MENA: Data Storage Device Market 2024

Data Storage Device Market Size in MENA

In 2022, the MENA's data storage device market increased by 9.4% to $X, rising for the third year in a row after four years of decline. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.4% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Data Storage Device Production in MENA

In value terms, data storage device production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, saw a slight downturn. The growth pace was the most rapid in 2015 when the production volume increased by 37% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports in MENA

In 2022, shipments abroad of data storage devices decreased by -5.8% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 42%. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, data storage device exports totaled $X in 2022. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 98%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Israel (X units), the United Arab Emirates (X units) and Turkey (X units), together finishing at 97% of total export. Egypt (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +272.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest data storage device supplier in MENA, comprising 65% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Turkey, with a 12% share.

In Israel, data storage device exports expanded at an average annual rate of +17.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+6.9% per year) and Turkey (+3.3% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, rising by 6.3% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2015 when the export price increased by 62% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+32.6%), while the other leaders experienced more modest paces of growth.

Data Storage Device Imports

Imports in MENA

In 2022, purchases abroad of data storage devices decreased by -17.6% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 36%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, data storage device imports reduced to $X in 2022. In general, imports showed a slight slump. The pace of growth was the most pronounced in 2014 with an increase of 17%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of data storage devices, generating 56% of total imports. Turkey (X units) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Israel (8.5%). Qatar (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +7.7% from 2012 to 2022. At the same time, Qatar (+9.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +9.2% from 2012-2022. By contrast, Turkey (-1.3%) and Israel (-1.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+30 p.p.) and Qatar (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest data storage device importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), with a combined 79% share of total imports. These countries were followed by Qatar, which accounted for a further 4.2%.

In terms of the main importing countries, Qatar, with a CAGR of +3.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, with an increase of 4.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by 17% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform