United Kingdom: Memories Market 2025

Memories Market Size in the UK

The UK memories market skyrocketed to $X in 2021, jumping by 34% against the previous year. In general, consumption, however, saw a deep slump. Memories consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Memories Production in the UK

In value terms, memories production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant contraction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Memories Exports

Exports from the UK

In 2021, approx. X units of multichip integrated circuits: memories were exported from the UK; waning by -65.9% on the year before. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, memories exports declined remarkably to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 88% against the previous year. As a result, the exports attained the peak of $X, and then dropped significantly in the following year.

Exports by Country

Germany (X units) was the main destination for memories exports from the UK, accounting for a 52% share of total exports. Moreover, memories exports to Germany exceeded the volume sent to the second major destination, Ireland (X units), sevenfold. China (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-2.2% per year) and China (+22.2% per year).

In value terms, Germany ($X) remains the key foreign market for multichip integrated circuits: memories exports from the UK, comprising 31% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+34.6% per year) and Hong Kong SAR (+22.2% per year).

Export Prices by Country

In 2021, the average memories export price amounted to $X per unit, growing by 76% against the previous year. Overall, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 89%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into the UK

For the fourth year in a row, the UK recorded decline in purchases abroad of multichip integrated circuits: memories, which decreased by -9.5% to X units in 2021. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, memories imports surged to $X in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 43% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), the Netherlands (X units) and the United States (X units) were the main suppliers of memories imports to the UK, together comprising 53% of total imports. These countries were followed by South Korea, China, Germany, Hungary, France, Japan and Ireland, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +70.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of multichip integrated circuits: memories to the UK, comprising 41% of total imports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+19.0% per year) and Taiwan (Chinese) (+19.4% per year).

Import Prices by Country

The average memories import price stood at $X per unit in 2021, increasing by 34% against the previous year. Overall, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 74%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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