Canada: Data Storage Device Market 2024

Data Storage Device Market Size in Canada

The Canadian data storage device market reduced modestly to $X in 2022, dropping by -3.3% against the previous year. Overall, consumption continues to indicate a slight curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Data Storage Device Production in Canada

In value terms, data storage device production declined slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by 129% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Data Storage Device Exports

Exports from Canada

In 2022, the amount of data storage devices exported from Canada dropped dramatically to X units, which is down by -24.4% compared with 2021 figures. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports amounted to $X in 2022. Overall, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for data storage device exports from Canada, with a 63% share of total exports. Moreover, data storage device exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. Hong Kong SAR (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+2.3% per year) and Hong Kong SAR (+9.0% per year).

In value terms, the United States ($X) remains the key foreign market for data storage devices exports from Canada, comprising 53% of total exports. The second position in the ranking was held by Belize ($X), with a 20% share of total exports. It was followed by the Netherlands, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+174.2% per year) and the Netherlands (+2.9% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, picking up by 47% against the previous year. Over the period under review, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($X per unit), while the average price for exports to Vietnam ($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 Belize (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Canada

In 2022, purchases abroad of data storage devices decreased by -6.9% to X units, falling for the ninth year in a row after two years of growth. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 when imports increased by 6.3%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, data storage device imports totaled $X in 2022. Overall, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and the United States (X units) were the main suppliers of data storage device imports to Canada, together accounting for 84% of total imports. Malaysia, Taiwan (Chinese), Mexico and the Philippines lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +9.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest data storage device suppliers to Canada were the United States ($X), Mexico ($X) and Thailand ($X), with a combined 74% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +13.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average data storage device import price amounted to $X per unit, increasing by 8.3% against the previous year. Overall, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 25%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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