Eastern Asia: Memories Market 2024

Memories Market Size in Eastern Asia

In 2023, the East Asian memories market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption posted a prominent expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Memories Production in Eastern Asia

In value terms, memories production amounted to $X in 2023 estimated in export price. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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Memories Exports

Exports in Eastern Asia

In 2023, the amount of multichip integrated circuits: memories exported in Eastern Asia expanded notably to X units, surging by X% compared with 2022. Total exports indicated a perceptible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, memories exports reduced to $X in 2023. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the five major exporters of multichip integrated circuits: memories, namely China, Hong Kong SAR, South Korea, Taiwan (Chinese) and Japan, represented more than two-thirds of total export.

From 2012 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Taiwan (Chinese) and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Taiwan (Chinese), 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 more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2022, and then declined in the following year.

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 South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

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

Memories Imports

Imports in Eastern Asia

In 2023, approx. X units of multichip integrated circuits: memories were imported in Eastern Asia; surging by X% on 2022 figures. Total imports indicated perceptible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, memories imports declined rapidly to $X in 2023. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

China represented the largest importing country with an import of about X units, which resulted at X% of total imports. Hong Kong SAR (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%) and South Korea (X%). Japan (X units) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported multichip integrated circuits: memories in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with an X% share.

In China, memories imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, waning by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, memories import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform