Czech Republic: Data Storage Device Market 2024

Data Storage Device Market Size in the Czech Republic

In 2022, the Czech data storage device market increased by 2.4% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a perceptible slump. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Data Storage Device Exports

Exports from the Czech Republic

In 2022, shipments abroad of data storage devices decreased by -31.2% to X units, falling for the second year in a row after three years of growth. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 24%. 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 to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), the Netherlands (X units) and Slovakia (X units) were the main destinations of data storage device exports from the Czech Republic, with a combined 35% share of total exports. France, Italy, the UK, Spain, Poland, the United States, Japan, Singapore, Russia and Latvia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +54.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for data storage device exported from the Czech Republic were Germany ($X), the Netherlands ($X) and the United States ($X), together comprising 35% of total exports. The UK, France, Italy, Singapore, Japan, Spain, Slovakia, Poland, Russia and Latvia lagged somewhat behind, together comprising a further 36%.

Japan, with a CAGR of +64.7%, recorded 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

The average data storage device export price stood at $X per unit in 2022, jumping by 37% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% 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 increased by +61.5% against 2020 indices. 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Latvia ($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 UK (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into the Czech Republic

In 2022, the amount of data storage devices imported into the Czech Republic shrank sharply to X units, dropping by -20.2% compared with the year before. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by 3.2%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, data storage device imports fell rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and South Korea (X units) were the main suppliers of data storage device imports to the Czech Republic, with a combined 54% share of total imports. The Netherlands, Taiwan (Chinese), Malaysia, Mexico, the Philippines and Singapore lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +47.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and the Netherlands ($X) constituted the largest data storage device suppliers to the Czech Republic, together comprising 49% of total imports.

The Netherlands, with a CAGR of +36.8%, 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

In 2022, the average data storage device import price amounted to $X per unit, increasing by 3.6% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2018 when the average import price increased by 34% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Taiwan (Chinese) ($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 Netherlands (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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