Thailand: Data Storage Device Market 2024

Data Storage Device Market Size in Thailand

The Thai data storage device market soared to $X in 2022, with an increase of 421% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Data Storage Device Production in Thailand

In value terms, data storage device production totaled $X in 2022 estimated in export price. In general, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports from Thailand

In 2022, overseas shipments of data storage devices decreased by -26.7% to X units, falling for the fourth year in a row after two years of growth. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by 11% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, data storage device exports reduced to $X in 2022. Over the period under review, exports saw a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and China (X units) were the main destinations of data storage device exports from Thailand, together comprising 65% of total exports. Singapore, the Netherlands, India, Japan, Germany, Taiwan (Chinese), the United Arab Emirates, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +3.1%), while the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for data storage devices exports from Thailand, comprising 46% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-2.8% per year) and China (-8.7% per year).

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, with an increase of 20% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.7% 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 export price increased by +109.3% against 2012 indices. The pace of growth appeared the most rapid in 2021 an increase of 21%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to India ($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 United States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Thailand

In 2022, supplies from abroad of data storage devices decreased by -10.7% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 16% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, data storage device imports fell notably to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 23%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest data storage device supplier to Thailand, accounting for a 68% share of total imports. Moreover, data storage device imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The Philippines (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.3% per year) and the Philippines (-13.6% per year).

In value terms, China ($X) constituted the largest supplier of data storage devices to Thailand, comprising 53% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.8% share of total imports. It was followed by Singapore, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.9% per year) and Singapore (+0.5% per year).

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, dropping by -5.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average 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 Singapore ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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