United Kingdom: Data Storage Device Market 2024

Data Storage Device Market Size in the UK

In 2022, the UK data storage device market decreased by -11.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a perceptible slump. Data storage device consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Data Storage Device Production in the UK

In value terms, data storage device production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Data storage device production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Data Storage Device Exports

Exports from the UK

In 2022, data storage device exports from the UK declined to X units, which is down by -6.9% on the year before. Over the period under review, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 31% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports declined slightly to $X in 2022. Overall, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2014 when exports increased by 18%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for data storage device exports from the UK, with a 49% share of total exports. Moreover, data storage device exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Saudi Arabia (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-5.8% per year) and Saudi Arabia (+35.2% per year).

In value terms, the largest markets for data storage device exported from the UK were Germany ($X), the Netherlands ($X) and Ireland ($X), with a combined 56% share of total exports. The United States, France, the United Arab Emirates, Italy, Hong Kong SAR, Saudi Arabia, India, Poland and Spain lagged somewhat behind, together comprising a further 26%.

Saudi Arabia, with a CAGR of +23.8%, saw 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

In 2022, the average data storage device export price amounted to $X per unit, surging by 7.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 22%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to India ($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 Italy (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into the UK

Data storage device imports into the UK shrank to X units in 2022, with a decrease of -8.4% on the previous year. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, data storage device imports dropped to $X in 2022. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Thailand (X units) were the main suppliers of data storage device imports to the UK, together accounting for 72% of total imports. The United States, Malaysia, South Korea, the Czech Republic, the Philippines, Mexico, the Netherlands and Germany lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +36.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Taiwan (Chinese) ($X) were the largest data storage device suppliers to the UK, with a combined 45% share of total imports. The United States, South Korea, the Czech Republic, Malaysia, the Philippines, Mexico, the Netherlands and Germany lagged somewhat behind, together accounting for a further 31%.

South Korea, with a CAGR of +51.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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, shrinking by -2.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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