Serbia: Data Storage Device Market 2025

Data Storage Device Market Size in Serbia

The Serbian data storage device market soared to $X in 2022, with an increase of 40% against the previous year. In general, consumption saw a significant increase. Data storage device consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Data Storage Device Production in Serbia

In value terms, data storage device production reduced to $X in 2022 estimated in export price. Overall, production saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Data storage device production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports from Serbia

In 2022, overseas shipments of data storage devices increased by 15% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 198% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports contracted slightly to $X in 2022. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 131% against the previous year. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

Australia (X units) was the main destination for data storage device exports from Serbia, with a 32% share of total exports. Moreover, data storage device exports to Australia exceeded the volume sent to the second major destination, Turkey (X units), twofold. Montenegro (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +154.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+120.9% per year) and Montenegro (+24.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for data storage devices exports from Serbia, comprising 55% of total exports. The second position in the ranking was taken by the United States ($X), with a 10% share of total exports. It was followed by North Macedonia, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to +83.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+28.0% per year) and North Macedonia (+26.0% per year).

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, reducing by -14.4% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 86%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Turkey ($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 North Macedonia (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Serbia

Data storage device imports into Serbia soared to X units in 2022, picking up by 34% on the year before. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 119%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, data storage device imports soared to $X in 2022. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and the Netherlands (X units) were the main suppliers of data storage device imports to Serbia, together comprising 72% of total imports. Thailand, Poland, Ireland, Croatia, the Czech Republic, Hungary and Germany lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +72.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Taiwan (Chinese) ($X) appeared to be the largest data storage device suppliers to Serbia, with a combined 66% share of total imports. Thailand, Poland, Ireland, Hungary, the Czech Republic, Germany and Croatia lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, Poland, with a CAGR of +69.8%, 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

The average data storage device import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 34% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform