Malaysia: Data Storage Device Market 2024

Data Storage Device Market Size in Malaysia

The Malaysian data storage device market fell notably to $X in 2022, waning by -26.7% against the previous year. In general, consumption, however, recorded modest growth. Data storage device consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Production in Malaysia

In value terms, data storage device production declined rapidly to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 4,547%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports from Malaysia

In 2022, shipments abroad of data storage devices was finally on the rise to reach X units after three years of decline. In general, exports, however, saw a sharp reduction. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, data storage device exports declined to $X in 2022. Overall, exports, however, recorded a dramatic decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 14% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), Thailand (X units) and India (X units) were the main destinations of data storage device exports from Malaysia, with a combined 49% share of total exports. Germany, the Czech Republic, Hong Kong SAR, the United States, China, the UK, Vietnam and Singapore lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of -0.7%), while the other leaders experienced a decline.

In value terms, Thailand ($X), Germany ($X) and the United States ($X) constituted the largest markets for data storage device exported from Malaysia worldwide, together accounting for 34% of total exports. The Czech Republic, Japan, Hong Kong SAR, Singapore, the UK, India, China and Vietnam lagged somewhat behind, together accounting for a further 44%.

The UK, with a CAGR of -1.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, declining by -15.9% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Singapore ($X per unit), while the average price for exports to India ($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 Hong Kong SAR (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Data Storage Device Imports

Imports into Malaysia

In 2022, overseas purchases of data storage devices increased by 15% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, data storage device imports declined modestly to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 30% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest data storage device supplier to Malaysia, with a 54% share of total imports. Moreover, data storage device imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.2% per year) and Taiwan (Chinese) (+10.1% per year).

In value terms, the largest data storage device suppliers to Malaysia were Thailand ($X), China ($X) and Singapore ($X), with a combined 75% share of total imports. Taiwan (Chinese), the United States, the Philippines, Poland, the Netherlands, Vietnam, South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further 20%.

Poland, with a CAGR of +45.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 -14.6% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 49%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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