European PCB Industry Sees Decline in Billings in 1H 2024
Stormy market conditions for the European PCB industry continue. The European PCB industry saw a decline in billings in the first half of 2024 of 6.5% (yoy) and minus 7.8% compared to 2.H.2023.
Bookings in the first half of 2024 were even worse with minus 24.4% (yoy) and minus 17.3% compared to 2.H.2023. The Book to Bill ratio is now standing at 0.91 whereas it had been 0.90 in 2.H.23 and 0.94 in 1.H 24.
Trends for bookings and billings are continuing to decline with no hope of a fast change. In comparison to the EMS industry in Europe, the decline on 1.H.24 is moderate as the European EMS industry faced a decline in revenues of about 12.4% (yoy) and minus 8.8% to the 2.H.2023. (Details will follow by August 6, 2024).
Analysing the numbers of the European EMS industry, it is already today visible, that the European PCB manufacturers will lose further market shares in the global PCB market. As long as the European Electronics manufacturers do not see that they are destroying their own European sources for system critical applications, the downward spiral will continue.
