Computing Machinery Market

The global computing machinery market is forecasted to see an upward consumption trend over the next eight years, with a CAGR of +3.0% in volume and +6.9% in value from 2022 to 2030. China is the largest producing and exporting country, while the highest per capita consumption is seen in Singapore.

Market Forecast

Driven by rising demand for computing machinery worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 7.4B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.9% for the period from 2022 to 2030, which is projected to bring the market value to $937.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Computing Machinery And Parts And Accessories Thereof

Global computing machinery consumption shrank to 5.8B units in 2022, with a decrease of -8.3% against 2021. Over the period under review, consumption showed a perceptible shrinkage. As a result, consumption attained the peak volume of 8.6B units. From 2016 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global computing machinery market revenue reduced to $548.2B in 2022, with a decrease of -4.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level at $601.8B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the Philippines (966M units), China (744M units) and Singapore (425M units), together comprising 37% of global consumption. The United States, Hong Kong SAR, Malaysia, Japan, Germany, Mexico, India, France, Indonesia and Brazil lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Malaysia (with a CAGR of +32.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($72.7B), China ($58B) and Singapore ($52.9B) appeared to be the countries with the highest levels of market value in 2022, with a combined 33% share of the global market. The Philippines, Hong Kong SAR, Germany, Malaysia, Mexico, Japan, India, France, Brazil and Indonesia lagged somewhat behind, together accounting for a further 39%.

Malaysia, with a CAGR of +33.4%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of computing machinery per capita consumption was registered in Singapore (74 units per person), followed by Hong Kong SAR (36 units per person), the Philippines (8.6 units per person) and Malaysia (7.9 units per person), while the world average per capita consumption of computing machinery was estimated at 0.7 units per person.

In Singapore, computing machinery per capita consumption increased at an average annual rate of +2.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+5.8% per year) and the Philippines (+18.3% per year).

Production

World Production of Computing Machinery And Parts And Accessories Thereof

In 2022, the amount of computing machinery and parts and accessories thereof produced worldwide reached 6.7B units, picking up by 2.1% on 2021. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.8%. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, computing machinery production reached $480.7B in 2022 estimated in export price. Overall, production saw mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. Over the period under review, global production hit record highs at $522B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

China (3.2B units) remains the largest computing machinery producing country worldwide, accounting for 47% of total volume. Moreover, computing machinery production in China exceeded the figures recorded by the second-largest producer, the Philippines (1B units), threefold. The third position in this ranking was held by Singapore (465M units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+1.2% per year) and Singapore (+0.8% per year).

Imports

World Imports of Computing Machinery And Parts And Accessories Thereof

After two years of growth, overseas purchases of computing machinery and parts and accessories thereof decreased by -19.6% to 5.5B units in 2022. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 6.8%. Over the period under review, global imports hit record highs at 9.7B units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, computing machinery imports totaled $733.1B in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports By Country

The purchases of the twelve major importers of computing machinery and parts and accessories thereof, namely the Netherlands, the United States, Germany, China, Hong Kong SAR, Japan, France, Indonesia, the Czech Republic, Singapore, India and the UK, represented more than half of total import. Russia (112M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +7.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($169.8B) constitutes the largest market for imported computing machinery and parts and accessories thereof worldwide, comprising 23% of global imports. The second position in the ranking was held by China ($62.4B), with an 8.5% share of global imports. It was followed by the Netherlands, with an 8.2% share.

In the United States, computing machinery imports expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+5.3% per year) and the Netherlands (+4.9% per year).

Imports By Type

Printing machinery; parts and accessories, n.e.c. in item no. 8443.91 (2.8B units) and automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. (2.4B units) represented the key types of computing machinery and parts and accessories thereof in 2022, reaching near 44% and 37% of total imports, respectively. It was distantly followed by machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units (986M units), mixing up a 15% share of total imports.

From 2012 to 2022, the biggest increases were recorded for multitask printers, copymachines and facsimile machines (with a CAGR of +1.0%), while purchases for the other products experienced a decline in the imports figures.

In value terms, automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. ($495.6B) constitutes the largest type of computing machinery and parts and accessories thereof imported worldwide, comprising 68% of global imports. The second position in the ranking was taken by machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units ($154.4B), with a 21% share of global imports. It was followed by printing machinery; parts and accessories, n.e.c. in item no. 8443.91, with a 6.2% share.

For automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s., imports increased at an average annual rate of +3.6% over the period from 2012-2022. For the other products, the average annual rates were as follows: machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units (+3.1% per year) and printing machinery; parts and accessories, n.e.c. in item no. 8443.91 (-3.2% per year).

Import Prices By Type

In 2022, the average computing machinery import price amounted to $132 per unit, increasing by 25% against the previous year. In general, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by the product type; the product with the highest price was automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. ($206 per unit), while the price for printing machinery; parts and accessories, n.e.c. in item no. 8443.91 ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. (+9.4%), while the other products experienced more modest paces of growth.

Import Prices By Country

In 2022, the average computing machinery import price amounted to $132 per unit, increasing by 25% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 30%. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

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 the United States ($297 per unit), while Indonesia ($36 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Computing Machinery And Parts And Accessories Thereof

In 2022, shipments abroad of computing machinery and parts and accessories thereof decreased by -9.8% to 6.4B units for the first time since 2016, thus ending a five-year rising trend. In general, exports showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year. The global exports peaked at 8.8B units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, computing machinery exports reduced to $675.2B in 2022. The total export value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $718.5B, and then fell in the following year.

Exports By Country

China represented the major exporting country with an export of about 2.8B units, which resulted at 43% of total exports. It was distantly followed by the Netherlands (734M units), creating an 11% share of total exports. Germany (260M units), Vietnam (224M units), Thailand (214M units), Hong Kong SAR (211M units), the United States (198M units), Singapore (183M units), Malaysia (177M units), Mexico (176M units), Japan (163M units), Taiwan (Chinese) (154M units) and the Czech Republic (125M units) held a little share of total exports.

Exports from China decreased at an average annual rate of -1.7% from 2012 to 2022. At the same time, Mexico (+11.9%), Taiwan (Chinese) (+4.0%), the Netherlands (+3.3%), Thailand (+2.7%) and Vietnam (+1.6%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.9% from 2012-2022. By contrast, the Czech Republic (-1.9%), Germany (-3.7%), Singapore (-4.0%), Japan (-4.5%), the United States (-7.0%), Malaysia (-8.0%) and Hong Kong SAR (-12.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Netherlands and Mexico increased by +5.8, +5.5 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($242.7B) remains the largest computing machinery supplier worldwide, comprising 36% of global exports. The second position in the ranking was held by the Netherlands ($56.8B), with an 8.4% share of global exports. It was followed by the United States, with a 7.2% share.

In China, computing machinery exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+4.6% per year) and the United States (-0.1% per year).

Exports By Type

Printing machinery; parts and accessories, n.e.c. in item no. 8443.91 (3B units) and automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. (2.4B units) represented roughly 77% of total exports in 2022. Machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units (1,048M units) took the next position in the ranking, distantly followed by monitors other than cathode-ray tube; of a kind solely or principally used in an automatic data processing system of heading 84.71 (396M units). All these products together held near 21% share of total exports.

From 2012 to 2022, the biggest increases were recorded for automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. (with a CAGR of +1.3%), while shipments for the other products experienced a decline in the exports figures.

In value terms, automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s. ($463.6B) remains the largest type of computing machinery and parts and accessories thereof supplied worldwide, comprising 67% of global exports. The second position in the ranking was held by machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units ($141.1B), with a 21% share of global exports. It was followed by printing machinery; parts and accessories, n.e.c. in item no. 8443.91, with a 6.4% share.

For automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data n.e.s., exports increased at an average annual rate of +2.9% over the period from 2012-2022. For the other products, the average annual rates were as follows: machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units (+1.5% per year) and printing machinery; parts and accessories, n.e.c. in item no. 8443.91 (-3.3% per year).

Export Prices By Type

The average computing machinery export price stood at $106 per unit in 2022, with an increase of 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by the product type; the product with the highest price was multitask printers, copymachines and facsimile machines ($196 per unit), while the average price for exports of printing machinery; parts and accessories, n.e.c. in item no. 8443.91 ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by machines; parts and accessories of automatic data processing, magnetic or optical readers, digital processing units (+7.1%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average computing machinery export price amounted to $106 per unit, surging by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($259 per unit), while Thailand ($66 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform