Australia: Data Storage Device Market 2024

Data Storage Device Market Size in Australia

In 2022, after two years of growth, there was significant decline in the Australian data storage device market, when its value decreased by -27.7% to $X. In general, consumption faced a abrupt decrease. Data storage device consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Data Storage Device Exports

Exports from Australia

In 2022, overseas shipments of data storage devices were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports reduced rapidly to $X in 2022. Over the period under review, exports, however, showed a pronounced contraction. The growth pace was the most rapid in 2014 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for data storage device exports from Australia, with a 39% share of total exports. Moreover, data storage device exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The United States (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+11.3% per year) and the United States (-14.1% per year).

In value terms, the largest markets for data storage device exported from Australia were Hong Kong SAR ($X), the United States ($X) and Singapore ($X), together comprising 45% of total exports. New Zealand, Latvia, Canada, the UK, the Netherlands, the Philippines and Malaysia lagged somewhat behind, together comprising a further 23%.

Latvia, with a CAGR of +416.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, which is down by -29.3% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 -34.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 48%. The export price peaked 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Australia

In 2022, imports of data storage devices into Australia declined notably to X units, waning by -39% against the previous year. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 39% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, data storage device imports reduced to $X in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units), China (X units) and South Korea (X units) were the main suppliers of data storage device imports to Australia, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +5.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest data storage device suppliers to Australia were China ($X), Thailand ($X) and the United States ($X), with a combined 54% share of total imports. Singapore, Malaysia, Taiwan (Chinese), South Korea and the Philippines lagged somewhat behind, together comprising a further 25%.

South Korea, with a CAGR of +23.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, picking up by 55% against the previous year. Over the period under review, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 83% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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