Southern Asia: Data Storage Device Market 2024

Data Storage Device Market Size in Southern Asia

The South Asian data storage device market was estimated at $X in 2022, with an increase of 5.8% against the previous year. Overall, consumption continues to indicate a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Production in Southern Asia

In value terms, data storage device production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 53%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Data Storage Device Exports

Exports in Southern Asia

In 2022, overseas shipments of data storage devices increased by 3.6% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 41% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports soared to $X in 2022. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, India (X units) was the largest exporter of data storage devices in Southern Asia, making up 98% of total export.

India was also the fastest-growing in terms of the data storage devices exports, with a CAGR of -10.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest data storage device supplier in Southern Asia.

In India, data storage device exports shrank by an average annual rate of -6.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by 35% against the previous year. Overall, the export price showed a notable expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by 84% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.0% per year.

Data Storage Device Imports

Imports in Southern Asia

In 2022, data storage device imports in Southern Asia declined to X units, approximately equating the year before. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, data storage device imports rose markedly to $X in 2022. Overall, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India dominates imports structure, resulting at X units, which was near 87% of total imports in 2022. The following importers - Pakistan (X units), Bangladesh (X units), Sri Lanka (X units) and Nepal (X units) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to data storage device imports into India stood at -7.7%. At the same time, Nepal (+8.2%), Sri Lanka (+7.6%), Bangladesh (+6.0%) and Pakistan (+2.6%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.2% from 2012-2022. While the share of Sri Lanka (+2.7 p.p.), Bangladesh (+2.6 p.p.) and Pakistan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported data storage devices in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 3.6% share of total imports. It was followed by Pakistan, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value in India totaled -1.8%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+4.2% per year) and Pakistan (+2.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, surging by 9% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, data storage device import price increased by +82.3% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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