Australia: Data Storage Device Market 2024

Data Storage Device Market Size in Australia

In 2022, after two years of growth, there was significant decline in the Australian data storage device market, when its value decreased by X% to $X. Overall, consumption recorded a drastic downturn. Data storage device consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Data Storage Device Exports

Exports from Australia

In 2022, after four years of decline, there was significant growth in shipments abroad of data storage devices, when their volume increased by X% to X units. Overall, exports, however, recorded a drastic downturn. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports shrank significantly to $X in 2022. In general, exports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for data storage device exports from Australia, accounting for a X% share of total exports. Moreover, data storage device exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The United States (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the United States (X% per year).

In value terms, Hong Kong SAR ($X), the United States ($X) and Singapore ($X) were the largest markets for data storage device exported from Australia worldwide, together accounting for X% of total exports. New Zealand, Latvia, Canada, the UK, the Netherlands and Malaysia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price 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 2022 figures, data storage device export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Singapore ($X 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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Data Storage Device Imports

Imports into Australia

In 2022, imports of data storage devices into Australia dropped notably to X units, reducing by X% on the previous year. In general, imports continue to indicate a deep downturn. 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 peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, data storage device imports shrank to $X in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units), China (X units) and South Korea (X units) were the main suppliers of data storage device imports to Australia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest data storage device suppliers to Australia were China ($X), Thailand ($X) and the United States ($X), with a combined X% share of total imports. Singapore, Malaysia, Taiwan (Chinese), South Korea and the Philippines lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain 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 Malaysia ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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