Israel: Data Storage Device Market 2024

Data Storage Device Market Size in Israel

In 2022, the Israeli data storage device market increased by 3.1% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, recorded a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Data Storage Device Production in Israel

In value terms, data storage device production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a measured expansion. The growth pace was the most rapid in 2016 with an increase of 45%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Data Storage Device Exports

Exports from Israel

In 2022, data storage device exports from Israel soared to X units, rising by 26% on the previous year's figure. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 85%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, data storage device exports stood at $X in 2022. In general, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of 82% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Sweden (X units), the Netherlands (X units) and the United States (X units) were the main destinations of data storage device exports from Israel, with a combined 65% share of total exports. Belgium, Kazakhstan, Canada, Mexico and China lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +133.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for data storage devices exports from Israel, comprising 53% of total exports. The second position in the ranking was taken by Belgium ($X), with a 12% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+64.4% per year) and Mexico (+37.9% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, falling by -15.9% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 decreased by -21.5% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 64%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

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 Mexico ($X per unit), while the average price for exports to Sweden ($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 United States (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Data Storage Device Imports

Imports into Israel

In 2022, overseas purchases of data storage devices increased by 39% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a mild decline. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, data storage device imports expanded markedly to $X in 2022. In general, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Hungary (X units) and Germany (X units) were the main suppliers of data storage device imports to Israel, with a combined 51% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +24.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device suppliers to Israel were China ($X), Hungary ($X) and the United States ($X), with a combined 53% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +32.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, which is down by -21.1% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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