Philippines - Data Storage Devices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingData Storage Device Price in the Philippines - 2023
Contents:
- Data Storage Device Price in the Philippines (FOB) - 2022
- Data Storage Device Price in the Philippines (CIF) - 2022
- Data Storage Device Exports in the Philippines
- Data Storage Device Imports in the Philippines
Data Storage Device Price in the Philippines (FOB) - 2022
The average data storage device export price stood at $126 per unit in 2022, dropping by -7% against the previous year. Overall, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $135 per unit in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($176 per unit), while the average price for exports to Poland ($72 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Data Storage Device Price in the Philippines (CIF) - 2022
The average data storage device import price stood at $108 per unit in 2022, surging by 37% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.0% 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 +95.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 52%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($271 per unit), while the price for Thailand ($55 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+33.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Data Storage Device Exports in the Philippines
For the third year in a row, the Philippines recorded decline in overseas shipments of data storage devices, which decreased by -32.9% to 18M units in 2022. Over the period under review, exports saw a significant decline. The smallest decline of -17.7% was in 2021. Over the period under review, the exports reached the maximum at 53M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, data storage device exports dropped sharply to $2.3B in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 8.4% against the previous year. The exports peaked at $4B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Data Storage Device in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 754 | 854 | 1,075 | 804 | 2.2% |
| Hong Kong SAR | 558 | 385 | 774 | 469 | -5.6% |
| China | 1,141 | 952 | 635 | 343 | -33.0% |
| Germany | 212 | 234 | 329 | 155 | -9.9% |
| Taiwan (Chinese) | 76.3 | 120 | 157 | 115 | 14.7% |
| Singapore | 103 | 81.9 | 89.6 | 93.4 | -3.2% |
| Japan | 171 | 94.8 | 87.5 | 57.0 | -30.7% |
| Poland | 86.1 | 93.0 | 93.0 | 48.1 | -17.6% |
| Czech Republic | 72.7 | 54.9 | 65.0 | 37.6 | -19.7% |
| Mexico | 93.0 | 78.7 | 64.7 | 26.2 | -34.4% |
| South Korea | 551 | 258 | 94.4 | 25.0 | -64.3% |
| Others | 202 | 186 | 213 | 121 | -15.7% |
| Total | 4,020 | 3,392 | 3,678 | 2,295 | -17.0% |
Top Export Markets for Data Storage Device from the Philippines in 2022:
- Hong Kong SAR (6.0M units)
- United States (4.9M units)
- China (2.0M units)
- Germany (1.2M units)
- Taiwan (Chinese) (0.8M units)
- Poland (0.7M units)
- Czech Republic (0.5M units)
- Singapore (0.5M units)
- Japan (0.5M units)
- Mexico (0.3M units)
- South Korea (0.1M units)
Data Storage Device Imports in the Philippines
Data storage device imports into the Philippines skyrocketed to 1.8M units in 2022, rising by 22% compared with the year before. Overall, imports, however, saw a pronounced curtailment. Imports peaked at 2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, data storage device imports surged to $192M in 2022. In general, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Data Storage Device in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.2 | 26.2 | 22.7 | 68.0 | 35.7% |
| Japan | 13.7 | 3.8 | 6.0 | 39.2 | 42.0% |
| Taiwan (Chinese) | 2.1 | 3.0 | 7.4 | 23.0 | 122.1% |
| Hong Kong SAR | 22.4 | 14.5 | 23.2 | 21.1 | -2.0% |
| China | 23.2 | 11.0 | 17.6 | 14.2 | -15.1% |
| Singapore | 8.0 | 11.6 | 10.9 | 11.3 | 12.2% |
| Germany | 6.4 | 6.4 | 13.7 | 6.0 | -2.1% |
| Thailand | 1.8 | 6.4 | 1.8 | 2.6 | 13.0% |
| Others | 15.0 | 11.2 | 11.0 | 6.4 | -24.7% |
| Total | 120 | 94.1 | 114 | 192 | 17.0% |
Top Suppliers of Data Storage Device to the Philippines in 2022:
- Japan (596.5K units)
- Hong Kong SAR (370.4K units)
- United States (251.2K units)
- China (227.1K units)
- Taiwan (Chinese) (128.6K units)
- Singapore (67.1K units)
- Thailand (47.7K units)
- Germany (31.3K units)
This report provides an in-depth analysis of the data storage device market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26202100 - Storage units
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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