Sales in the European and German components distribution market are still down on pre-COVID Q1/20 numbers, but as in Q4/2020, order intake went through the roof in Q1/21.
UK and Ireland distributors have reported strong billings and bookings growth in March 2021. Adam Fletcher, Chairman of the Electronic Components Supply Network (ecsn) welcomed the uptick in Bookings and Billings activity as customers realign their order book in-line with extending manufacturer lead-times.
Global semiconductor industry sales were $40.0 billion for the month of January 2021, according to the Semiconductor Industry Association (SIA).
Sales in the European Semiconductor Distribution Market fell by 3.8% to 1.86 Billion Euro in Q4 2020, show the latest figures from DMASS. The full year ended on sales of 7.72 Billion Euro, down 12.4%.
The German component distribution sector’s slight hopes for a summer recovery as the first COVID 19 wave subsided have not quite materialised.
A lull in the spread of COVID-19 and lockdown-related pressure slowed the European Semiconductor Distribution industry’s decline in the third quarter of 2020.
The COVID 19 lockdown in Germany, which paralysed large parts of industrial production since April, has left its mark on the order and sales development of the German components distribution business.
COVID-19 has hit the European semiconductor distribution market hard. What looked like a mix of market- and pandemic-driven uncertainties in Q1, turned out to be a real, directly COVID-19 and lockdown-related downturn in the second quarter of 2020.
The UK electronic components market declined 10% in the first half of 2020 compared to the same period last year, according to Electronic Components Supply Network (ecsn).
Slow demand, combined with general economic uncertainties produced a slow start for the European component market in the first quarter of 2020.