North American PCB Industry Sales Up 9.1% in May


Reading time ( words)

IPC announced the May 2021 findings from its North American Printed Circuit Board (PCB) Statistical Program. The book-to-bill ratio stands at 1.11. 

Total North American PCB shipments in May 2021 were up 9.1% compared to the same month last year. Compared to the preceding month, May shipments fell 0.2%.

PCB bookings in May rose 24.1% year-over-year. Bookings in May increased 12.8% from the previous month.

“The PCB industry enjoyed higher orders in May, while shipments were flat with the prior month. PCB shipments, like much of the electronics industry, are being impacted by higher raw material costs and longer lead times for some of these key materials,” said Shawn DuBravac, IPC’s chief economist. “The industry will continue to face these constraints in the coming months until markets regain equilibrium.”

IPCNA625Fig1.jpg

IPCNA625Fig2.jpg

Detailed Data Available

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

Print


Suggested Items

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

01/14/2022 | Andy Shaughnessy, I-Connect007
We’re driving headlong into 2022, and there’s a lot going on in the world of PCB design, fabrication, and assembly. It’s trade show season now. IPC APEX EXPO starts in less than two weeks, and we’re all getting ready for what is, for many, the first trade show in years. Do you know where you put your business cards after your last show in 2020? I keep half a box of biz cards in my glove compartment; I’m not going to make that mistake again.

Real Time With... IPC APEX EXPO: ICAPE Group Gears up For Show Time

01/13/2022 | Nolan Johnson, PCB007
ICAPE Group's Marc L'Hoste speaks with Editor Nolan Johnson in this pre-show interview. Marc is the vice president of Western Americas, and he outlines what visitors can expect to learn about in the ICAPE booth, including manufacturing facilities recently added to the portfolio, new technologies, and a new corporate branding. If you can’t make it to IPC APEX EXPO, don’t worry. We’ll be bringing you interviews with the engineers, managers and technologists who are making a difference in our industry.

Real Time with... IPC APEX EXPO: Taiyo Focuses on Collaboration

01/12/2022 | Pete Starkey, I-Connect007
Don Monn, Midwest regional sales director at Taiyo America, reviews the progressive adoption of inkjet solder mask technology while acknowledging that liquid photoimageable mask continues as the mainstream process, with new developments in double-sided coating and vertical drying equipment. He comments on how Taiyo’s collaborative relationships with suppliers and customers have enabled logistics to be successfully managed through difficult times.



Copyright © 2022 I-Connect007. All rights reserved.