Sweden: Data Storage Device Market 2024

Data Storage Device Market Size in Sweden

The Swedish data storage device market rose slightly to $X in 2022, growing by 4.7% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Data Storage Device Production in Sweden

In value terms, data storage device production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 71%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Data Storage Device Exports

Exports from Sweden

Data storage device exports from Sweden declined slightly to X units in 2022, remaining stable against 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 21%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, data storage device exports reduced to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 30%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of data storage device exports from Sweden, with a combined 70% share of total exports. The United States, Poland, the UK, Germany and the Netherlands lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and Finland ($X) appeared to be the largest markets for data storage device exported from Sweden worldwide, with a combined 54% share of total exports. The United States, the Netherlands, the UK, Poland and Germany lagged somewhat behind, together accounting for a further 22%.

The United States, with a CAGR of +24.2%, 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 -10.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 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 Netherlands ($X per unit), while the average price for exports to Poland ($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 the Netherlands (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Sweden

In 2022, imports of data storage devices into Sweden declined sharply to X units, shrinking by -16.6% on 2021 figures. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 21% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, data storage device imports reduced slightly to $X in 2022. Overall, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 16% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and Denmark (X units) were the main suppliers of data storage device imports to Sweden, together accounting for 49% of total imports. China, Thailand, the Czech Republic, Ireland, Taiwan (Chinese), Hong Kong SAR, Poland, Hungary, Malaysia and the UK lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +50.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device suppliers to Sweden were Ireland ($X), the Netherlands ($X) and Denmark ($X), with a combined 54% share of total imports. Poland, Thailand, the Czech Republic, Germany, Hungary, China, Malaysia, Taiwan (Chinese), Hong Kong SAR and the UK lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Poland, with a CAGR of +66.7%, recorded 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, rising by 19% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.4% 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 +97.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 34%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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