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Republic of Korea - Data Storage Devices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingData Storage Device Price in South Korea - 2022
Contents:
- Data Storage Device Price in South Korea (CIF) - 2022
- Data Storage Device Price in South Korea (FOB) - 2022
- Data Storage Device Imports in South Korea
- Data Storage Device Exports in South Korea
Data Storage Device Price in South Korea (CIF) - 2022
The average data storage device import price stood at $255 per unit in December 2022, which is down by -6% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 30% against the previous month. As a result, import price reached the peak level of $323 per unit. From November 2022 to December 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($419 per unit), while the price for Thailand ($169 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Data Storage Device Price in South Korea (FOB) - 2022
In 2022, the average data storage device export price amounted to $71 per unit, with a decrease of -40.6% against the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2015 when the average export price increased by 37%. Over the period under review, the average export prices hit record highs at $181 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($656 per unit), while the average price for exports to India ($2.4 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 the United States (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Data Storage Device Imports in South Korea
In 2022, supplies from abroad of data storage devices decreased by -9.1% to 6.7M units, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 39%. As a result, imports attained the peak of 7.6M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, data storage device imports reduced to $869M in 2022. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 with an increase of 11%. Imports peaked at $1B in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Data Storage Device in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 181 | 223 | 306 | 305 | 19.0% |
Thailand | 191 | 209 | 254 | 166 | -4.6% |
Singapore | 57.6 | 99.9 | 125 | 161 | 40.9% |
Ireland | 176 | 89.0 | 39.2 | 52.7 | -33.1% |
Taiwan (Chinese) | 48.5 | 51.6 | 69.2 | 28.3 | -16.4% |
Philippines | 46.5 | 39.9 | 42.8 | 17.1 | -28.4% |
Hong Kong SAR | 8.7 | 57.3 | 9.3 | 7.7 | -4.0% |
Malaysia | 16.7 | 2.7 | 2.6 | 4.8 | -34.0% |
Others | 288 | 103 | 119 | 125 | -24.3% |
Total | 1,013 | 876 | 968 | 869 | -5.0% |
Top Suppliers of Data Storage Device to South Korea in 2022:
- China (4894.7K units)
- Thailand (629.9K units)
- Philippines (263.3K units)
- Ireland (206.4K units)
- Singapore (183.9K units)
- Hong Kong SAR (175.8K units)
- Taiwan (Chinese) (112.2K units)
- Malaysia (101.1K units)
Data Storage Device Exports in South Korea
In 2022, the amount of data storage devices exported from South Korea surged to 1.6M units, growing by 82% on 2021. In general, exports, however, recorded a deep downturn. Over the period under review, the exports hit record highs at 2.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, data storage device exports rose sharply to $113M in 2022. Overall, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at $396M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Data Storage Device in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 197 | 23.0 | 19.7 | 54.9 | -34.7% |
United States | 71.2 | 4.4 | 7.9 | 14.4 | -41.3% |
Vietnam | 5.3 | 6.5 | 7.7 | 12.8 | 34.2% |
Singapore | 11.3 | 5.6 | 11.3 | 3.5 | -32.3% |
Hong Kong SAR | 43.6 | 2.9 | 13.4 | 2.0 | -64.2% |
Bangladesh | 0.2 | 0.3 | 0.5 | 0.7 | 51.8% |
India | 2.7 | 2.0 | 0.4 | 0.5 | -43.0% |
Austria | 0.2 | 0.1 | N/A | 0.5 | 35.7% |
Thailand | 19.5 | 5.8 | 2.0 | 0.3 | -75.1% |
Ukraine | 1.6 | N/A | N/A | N/A | 0% |
Others | 44.0 | 36.7 | 41.9 | 23.8 | -18.5% |
Total | 396 | 87.5 | 105 | 113 | -34.2% |
Top Export Markets for Data Storage Device from South Korea in 2022:
- China (915.9K units)
- India (204.3K units)
- Vietnam (85.1K units)
- Bangladesh (76.5K units)
- Austria (41.2K units)
- Singapore (38.9K units)
- United States (22.0K units)
- Hong Kong SAR (12.6K units)
- Thailand (2.2K units)
- Ukraine (0.3K units)
This report provides an in-depth analysis of the data storage device market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26202100 - Storage units
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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