U.S.: Market for Magnetic And Optical Recording Media 2024

Market Size for Magnetic And Optical Recording Media in the U.S.

After three years of growth, the U.S. market for magnetic and optical recording media decreased by X% to $X in 2023. Overall, the total consumption indicated notable growth from 2013 to 2023: its value 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 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Production of Magnetic And Optical Recording Media in the U.S.

In value terms, magnetic and optical recording media production reached $X in 2023. Over the period under review, production, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

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Exports of Magnetic And Optical Recording Media

Exports from the U.S.

Magnetic and optical recording media exports from the United States expanded notably to X units in 2023, surging by X% on 2022. Over the period under review, exports saw a tangible increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, magnetic and optical recording media exports declined sharply to $X in 2023. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then dropped notably in the following year.

Exports by Country

Mexico (X units) was the main destination for magnetic and optical recording media exports from the United States, accounting for a X% share of total exports. Moreover, magnetic and optical recording media exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), eightfold. The third position in this ranking was held by Malaysia (X units), with a X% share.

From 2013 to 2023, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Malaysia (X% per year).

In value terms, Mexico ($X) remains the key foreign market for magnetic and optical recording media exports from the United States, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the average export price for magnetic and optical recording media amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2022, and then plummeted in the following year.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Magnetic And Optical Recording Media

Imports into the U.S.

For the fourth consecutive year, the United States recorded growth in purchases abroad of magnetic and optical recording media, which increased by X% to X units in 2023. In general, total imports indicated a tangible expansion from 2013 to 2023: its volume 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 2023 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

In value terms, magnetic and optical recording media imports dropped remarkably to $X in 2023. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2022, and then reduced remarkably in the following year.

Imports by Country

Singapore (X units), Taiwan (Chinese) (X units) and Malaysia (X units) were the main suppliers of magnetic and optical recording media imports to the United States, together comprising X% of total imports.

From 2013 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Malaysia ($X) were the largest magnetic and optical recording media suppliers to the United States, with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for magnetic and optical recording media amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform