCD TVs in the important US market contributed to a 1.6% fall in output in 2013, although this is expected to recover in 2014 with growth of 4.2%. Growth in Mexican Electronics Production Sector Analysis Computers, peripherals and parts accounted for 34% of production in After double-digit growth in 2012 output declined by 4.2% in 2013 on the back of weaker exports, in particular to the US. Production should recover in 2014 in-line with an improved market outlook. In terms of volume manufacturing the Chinese company Lenovo, the world s largest PC supplier, and Foxconn the world s largest electronic manufacturing services provider have a manufacturing presence in the country. Local companies competing in the computer segment include Lanix, Mexico s largest domestically owned electronics company. In addition to computers Lanix has diversified into LCD TVs and mobile phones. 18

19 Mexican Electronics Production by Sector 2013 The production of TVs in the country peaked in 2008 at 36 million and although output recovered following the global downturn in 2009 output declined year-on-year between 2011 and 2013 to reach an estimated 31.5 million. Declining demand in the US was a major contributing factor in both 2012 and 2013 but with the market set to recover combined with stronger sales both domestically and in other key export market production is forecast to increase to 32.6 million in The Japanese company Funai Electric has a consignment plant in Mexico City while Foxconn has a manufacturing presence following the purchase of Sony s manufacturing operations. Mexican Electronics Production Summary of Mexican Electronics Production US$ Millions Computing Industrial Communications Consumer Components Total Notes: Computing includes office equipment; Industrial combines control and instrumentation and medical and industrial; and communications combines fixed and wireless communications (inc. defence). Due to computer rounding the summary figures above may differ slightly from the figures presented in the main tables. 19

20 Reflecting the sharp decline in demand the production of DVD players and recorders has fallen sharply declining from an estimated 1.9 million in 2012 to a forecasted 1.3 million in Output for radio communications equipment accounted for 14% of production in 2013, output increasing by 10.8% on the back of a recovery in the export of mobile phones and the rising demand for smartphones. The decline in output in the prior two years was in part due to the decision by Nokia to close its handset manufacturing operations in the country and move production to Asia. Samsung, the world s leading mobile phone manufacturer and the major electronics manufacturing service providers still have a presence in the country. Output of telecommunications equipment peaked in 2000 at US$2.8 billion but after remaining stable in 2012 increased by 4.8% in 2013 on the back of stronger exports. Production in the industrial segment control and instrumentation, medical and industrial is expected to benefit from the move by US manufacturers to relocate some production to the country to take advantage of lower costs. In 2013, output for the industrial segment increased by 4.2% and this is forecast to accelerate to 5.2% in Mexico relies on imports of electronic components with the majority imported from US suppliers although an increasing proportion are being sourced globally, in particular, in the semiconductor sector which is increasingly shifting in origin from the US to Japan, Taiwan, Malaysia, South Korea and Singapore. Outlook Developments in the Mexican electronics industry will continue to be influenced by the US, the country s main trading partner but also from growth in the domestic market. Production will remain focused on the 3C segment of computing, consumer (TVs) and communications (mobile phones) although it is expected that industrial will increase its overall share of production it will remain under 10% of the total over the period to

21 4.7.3 TURKEY PRODUCTION COMPUTING Computer Total TLBn $M OFFICE EQUIPMENT Office Equipment TLBn $M Office Equipment Total TLBn $M CONTROL & INSTRUMENTATION Control & Instrumentation Total TLBn $M MEDICAL & INDUSTRIAL X-Ray & Medical Equipment Total TLBn $M Industrial Equipment Total TLBn $M Medical & Industrial Total TLBn $M COMMUNICATIONS & RADAR Communications & Radar Total TLBn $M TELECOMMUNICATIONS Telecommunications Total TLBn $M

22 TURKEY PRODUCTION (cont) CONSUMER Video Equipment Colour Television TLBn $M No.th DVD Players & Recorders TLBn $M No.th Video & Digital Still Camera TLBn $M No.th Set Top Boxes TLBn $M Video Equipment Total TLBn $M Audio Equipment Audio Equipment Total TLBn $M Personal Consumer Equipment Electronic Musical Instruments TLBn $M TLBn Electric/Electronic Watches $M TLBn Electric/Electronic Clocks $M TLBn Personal Consumer Equipment Total $M Consumer Total TLBn $M COMPONENTS Active Components Integrated Circuits TLBn & Other Microcircuits $M Active Components Total TLBn $M

23 TURKEY PRODUCTION (cont) COMPONENTS (Cont) Passive Components Capacitors TLBn $M Resistors TLBn $M Connectors & Switches TLBn $M Transformers & Inductors TLBn $M Relays TLBn $M Printed Circuit Boards TLBn $M Passive Components Total TLBn $M Other Components Aerials TLBn $M Unrecorded Media TLBn $M Accessories & Parts for Consumer TLBn Equipment $M Other Components Total TLBn $M Components Total TLBn $M TOTAL PRODUCTION TLBn $M Notes: 2011 and 2012 are current figures at current exchange rates and 2014 are forecasts at 2013 constant values and exchange rates (i.e. inflation is not included). Base year 2012 Notes: Estimates & forecasts are made in US$ with local values shown for guidance only 23

24 4.4.4 NEW ZEALAND MARKETS COMPUTING CAAGR Computers NZ$M $M Peripherals NZ$M $M % Accessories & Parts NZ$M $M Computer Total NZ$M $M OFFICE EQUIPMENT CAAGR Photocopiers NZ$M $M % Other Office Equipment NZ$M $M Office Equipment Total NZ$M $M CONTROL & INSTRUMENTATION CAAGR Industrial & Process Control NZ$M $M Instrumentation NZ$M $M % Accessories & Parts NZ$M $M Control & Instrumentation Total NZ$M $M MEDICAL & INDUSTRIAL CAAGR X-Ray & Medical Equipment X-Ray & Radiation Equipment NZ$M $M Electrocardiographs NZ$M $M Other Electro Medical NZ$M Equipment $M Hearing Aids NZ$M $M X-Ray & Medical Equipment NZ$M Total $M % 24

25 NEW ZEALAND MARKETS (cont) MEDICAL & INDUSTRIAL (Cont) CAAGR Industrial Equipment Signalling Equipment NZ$M $M Induction & Dielectric Equipment NZ$M $M Industrial Equipment Total NZ$M $M Medical & Industrial Total NZ$M $M % COMMUNICATIONS & RADAR CAAGR Radar & Navigational Aids NZ$M $M Communications Equipment NZ$M $M % Communications & Radar Total NZ$M $M TELECOMMUNICATIONS CAAGR Telecommunications Total NZ$M $M % CONSUMER CAAGR % Video Equipment Colour Television NZ$M $M No.th DVD Players & Recorders NZ$M $M No.th Video & Digital Still Cameras NZ$M $M No.th Video Equipment Total NZ$M $M

26 NEW ZEALAND MARKET (cont) CONSUMER (cont) CAAGR % Audio Equipment Car Audio NZ$M $M Portable Radios & Radio NZ$M $M Mains Radios & Combinations NZ$M $M Compact Disc Players NZ$M $M Other Audio Equipment NZ$M $M Audio Equipment Total NZ$M $M Personal Consumer Equipment Electronic Musical Instruments NZ$M $M Electric/Electronic Watches NZ$M $M Electric/Electronic Clocks NZ$M $M Personal Consumer Equipment NZ$M Total $M Consumer Total NZ$M $M

27 NEW ZEALAND MARKET (cont) COMPONENTS CAAGR % Active Components Valves & Tubes NZ$M $M Diodes NZ$M $M Transistors NZ$M $M Discrete Semiconductors NZ$M $M Integrated Circuits NZ$M & Other Microcircuits $M Active Components Total NZ$M $M Passive Components Fixed Capacitors NZ$M $M Variable Capacitors NZ$M $M Fixed Resistors NZ$M $M Variable Resistors NZ$M $M Connectors NZ$M $M Inductors NZ$M $M Relays NZ$M $M

28 NEW ZEALAND MARKETS (cont) COMPONENTS (Cont) CAAGR Passive Components (Cont) Switches NZ$M $M Printed Circuit Boards NZ$M $M % Passive Components Total NZ$M $M Other Components Microphones NZ$M $M Loudspeakers NZ$M $M Amplifiers NZ$M $M Unrecorded Media NZ$M $M Accessories & Parts (inc Aerials) NZ$M For Consumer Equipment $M Other Components Total NZ$M $M Components Total NZ$M $M CAAGR TOTAL MARKET NZ$M $M Notes: 2011 and 2012 are current figures at current exchange rates 2013 to 2017 are forecasts at 2013 constant values & exchange rates (i.e. Inflation is not included) CAAGR column indicates true annual average growth between 2013 and 2017 Base year 2012 % 28

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