United Kingdom: Memories Market 2024

Memories Market Size in the UK

The UK memories market shrank to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a mild decrease. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Memories Production in the UK

In value terms, memories production shrank to $X in 2022 estimated in export price. Overall, production recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Memories production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Memories Exports

Exports from the UK

Memories exports from the UK surged to X units in 2022, picking up by X% compared with 2021 figures. In general, exports, however, continue to indicate a abrupt downturn. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, memories exports surged to $X in 2022. Over the period under review, exports showed a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for memories exports from the UK, accounting for a X% share of total exports. Moreover, memories exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X units), sevenfold. The third position in this ranking was held by Denmark (X units), with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for multichip integrated circuits: memories exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany 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 Netherlands (X% per year).

Export Prices by Country

The average memories export price stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Romania ($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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Memories Imports

Imports into the UK

In 2022, supplies from abroad of multichip integrated circuits: memories was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, memories imports fell markedly to $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and the United States (X units) were the main suppliers of memories imports to the UK, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of multichip integrated circuits: memories to the UK, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

The average memories import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then declined dramatically in the following year.

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

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

Source: IndexBox Platform

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