Middle East: Data Storage Device Market 2024

Data Storage Device Market Size in the Middle East

The Middle Eastern data storage device market shrank to $X in 2022, reducing by -12.3% against the previous year. In general, consumption recorded a mild descent. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Data Storage Device Production in the Middle East

In value terms, data storage device production surged to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +52.2% against 2020 indices. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports in the Middle East

In 2022, approx. X units of data storage devices were exported in the Middle East; picking up by 2.6% against the previous year. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +70.4% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 56%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, data storage device exports rose modestly to $X in 2022. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 125% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of data storage devices, namely Israel, the United Arab Emirates and Turkey, represented more than two-thirds of total export.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the largest data storage device supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Israel totaled +17.3%. 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

The export price in the Middle East stood at $X per unit in 2022, leveling off at the previous year. Overall, the export price showed a notable expansion. The most prominent rate of growth was recorded in 2015 an increase of 44%. 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+2.1%), while the other leaders experienced more modest paces of growth.

Data Storage Device Imports

Imports in the Middle East

After three years of growth, supplies from abroad of data storage devices decreased by -17% to X units in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 37% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, data storage device imports shrank to $X in 2022. Overall, imports recorded a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by 17% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of data storage devices in the Middle East, with the volume of imports finishing at X units, which was near 59% of total imports in 2022. Turkey (X units) took the second position in the ranking, distantly followed by Israel (X units). All these countries together took near 34% share of total imports. Qatar (X units) held a relatively small share of total imports.

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 the Middle East, 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. From 2012 to 2022, the share of the United Arab Emirates and Qatar increased by +31 and +2.2 percentage points, respectively.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 83% share of total imports. Qatar lagged somewhat behind, accounting for a further 4.4%.

In terms of the main importing countries, Qatar, with a CAGR of +3.3%, recorded the highest rates of growth with regard to 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 the Middle East stood at $X per unit in 2022, picking up by 3% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2016 when the import price increased by 18%. Over the period under review, import prices attained the maximum 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 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

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