EU: Data Storage Device Market 2024

Data Storage Device Market Size in the EU

The EU data storage device market contracted markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption faced a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Production in the EU

In value terms, data storage device production soared to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Data Storage Device Exports

Exports in the EU

In 2022, shipments abroad of data storage devices decreased by X% to X units, falling for the second year in a row after three years of growth. In general, exports saw a slight setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, data storage device exports fell to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Germany (X units) and the Netherlands (X units) represented roughly X% of total exports in 2022. The Czech Republic (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). Austria (X units), Belgium (X units), Slovakia (X units), Ireland (X units), France (X units), Italy (X units), Spain (X units) and Latvia (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Ireland ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. The Czech Republic, Poland, Austria, Slovakia, France, Belgium, Italy, Spain and Latvia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 the European Union stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while Belgium ($X per unit) was amongst the lowest.

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

Data Storage Device Imports

Imports in the EU

In 2022, purchases abroad of data storage devices decreased by X% to X units, falling for the second consecutive year after five years of growth. Overall, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, data storage device imports dropped to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Germany (X units) and the Netherlands (X units) represented the largest importers of data storage devices in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by the Czech Republic (X units), Poland (X units), Ireland (X units) and France (X units), together generating a X% share of total imports. Spain (X units), Austria (X units), Slovakia (X units), Hungary (X units), Belgium (X units), Italy (X units) and Romania (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest data storage device importing markets in the European Union were the Netherlands ($X), Germany ($X) and the Czech Republic ($X), together accounting for X% of total imports. Poland, France, Hungary, Ireland, Spain, Italy, Belgium, Austria, Slovakia and Romania lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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