Report Update Nov 1, 2024

Myanmar - Data Storage Devices - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Data Storage Device Market 2024

Data Storage Device Market Size in Myanmar

The Myanmar's data storage device market contracted markedly to $X in 2022, reducing by -39.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable decrease. Data storage device consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Data Storage Device Exports

Exports from Myanmar

In 2022, overseas shipments of data storage devices were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,456% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, data storage device exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 87,129%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for data storage device exports from Myanmar, with a 84% share of total exports. Moreover, data storage device exports to the United States exceeded the volume sent to the second major destination, Singapore (X units), fivefold.

From 2014 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for data storage devices exports from Myanmar, comprising 73% of total exports. The second position in the ranking was held by Singapore ($X), with a 27% share of total exports.

From 2014 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, increasing by 32% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3,312%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the United States stood at $X per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+229.1%).

Data Storage Device Imports

Imports into Myanmar

In 2022, the amount of data storage devices imported into Myanmar fell remarkably to X units, which is down by -50.8% compared with 2021. Over the period under review, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 466% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, data storage device imports dropped rapidly to $X in 2022. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of 355% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Malaysia (X units) and South Korea (X units) were the main suppliers of data storage device imports to Myanmar, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +56.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device suppliers to Myanmar were China ($X), Malaysia ($X) and Taiwan (Chinese) ($X), with a combined 81% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of +49.3%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average data storage device import price amounted to $X per unit, jumping by 23% against the previous year. In general, the import price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 462% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+59.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for storage units in the world?

China remains the largest storage unit consuming country worldwide, comprising approx. 40% of total volume. Moreover, storage unit consumption in China exceeded the figures recorded by the second-largest consumer, France, sixfold. Mexico ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of storage units in the world?

The country with the largest volume of storage unit production was Thailand, comprising approx. 46% of total volume. Moreover, storage unit production in Thailand exceeded the figures recorded by the second-largest producer, Germany, fourfold. China ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of storage units to Myanmar?

In value terms, China constituted the largest supplier of storage unit to Myanmar, comprising 32% of total imports. The second position in the ranking was occupied by Thailand, with a 15% share of total imports.

What are the leading importers of storage units from Myanmar?

In value terms, the largest markets for storage unit exported from Myanmar were Vietnam, Hong Kong SAR and Thailand, together accounting for 56% of total exports.

What is the average export price for storage units in Myanmar?

In 2021, the average storage unit export price amounted to $34 per unit, with an increase of 85% against the previous year.

What is the average import price for storage units in Myanmar?

In 2021, the average storage unit import price amounted to $219 per unit, dropping by -46.1% against the previous year.

This report provides an in-depth analysis of the data storage device market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26202100 - Storage units

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023