Denmark: Data Storage Device Market 2024

Data Storage Device Market Size in Denmark

The Danish data storage device market plummeted to $X in 2022, waning by -35.6% against the previous year. Over the period under review, consumption showed a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Data Storage Device Production in Denmark

In value terms, data storage device production dropped dramatically to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 5,062%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Data Storage Device Exports

Exports from Denmark

In 2022, the amount of data storage devices exported from Denmark shrank notably to X units, with a decrease of -19.5% compared with 2021 figures. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports declined dramatically to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 38%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Sweden (X units) was the main destination for data storage device exports from Denmark, with a 30% share of total exports. Moreover, data storage device exports to Sweden exceeded the volume sent to the second major destination, Norway (X units), twofold. The third position in this ranking was held by the UK (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-5.8% per year) and the UK (+7.6% per year).

In value terms, the largest markets for data storage device exported from Denmark were Sweden ($X), Norway ($X) and Germany ($X), together accounting for 52% of total exports. Finland, the UK, the Netherlands, South Korea, the United States, France, Poland, Italy, Spain and Canada lagged somewhat behind, together accounting for a further 29%.

South Korea, with a CAGR of +28.0%, 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

The average data storage device export price stood at $X per unit in 2022, picking up by 2.3% 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 2021 an increase of 32%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Finland ($X per unit), while the average price for exports to Canada ($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 Finland (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Denmark

In 2022, the amount of data storage devices imported into Denmark fell rapidly to X units, with a decrease of -27.8% against 2021. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, data storage device imports declined significantly to $X in 2022. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest data storage device supplier to Denmark, accounting for a 38% share of total imports. Moreover, data storage device imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by China (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-6.1% per year) and China (-6.0% per year).

In value terms, Germany ($X) constituted the largest supplier of data storage devices to Denmark, comprising 19% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.6% share of total imports. It was followed by Poland, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.4% per year) and Poland (+36.2% per year).

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, growing by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Poland ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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