According to the latest statistics released by Japan Electronics and Information Technology Industries Association (JEITA), due to the shrinking of the Chinese market, the global shipments of Japanese electronic component manufacturers in February 2019 fell 4.7% from the same month last year to 278.7 billion yen, the lowest since February 2014.

In terms of regional shipments, domestic shipments of electronic components fell 2% to 73 billion yen in the same month last year; shipments to the Americas were 31.6 billion yen, unchanged from the same month last year; shipments to Europe grew 3% To 35.5 billion yen; shipments to the Chinese market shrank 8% to 78.5 billion yen; shipments to other parts of Asia fell 11% to 60.4 billion yen.

In terms of major products, capacitor shipments grew 13% to 87.2 billion yen in the same month last year; resistor shipments fell 1% to 11.7 billion yen; transformer shipments fell 2% to 3.4 billion yen; inductors shipments fell 14% to 16.2 billion yen; connector shipments fell 18% to 38.9 billion yen; switch component shipments fell 13% to 32.2 billion yen; actuator shipments shrank 4% to 16 billion yen; audio parts shipments fell 18% to 11.7 billion yen; shipments of radio frequency (RF) parts fell 1% to 21 billion yen.

In addition, according to the Nikkei News, due to the weak global demand for smart phones and the impact of China’s economic slowdown, Japan’s six major electronic component manufacturers’ (Murata, TDK, Kyocera, Nidec, Alps Alpine and Nitto Denko) first quarter orders fell 7% from the same period last year to about 1.32 trillion yen, which was the second consecutive quarter of shrinking.