Global Data Storage Device Market 2024

Data Storage Device Market Size

For the third consecutive year, the global data storage device market recorded growth in sales value, which increased by 8.2% to $X in 2022. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in years to come.

Data Storage Device Production

In value terms, data storage device production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced descent. The pace of growth was the most pronounced in 2021 when the production volume increased by 7% against the previous year. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Data Storage Device Exports

Exports

In 2022, the amount of data storage devices exported worldwide shrank markedly to X units, with a decrease of -16.8% compared with 2021 figures. In general, exports showed a deep reduction. The smallest decline of -0.8% was in 2018. Over the period under review, the global exports reached the peak figure 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 notably to $X in 2022. Overall, exports recorded a pronounced slump. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units), distantly followed by Thailand (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) represented the major exporters of data storage devices, together making up 73% of total exports. Germany (X units), the United States (X units), the Philippines (X units), the Netherlands (X units) and Mexico (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +5.8%), while shipments for the other global leaders experienced a decline in the exports figures.

In value terms, the largest data storage device supplying countries worldwide were China ($X), Thailand ($X) and the United States ($X), together accounting for 53% of global exports. Hong Kong SAR, Mexico, the Netherlands, the Philippines, Germany and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 26%.

Among the main exporting countries, the Philippines, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, remaining constant against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 +26.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21% against the previous year. The global export price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the other global leaders experienced more modest paces of growth.

Data Storage Device Imports

Imports

In 2022, the amount of data storage devices imported worldwide shrank to X units, with a decrease of -13.7% on the year before. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 7.4%. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, data storage device imports shrank to $X in 2022. In general, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the key importer of data storage devices in the world, with the volume of imports finishing at X units, which was approx. 38% of total imports in 2022. Hong Kong SAR (X units) ranks second in terms of the total imports with a 9.2% share, followed by the United States (7.5%). Germany (X units), Mexico (X units), Taiwan (Chinese) (X units), the Netherlands (X units), Japan (X units), Malaysia (X units), the Czech Republic (X units), Poland (X units), the UK (X units) and Singapore (X units) held a little share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of data storage devices. At the same time, Taiwan (Chinese) (+1.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in the world, with a CAGR of +1.7% from 2012-2022. By contrast, Malaysia (-1.3%), Mexico (-2.0%), Poland (-3.1%), the UK (-5.2%), the Czech Republic (-6.7%), Germany (-6.9%), Japan (-7.2%), the Netherlands (-8.3%), Singapore (-9.6%), Hong Kong SAR (-11.8%) and the United States (-13.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Taiwan (Chinese) increased by +17 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported data storage devices worldwide, comprising 29% of global imports. The second position in the ranking was taken by the United States ($X), with a 14% share of global imports. It was followed by Mexico, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +2.5%. In the other countries, the average annual rates were as follows: the United States (-1.9% per year) and Mexico (+6.0% per year).

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, surging by 5.7% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.2% 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 import price increased by +70.9% against 2013 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11% against the previous year. Global 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 importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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