Saudi Arabia: Data Storage Device Market 2024

Data Storage Device Market Size in Saudi Arabia

The Saudi data storage device market fell significantly to less than $X in 2022, dropping by 99.9% against the previous year. Over the period under review, consumption saw a temperate increase. Over the period under review, the market attained the peak level at $X in 2021, and then contracted notably in the following year.

Data Storage Device Production in Saudi Arabia

In value terms, data storage device production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Data storage device production peaked in 2022 and is likely to see steady growth in years to come.

Data Storage Device Exports

Exports from Saudi Arabia

In 2022, data storage device exports from Saudi Arabia shrank sharply to X units, reducing by -69% against the previous year's figure. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 634%. As a result, the exports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, data storage device exports contracted markedly to $X in 2022. Over the period under review, exports saw a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 444% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The Netherlands (X units) was the main destination for data storage device exports from Saudi Arabia, accounting for a 37% share of total exports. Moreover, data storage device exports to the Netherlands exceeded the volume sent to the second major destination, Hungary (X units), twofold. Denmark (X units) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+39.6% per year) and Denmark (+76.2% per year).

In value terms, the largest markets for data storage device exported from Saudi Arabia were Hungary ($X), the Netherlands ($X) and Germany ($X), together accounting for 52% of total exports. The UK, Denmark, Hong Kong SAR, Switzerland, Ireland and Poland lagged somewhat behind, together comprising a further 7.6%.

Denmark, with a CAGR of +65.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, jumping by 91% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Germany (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Saudi Arabia

In 2021, purchases abroad of data storage devices increased by 11% to X units, rising for the second year in a row after five years of decline. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 76% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, data storage device imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 26%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest data storage device supplier to Saudi Arabia, with a 49% share of total imports. Moreover, data storage device imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.1% per year) and Taiwan (Chinese) (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of data storage devices to Saudi Arabia, comprising 32% of total imports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.5% per year) and Taiwan (Chinese) (+3.6% per year).

Import Prices by Country

The average data storage device import price stood at $X per unit in 2021, waning by -4.3% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The growth pace was the most rapid in 2019 when the average import price increased by 85%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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