Asia-Pacific: Magnetic Media Market 2024

Magnetic Media Market Size in Asia-Pacific

The Asia-Pacific magnetic media market fell to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption, however, showed a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Magnetic Media Production in Asia-Pacific

In value terms, magnetic media production fell to $X in 2023 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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Magnetic Media Exports

Exports in Asia-Pacific

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. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, magnetic media exports dropped remarkably to $X in 2023. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) and China (X units) represented the key exporters of magnetic media, not recorded, except cards with a magnetic stripe in 2023, finishing at approx. X% and X% of total exports, respectively. Malaysia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, 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, Singapore ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share 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%, saw the highest growth rate of 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

The export price in Asia-Pacific stood at $X per unit in 2023, waning by X% against the previous year. In general, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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-Pacific

For the third consecutive year, Asia-Pacific recorded decline in supplies from abroad of magnetic media, not recorded, except cards with a magnetic stripe, which decreased by X% to X units in 2023. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, magnetic media imports dropped markedly to $X in 2023. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Thailand prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2023. Hong Kong SAR (X units) held the second position in the ranking, followed by Singapore (X units). All these countries together held near X% share of total imports. China (X units) and Malaysia (X units) took a minor share of total imports.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2023. Hong Kong SAR experienced a relatively flat trend pattern. Malaysia (X%), China (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In 2023, the import price in Asia-Pacific amounted to $X per unit, 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% against the previous year. 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