Saudi Arabia: Data Storage Device Market 2024

Data Storage Device Market Size in Saudi Arabia

The Saudi data storage device market reduced modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption showed a noticeable reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Data Storage Device Production in Saudi Arabia

In value terms, data storage device production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Data Storage Device Exports

Exports from Saudi Arabia

In 2022, approx. X units of data storage devices were exported from Saudi Arabia; which is down by X% against 2021 figures. Over the period under review, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, data storage device exports declined significantly to $X in 2022. Overall, exports recorded a slight slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Oman (X units), the Netherlands (X units) and Peru (X units) were the main destinations of data storage device exports from Saudi Arabia, together accounting for X% of total exports.

From 2015 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) emerged as the key foreign market for data storage devices exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average data storage device export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Data Storage Device Imports

Imports into Saudi Arabia

After two years of growth, overseas purchases of data storage devices decreased by X% to X units in 2022. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, data storage device imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of data storage device to Saudi Arabia, with a X% share of total imports. Moreover, data storage device imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of data storage devices to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average data storage device import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price showed resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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