Asia: Magnetic Media Market 2024

Magnetic Media Market Size in Asia

The Asian magnetic media market shrank to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, recorded a pronounced decrease. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Magnetic Media Production in Asia

In value terms, magnetic media production contracted to $X in 2023 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Magnetic Media Exports

Exports in Asia

In 2023, overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, magnetic media exports declined significantly to $X in 2023. Over the period under review, exports recorded a deep downturn. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Singapore (X units) and China (X units) were the main exporters of magnetic media, not recorded, except cards with a magnetic stripe in Asia, together reaching near X% of total exports. Malaysia (X units) ranks next in terms of the total exports with a X% share, followed by Hong Kong SAR (X%) and Japan (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest magnetic media supplying countries in Asia were Singapore ($X), China ($X) and Japan ($X), together comprising X% of total exports. Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per unit, falling by X% against the previous year. Overall, the export price showed a slight decline. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Magnetic Media Imports

Imports in Asia

In 2023, approx. X units of magnetic media, not recorded, except cards with a magnetic stripe were imported in Asia; declining by X% against the previous year's figure. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, magnetic media imports dropped notably to $X in 2023. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Thailand dominates imports structure, finishing at X units, which was approx. X% of total imports in 2023. Hong Kong SAR (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%). China (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to magnetic media imports into Thailand stood at X%. Hong Kong SAR experienced a relatively flat trend pattern. Malaysia (X%), China (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand and Hong Kong SAR increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported magnetic media, not recorded, except cards with a magnetic stripe in Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform