ASEAN: Data Storage Device Market 2024

Data Storage Device Market Size in ASEAN

The ASEAN data storage device market expanded markedly to $X in 2022, growing by 9.7% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Data Storage Device Production in ASEAN

In value terms, data storage device production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 19%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Data Storage Device Exports

Exports in ASEAN

In 2022, shipments abroad of data storage devices decreased by -24.8% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 5% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports contracted sharply to $X in 2022. Overall, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of data storage devices, making up 75% of total exports. The Philippines (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (5.5%) and Malaysia (5.4%). Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to data storage device exports from Thailand stood at -8.3%. At the same time, Vietnam (+21.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +21.6% from 2012-2022. By contrast, the Philippines (-1.9%), Singapore (-15.1%) and Malaysia (-21.6%) illustrated a downward trend over the same period. Thailand (+12 p.p.), the Philippines (+6.2 p.p.) and Vietnam (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by -4.5% and -16.2% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest data storage device supplier in ASEAN, comprising 70% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 14% share of total exports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at -1.3%. In the other countries, the average annual rates were as follows: the Philippines (+3.9% per year) and Singapore (-6.9% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, growing by 13% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, data storage device export price increased by +86.6% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 24% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.7%), while the other leaders experienced more modest paces of growth.

Data Storage Device Imports

Imports in ASEAN

In 2022, purchases abroad of data storage devices decreased by -4.4% to X units, falling for the fourth year in a row after two years of growth. Overall, imports recorded a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 31% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, data storage device imports declined to $X in 2022. In general, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 19%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of data storage devices, namely Malaysia, Singapore and Thailand, represented more than two-thirds of total import. It was distantly followed by Vietnam (X units), making up an 8.9% share of total imports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +12.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported data storage devices in ASEAN, comprising 48% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports. It was followed by Thailand, with a 13% share.

In Singapore, data storage device imports contracted by an average annual rate of -2.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (-7.2% per year) and Thailand (-13.3% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, with an increase of 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2020 when the import price increased by 20%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform