Latin America and the Caribbean: Data Storage Device Market 2024

Data Storage Device Market Size in Latin America and the Caribbean

In 2022, the Latin American data storage device market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a perceptible curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Production in Latin America and the Caribbean

In value terms, data storage device production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Data Storage Device Exports

Exports in Latin America and the Caribbean

Data storage device exports shrank to X units in 2022, with a decrease of X% against the year before. Total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, data storage device exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Mexico (X units), together accounting for X% of total export.

Mexico was also the fastest-growing in terms of the data storage devices exports, with a CAGR of X% from 2012 to 2022. Mexico (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest data storage device supplier in Latin America and the Caribbean.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a slight decline. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Data Storage Device Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of data storage devices was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, data storage device imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Mexico was the major importer of data storage devices in Latin America and the Caribbean, with the volume of imports recording X units, which was near X% of total imports in 2022. Brazil (X units) took the second position in the ranking, followed by Argentina (X units) and Chile (X units). All these countries together held approx. X% share of total imports. Peru (X units), Colombia (X units) and Ecuador (X units) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Colombia (X%), Argentina (X%), Peru (X%) and Brazil (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported data storage devices in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, data storage device imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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