U.S.: Computer Storage Device Market 2024

Computer Storage Device Market Size in the U.S.

In 2022, the U.S. computer storage device market increased by X% to $X, rising for the third consecutive year after six years of decline. Overall, consumption showed a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Computer Storage Device Production in the U.S.

In value terms, computer storage device production totaled $X in 2022. In general, production, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Computer storage device production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Computer Storage Device Exports

Exports from the U.S.

In 2022, the amount of computer storage devices exported from the United States dropped remarkably to X units, reducing by X% against the year before. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, computer storage device exports expanded significantly to $X in 2022. Over the period under review, exports showed a slight decrease. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for computer storage device exports from the United States, with a X% share of total exports. Moreover, computer storage device exports to Mexico exceeded the volume sent to the second major destination, Hong Kong SAR (X units), eightfold. Canada (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Canada (X% per year).

In value terms, Mexico ($X) remains the key foreign market for computer storage devices exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average computer storage device export price stood at $X per unit in 2022, rising by X% against the previous year. In general, export price indicated a resilient expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, computer storage device export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Paraguay ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Computer Storage Device Imports

Imports into the U.S.

In 2022, the amount of computer storage devices imported into the United States reduced notably to X units, with a decrease of X% compared with the previous year's figure. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, computer storage device imports expanded markedly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest computer storage device supplier to the United States, accounting for a X% share of total imports. Moreover, computer storage device imports from Thailand exceeded the figures recorded by the second-largest supplier, the Philippines (X units), sixfold. The third position in this ranking was held by China (X units), with an X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and China (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of computer storage devices to the United States, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average computer storage device import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price showed buoyant growth. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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