Spain: Data Storage Device Market 2024

Data Storage Device Market Size in Spain

The Spanish data storage device market contracted slightly to $X in 2022, waning by -5% against the previous year. In general, consumption continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Data Storage Device Production in Spain

In value terms, data storage device production reduced to $X in 2022 estimated in export price. In general, production faced a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports from Spain

In 2022, overseas shipments of data storage devices decreased by -14.1% to X units, falling for the second year in a row after seven years of growth. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 72% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, data storage device exports declined significantly to $X in 2022. Over the period under review, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Portugal (X units), Germany (X units) and France (X units) were the main destinations of data storage device exports from Spain, with a combined 59% share of total exports. Italy, Poland, Romania, the UK, the Netherlands, Latvia and Croatia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +166.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for data storage device exported from Spain were Germany ($X), Portugal ($X) and France ($X), with a combined 60% share of total exports. Italy, Poland, the UK, Romania, the Netherlands, Latvia and Croatia lagged somewhat behind, together accounting for a further 29%.

Croatia, with a CAGR of +143.1%, recorded the highest growth rate of the value of exports, in terms of 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

The average data storage device export price stood at $X per unit in 2022, shrinking by -12.9% against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 54% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 the UK ($X per unit), while the average price for exports to Romania ($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 Latvia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Spain

In 2022, overseas purchases of data storage devices decreased by -14.2% to X units, falling for the second year in a row after two years of growth. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 42%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, data storage device imports contracted to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.1% against 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 37%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Germany (X units), China (X units) and Thailand (X units) were the main suppliers of data storage device imports to Spain, together accounting for 51% of total imports. The Netherlands, France, Italy, South Korea, Poland, Malaysia, the Czech Republic and the UK lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +44.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device suppliers to Spain were the Netherlands ($X), Thailand ($X) and China ($X), together accounting for 45% of total imports. Germany, Poland, South Korea, Italy, Malaysia, France, the Czech Republic and the UK lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, South Korea, with a CAGR of +40.7%, 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, surging by 7.5% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +30.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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