Greece: Data Storage Device Market 2024

Data Storage Device Market Size in Greece

After two years of growth, the Greek data storage device market decreased by -10.2% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Data Storage Device Exports

Exports from Greece

In 2022, after two years of decline, there was significant growth in overseas shipments of data storage devices, when their volume increased by 122% to X units. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, data storage device exports soared to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 191% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X units), Germany (X units) and Hong Kong SAR (X units) were the main destinations of data storage device exports from Greece, with a combined 76% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +189.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for data storage devices exports from Greece, comprising 63% of total exports. The second position in the ranking was taken by Germany ($X), with a 23% share of total exports. It was followed by Hong Kong SAR, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus amounted to +49.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+37.4% per year) and Hong Kong SAR (+128.4% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, picking up by 4.6% against the previous year. In general, the export price saw strong growth. The pace of growth was the most pronounced in 2015 an increase of 177% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per unit), while the average price for exports to Hungary ($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 Cyprus (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Greece

In 2022, data storage device imports into Greece soared to X units, picking up by 18% compared with the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 54%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, data storage device imports stood at $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of data storage device imports to Greece, with a combined 64% share of total imports. Italy, Latvia, Poland, Cyprus, Austria, Thailand and the Czech Republic lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +217.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of data storage devices to Greece, comprising 32% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by Latvia, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.5% per year) and Latvia (+242.1% per year).

Import Prices by Country

In 2022, the average data storage device import price amounted to $X per unit, declining by -10% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 import price increased by +20.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Italy ($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 (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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