China: Data Storage Device Market 2024

Data Storage Device Market Size in China

In 2022, the Chinese data storage device market increased by 18% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value 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, consumption increased by +58.6% against 2019 indices. Data storage device consumption peaked in 2022 and is likely to see steady growth in years to come.

Data Storage Device Production in China

In value terms, data storage device production stood at $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decrease. The pace of growth appeared the most rapid in 2016 with an increase of 13%. Data storage device production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports from China

Data storage device exports from China shrank remarkably to X units in 2022, dropping by -22.4% on the previous year's figure. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 18%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, data storage device exports fell remarkably to $X in 2022. Over the period under review, exports showed a noticeable downturn. The growth pace was the most rapid in 2016 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X units), the United States (X units) and Singapore (X units) were the main destinations of data storage device exports from China, together accounting for 21% of total exports. Japan, India, Germany, the Netherlands, Thailand, Russia, Vietnam, Malaysia, Poland and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for data storage device exported from China were the United States ($X), South Korea ($X) and Singapore ($X), with a combined 28% share of total exports. The Netherlands, Japan, Germany, Russia, Malaysia, Thailand, India, the UK, Poland and Vietnam lagged somewhat behind, together comprising a further 16%.

Russia, with a CAGR of +20.8%, saw the highest rates of growth with regard to 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, waning by -3.7% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 the United States ($X per unit), while the average price for exports to India ($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 the Netherlands (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into China

Data storage device imports into China dropped to X units in 2022, which is down by -4.6% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 24%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, data storage device imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 31% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Thailand (X units), Malaysia (X units) and South Korea (X units) were the main suppliers of data storage device imports to China, together comprising 51% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +18.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest data storage device suppliers to China were Thailand ($X), South Korea ($X) and Malaysia ($X), together accounting for 57% of total imports.

Among the main suppliers, South Korea, with a CAGR of +8.9%, recorded 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, with a decrease of -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank modestly in the following year.

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 South Korea ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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