Vietnam: Data Storage Device Market 2025

Data Storage Device Market Size in Vietnam

The Vietnamese data storage device market dropped remarkably to $X in 2022, which is down by -69.4% against the previous year. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Production in Vietnam

In value terms, data storage device production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the production volume increased by 110% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Data Storage Device Exports

Exports from Vietnam

In 2022, overseas shipments of data storage devices increased by 49% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 325%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, data storage device exports shrank to $X in 2022. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 313% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Hong Kong SAR (X units) was the main destination for data storage device exports from Vietnam, with a 40% share of total exports. Moreover, data storage device exports to Hong Kong SAR exceeded the volume sent to the second major destination, India (X units), threefold. The third position in this ranking was held by the United States (X units), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+36.0% per year) and the United States (+24.5% per year).

In value terms, the United States ($X) remains the key foreign market for data storage devices exports from Vietnam, comprising 54% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 10% share of total exports. It was followed by Malaysia, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+24.1% per year) and Malaysia (+20.2% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, which is down by -37.6% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 44%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($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 Malaysia (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Data Storage Device Imports

Imports into Vietnam

In 2022, after two years of growth, there was significant decline in supplies from abroad of data storage devices, when their volume decreased by -6.5% to X units. Over the period under review, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, data storage device imports shrank to $X in 2022. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 65% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

The United States (X units), China (X units) and Malaysia (X units) were the main suppliers of data storage device imports to Vietnam, with a combined 71% share of total imports. Singapore, Thailand, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +56.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device suppliers to Vietnam were Thailand ($X), China ($X) and the United States ($X), together comprising 58% of total imports. Malaysia, Taiwan (Chinese), Singapore and Hong Kong SAR lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +60.4%, saw 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, shrinking by -7.8% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the United States ($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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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