Australia and Oceania: Data Storage Device Market 2024

Data Storage Device Market Size in Australia and Oceania

In 2022, the data storage device market in Australia and Oceania decreased by -24.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Data Storage Device Production in Australia and Oceania

In value terms, data storage device production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Data Storage Device Exports

Exports in Australia and Oceania

In 2022, shipments abroad of data storage devices was finally on the rise to reach X units after four years of decline. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports shrank sharply to $X in 2022. Over the period under review, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2014 with an increase of 40% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, accounting for X units, which was approx. 93% of total exports in 2022. It was distantly followed by New Zealand (X units), achieving a 6.5% share of total exports.

Exports from Australia decreased at an average annual rate of -9.3% from 2012 to 2022. New Zealand (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by +2.4 percentage points.

In value terms, Australia ($X) remains the largest data storage device supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total exports.

In Australia, data storage device exports plunged by an average annual rate of -4.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, waning by -26% against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 decreased by -31.2% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 42% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.5%).

Data Storage Device Imports

Imports in Australia and Oceania

In 2022, the amount of data storage devices imported in Australia and Oceania declined markedly to X units, shrinking by -31.9% compared with the previous year's figure. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, data storage device imports contracted slightly to $X in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Australia was the main importing country with an import of about X units, which accounted for 77% of total imports. It was distantly followed by New Zealand (X units), creating a 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to data storage device imports into Australia stood at -15.4%. New Zealand (-5.2%) illustrated a downward trend over the same period. While the share of New Zealand (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-14.4 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported data storage devices in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was held by New Zealand ($X), with a 9.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -5.0%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, with an increase of 40% against the previous year. Overall, the import price posted a remarkable increase. The pace of growth was the most pronounced in 2018 when the import price increased by 71%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.3%).

Source: IndexBox Platform

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