Report Update Nov 1, 2024

Bangladesh - Data Storage Devices - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Data Storage Device Market 2024

Data Storage Device Market Size in Bangladesh

The Bangladeshi data storage device market reduced rapidly to $X in 2022, waning by -24.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed a temperate increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Data Storage Device Exports

Exports from Bangladesh

In 2022, shipments abroad of data storage devices decreased by -26.5% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 340% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports shrank markedly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 412% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units), Malaysia (X units) and the Philippines (X units) were the main destinations of data storage device exports from Bangladesh, together comprising 70% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +66.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for data storage devices exports from Bangladesh, comprising 56% of total exports. The second position in the ranking was taken by Singapore ($X), with an 8.9% share of total exports. It was followed by Taiwan (Chinese), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia totaled +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+7.2% per year) and Taiwan (Chinese) (+12.6% per year).

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, approximately reflecting the previous year. Overall, the export price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2020 an increase of 77% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Pakistan ($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 Hong Kong SAR (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.

Data Storage Device Imports

Imports into Bangladesh

In 2022, imports of data storage devices into Bangladesh dropped remarkably to X units, falling by -26.7% against the previous year. Overall, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 115%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, data storage device imports declined remarkably to $X in 2022. In general, imports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2015 when imports increased by 142%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Singapore (X units) and South Korea (X units) were the main suppliers of data storage device imports to Bangladesh, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +34.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest data storage device suppliers to Bangladesh, together accounting for 83% of total imports.

China, with a CAGR of +34.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, surging by 5.4% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2015 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for South Korea ($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 (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for storage units in the world?

The country with the largest volume of storage unit consumption was China, comprising approx. 40% of total volume. Moreover, storage unit consumption in China exceeded the figures recorded by the second-largest consumer, France, sixfold. The third position in this ranking was occupied by Mexico, with a 5.2% share.

What are the largest producers of storage units in the world?

The country with the largest volume of storage unit production was Thailand, comprising approx. 46% of total volume. Moreover, storage unit production in Thailand exceeded the figures recorded by the second-largest producer, Germany, fourfold. The third position in this ranking was occupied by China, with an 8.8% share.

What are the leading suppliers of storage units to Bangladesh?

In value terms, China constituted the largest supplier of storage unit to Bangladesh, comprising 20% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 9.8% share of total imports. It was followed by South Korea, with a 1.1% share.

What are the leading importers of storage units from Bangladesh?

In value terms, South Korea remains the key foreign market for storage unit exports from Bangladesh, comprising 8% of total exports. The second position in the ranking was occupied by Thailand $735), with a 0.9% share of total exports.

What is the average export price for storage units in Bangladesh?

In 2021, the average storage unit export price amounted to $28 per unit, with a decrease of -25.4% against the previous year.

What is the average import price for storage units in Bangladesh?

In 2021, the average storage unit import price amounted to $164 per unit, surging by 1.7% against the previous year.

This report provides an in-depth analysis of the data storage device market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26202100 - Storage units

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023