ASEAN: Magnetic Media Market 2024

Magnetic Media Market Size in ASEAN

The ASEAN magnetic media market rose rapidly to $X in 2021, increasing by 9.3% against the previous year. In general, consumption recorded strong growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Magnetic Media Production in ASEAN

In value terms, magnetic media production rose sharply to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 71% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Magnetic Media Exports

Exports in ASEAN

In 2021, overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe increased by 0.8% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 27% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, magnetic media exports rose modestly to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 12%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Singapore was the main exporter of magnetic media, not recorded, except cards with a magnetic stripe in ASEAN, with the volume of exports finishing at X units, which was approx. 72% of total exports in 2021. It was distantly followed by Malaysia (X units), creating a 26% share of total exports.

Singapore was also the fastest-growing in terms of the magnetic media, not recorded, except cards with a magnetic stripe exports, with a CAGR of +2.1% from 2012 to 2021. Malaysia experienced a relatively flat trend pattern. Singapore (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest magnetic media supplier in ASEAN, comprising 69% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore was relatively modest.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, with an increase of 3.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 18% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%).

Magnetic Media Imports

Imports in ASEAN

Magnetic media imports shrank to X units in 2021, stabilizing at the previous year's figure. Over the period under review, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, magnetic media imports totaled $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Thailand (X units) represented the largest importer of magnetic media, not recorded, except cards with a magnetic stripe, creating 77% of total imports. It was distantly followed by Singapore (X units), making up an 18% share of total imports. Malaysia (X units) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of magnetic media, not recorded, except cards with a magnetic stripe. Singapore (-7.9%) and Malaysia (-14.0%) illustrated a downward trend over the same period. While the share of Thailand (+19 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-7.6 p.p.) and Singapore (-10.2 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported magnetic media, not recorded, except cards with a magnetic stripe in ASEAN, comprising 72% of total imports. The second position in the ranking was taken by Singapore ($X), with a 14% share of total imports.

In Thailand, magnetic media imports expanded at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (-5.4% per year) and Malaysia (-13.8% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, increasing by 2.9% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, magnetic media import price decreased by -15.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform