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The North American PCB hard board industry's March 2011 subscription and sales value ratio remained at 0.94. Compared with March 2010, the March 2011 soft printing [Encyclopedia microblogging] circuit board shipments increased by 9.1%, scheduled to decline by 7.4%. Year-to-date, soft printed circuit board shipments increased by 9.3%, scheduled to increase by 9.6%. Compared with the previous month, the shipment of flexible printed circuit boards increased by 15.0%, and is scheduled to drop by 13.2%. In March 2011, the order-to-bill ratio of North American flexible printed circuit boards was stable at 1.04.
The combination of PCB hard boards and flexible circuit boards, industrial shipments increased by 5.4% from March 2010 to March 2011, orders fell by 9.9%. Year-to-date, combined with industry shipments rose by 6.9% and bookings fell by 7.1%. Compared with the previous month, combined industry shipments in March 2011 increased by 14.9% and bookings increased by 21.9%. In February 2011, the combined shipping and sales value of the combined (hard and flexible) industry was stable at 0.95.
"North America's PCB sales in February were strong, following normal seasonal patterns, PCB hard boards and flexible circuit boards were sold more than last year." IPC president and executive officer Denny McGuirk said, "The sales are stronger than scheduled and are dynamically maintained. The shipping-to-sales ratio is slightly below the benchmark, indicating a slow increase in the next quarter."
The calculation of the order-to-sales ratio is calculated by dividing the order value of the company in the past three months by the IPC survey sample by the sales value at the same time. A ratio of more than 1.00 indicates that current demand is higher than supply, which is a positive indication of sales growth in the next two to three months.
The ratio of order-to-market value and growth rate of PCB hard board and flexible circuit board are seriously affected by the PCB hard board field. According to the IPC World PCB Production Report, it is estimated that PCB hard boards represent 89% of the current North American PCB industry.
The monthly survey of the IPC North American PCB industry tracks the booking and shipment of facilities from the US and Canada, providing an indicator of regional demand. These figures are not a measure of PCB production in the US and Canada. Tracking regional production trends, IPC asked respondents about the percentage of their production shipments reported domestically (ie in the US or Canada). In March 2011, 83% of total PCB shipment reports were made in China. According to the IPC survey, domestic production accounted for 83% of PCB hard boards and 85% of flexible circuit boards in March. These figures were significantly affected by the hybrid companies in the IPC survey sample, which only changed slightly in January but remained constant for the rest of the year.
Flexible printed circuit board sales, in addition to bare flexible lines, typically include value-added services such as assembly. In March, IPC survey sample flexible circuit manufacturers showed that bare lines accounted for about 49% of shipment value. Assembly and other services constitute a large and growing segment of the flexible printed circuit board manufacturing industry. This phenomenon is also sensitive to changes in the survey sample, which may occur at the beginning of each calendar year.
Year-to-date, growth rates provide a meaningful outlook for industry growth compared to the same period last year. The month-to-month comparison should be cautious because they may reflect the effects of periodicity. Since the booking tends to be more unstable than the shipment, the change in the order-to-ship ratio between months and months may not be important unless there is a clear trend for changes over three consecutive months. It is also important to consider changes in bookings and shipments and to understand what is the change in the order-to-ship ratio.
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First Quarter North American Printed Circuit Board Market Overview
IPC announced quarterly monthly North American printed circuit board (PCB) statistical outline, from March 2010 to March 2011, PCB hard board shipments rose 5.1%, scheduled to decline 10.1%. Year-to-date, PCB hard board shipments rose by 6.7%, and are scheduled to fall by 8.5%. Compared with the previous month, PCB hard board shipments increased by 14.9%, and PCB hard boards were scheduled to increase by 26.0%.