India: Data Storage Device Market 2024

Data Storage Device Market Size in India

The Indian data storage device market was estimated at $X in 2022, picking up by 9.3% against the previous year. Over the period under review, consumption, however, continues to indicate a mild decline. Data storage device consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Production in India

In value terms, data storage device production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 53% against the previous year. Data storage device production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Data Storage Device Exports

Exports from India

In 2022, shipments abroad of data storage devices increased by 4.3% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 41%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep contraction. The growth pace was the most rapid in 2015 with an increase of 45% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Vietnam (X units) and the United States (X units) were the main destinations of data storage device exports from India, with a combined 67% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +69.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for data storage device exported from India were Singapore ($X), Vietnam ($X) and Russia ($X), with a combined 38% share of total exports.

Vietnam, with a CAGR of +90.5%, 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

In 2022, the average data storage device export price amounted to $X per unit, growing by 36% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 88%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Russia ($X per unit), while the average price for exports to Malaysia ($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 Russia (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into India

In 2022, supplies from abroad of data storage devices increased by 1.8% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, data storage device imports rose significantly to $X in 2022. Overall, imports, however, showed a slight contraction. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units), Singapore (X units) and China (X units) were the main suppliers of data storage device imports to India, together comprising 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device suppliers to India were Thailand ($X), Singapore ($X) and the United States ($X), with a combined 61% share of total imports. China, Hong Kong SAR, Malaysia, Taiwan (Chinese), the UK and the Philippines lagged somewhat behind, together accounting for a further 25%.

Hong Kong SAR, with a CAGR of +13.5%, saw 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, growing by 9.2% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +100.7% against 2018 indices. The pace of growth was the most pronounced in 2020 an increase of 34%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Singapore ($X per unit), while the price for the UK ($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) (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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