Portugal: Data Storage Device Market 2024

Data Storage Device Market Size in Portugal

The Portuguese data storage device market dropped remarkably to $X in 2022, shrinking by -19% 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). Over the period under review, consumption showed a pronounced descent. Data storage device consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Data Storage Device Exports

Exports from Portugal

In 2022, the amount of data storage devices exported from Portugal reduced sharply to X units, with a decrease of -49.2% against the year before. Over the period under review, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 94% against the previous year. The exports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, data storage device exports shrank dramatically to $X in 2022. In general, exports showed a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 141% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Angola (X units), Spain (X units) and Romania (X units) were the main destinations of data storage device exports from Portugal, together accounting for 60% of total exports. Estonia, Germany, Latvia, the Netherlands, the UK and the United States lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for data storage device exported from Portugal were Spain ($X), Angola ($X) and Romania ($X), with a combined 58% share of total exports. Estonia, Latvia, Germany, the Netherlands, the United States and the UK lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Estonia, with a CAGR of +49.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, falling by -3.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 27% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 Romania (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Portugal

Data storage device imports into Portugal reduced sharply to X units in 2022, which is down by -35.5% compared with 2021. In general, imports showed a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, data storage device imports contracted sharply to $X in 2022. Overall, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, Spain (X units) constituted the largest data storage device supplier to Portugal, accounting for a 40% share of total imports. Moreover, data storage device imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and the Netherlands (-1.1% per year).

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) were the largest data storage device suppliers to Portugal, together comprising 56% of total imports. The Czech Republic, Poland, Italy, China, France and the UK lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Poland, with a CAGR of +36.5%, 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

In 2022, the average data storage device import price amounted to $X per unit, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2014 an increase of 12%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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