Record sales in 2022 again despite a high-risk environment

Last update – December 2021
Business environment risk
Political risk
Commercial risk
  • Broad customer base (consumer electronics, automotive, telecommunications, industry, etc.)

  • Powerful long term growth drivers (digitization of the economy)

  • Technology intensive, innovative industry

  • Semiconductors: concentrated, high value added, high margin product markets
  • Commodity electronic components: fragmented, low barrier to entry, low margin product markets

  • Saturation reached in major client industries (smartphones, computers, etc.)

  • Volatility, with one major recession every four to five years on average

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Country   Role Sector risk
China #1 manufacturing country
Medium risk
Taiwan
#2 manufacturing country
Low risk
South Korea
#3 manufacturing country
Low risk
Japan
#4 manufacturing country
Medium risk
Singapore
#5 manufacturing country
Medium risk
Aurelien Duthoit
Allianz Trade