Asia-Pacific: Data Storage Device Market 2025

Data Storage Device Market Size in Asia-Pacific

In 2022, the Asia-Pacific data storage device market increased by 16% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Data Storage Device Production in Asia-Pacific

In value terms, data storage device production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 6.8% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Data Storage Device Exports

Exports in Asia-Pacific

For the tenth consecutive year, Asia-Pacific recorded decline in shipments abroad of data storage devices, which decreased by -17.1% to X units in 2022. Over the period under review, exports showed a deep reduction. The smallest decline of -1.3% was in 2017. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports reduced remarkably to $X in 2022. Overall, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 14%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of around X units, which reached 41% of total exports. Thailand (X units) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (13%) and Taiwan (Chinese) (12%). The Philippines (X units), Singapore (X units) and Malaysia (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of -1.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest data storage device supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Hong Kong SAR ($X), with a combined 84% share of total exports. The Philippines, Singapore, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 15%.

In terms of the main exporting countries, the Philippines, with a CAGR of +3.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -4.9% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +20.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 25% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Taiwan (Chinese) ($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 Asia-Pacific

In 2022, data storage device imports in Asia-Pacific contracted to X units, which is down by -12.6% against the previous year. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, data storage device imports declined to $X in 2022. Overall, imports showed a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China was the largest importer of data storage devices in Asia-Pacific, with the volume of imports amounting to X units, which was near 61% of total imports in 2022. Hong Kong SAR (X units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together held approx. 20% share of total imports. Japan (X units), Malaysia (X units), Singapore (X units) and India (X units) held a minor share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of data storage devices. At the same time, Taiwan (Chinese) (+1.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +1.7% from 2012-2022. By contrast, Malaysia (-1.3%), Japan (-7.2%), India (-7.7%), Singapore (-9.6%) and Hong Kong SAR (-11.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Taiwan (Chinese) increased by +22 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported data storage devices in Asia-Pacific, comprising 61% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 14% share of total imports. It was followed by Japan, with a 5.5% share.

In China, data storage device imports expanded at an average annual rate of +2.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-7.6% per year) and Japan (-4.8% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2020 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2021, and then declined in the following year.

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 Singapore (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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