Global Data Storage Device Market 2024

Data Storage Device Market Size

The global data storage device market reduced modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a pronounced contraction. Over the period under review, the global market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Data Storage Device Production

In value terms, data storage device production reached $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Data Storage Device Exports

Exports

Global data storage device exports reduced sharply to X units in 2022, which is down by X% against the year before. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, data storage device exports shrank to $X in 2022. Overall, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units), distantly followed by Thailand (X units), Taiwan (Chinese) (X units) and Hong Kong SAR (X units) were the largest exporters of data storage devices, together generating X% of total exports. Germany (X units), the United States (X units), the Netherlands (X units), the Philippines (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 X%), while shipments for the other global leaders experienced a decline in the exports figures.

In value terms, China ($X), Thailand ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of global exports. Hong Kong SAR, the Netherlands, Mexico, the Philippines, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The global export price peaked in 2022 and is expected to retain growth in years to come.

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 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 the Philippines (X%), while the other global leaders experienced more modest paces of growth.

Data Storage Device Imports

Imports

After two years of growth, overseas purchases of data storage devices decreased by X% to X units in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Global 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 dropped to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China was the main importer of data storage devices in the world, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Hong Kong SAR (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United States (X%). Germany (X units), Mexico (X units), Taiwan (Chinese) (X units), the Netherlands (X units), Japan (X units), the United Arab Emirates (X units), the Czech Republic (X units), the UK (X units), Poland (X units) and India (X units) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and Mexico (X% per year).

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2013 indices. As a result, import 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 importers, the country with the highest price was Mexico ($X per unit), while the United Arab Emirates ($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 (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :