United Kingdom: Memories Market 2024

Memories Market Size in the UK

The UK memories market reached $X in 2023, picking up by X% against the previous year. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Memories Production in the UK

In value terms, memories production contracted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Memories Exports

Exports from the UK

In 2023, the amount of multichip integrated circuits: memories exported from the UK fell notably to X units, waning by X% against 2022 figures. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, memories exports reduced dramatically to $X in 2023. In general, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Hong Kong SAR (X units) and Denmark (X units) were the main destinations of memories exports from the UK, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the largest markets for memories exported from the UK worldwide, with a combined X% share of total exports. The Netherlands, Israel, France, Denmark, China, Poland, Spain, Romania, Hungary and Portugal lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average memories export price stood at $X per unit in 2023, picking up by X% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into the UK

For the sixth consecutive year, the UK recorded decline in supplies from abroad of multichip integrated circuits: memories, which decreased by X% to X units in 2023. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, memories imports fell to $X in 2023. Overall, total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Thailand (X units) were the main suppliers of memories imports to the UK, together comprising X% of total imports. South Korea, the Philippines, the United States, Singapore, Germany, the Netherlands, Japan and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of multichip integrated circuits: memories to the UK, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2023, the average memories import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices reached the maximum in 2023 and is likely to see gradual growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform