U.S. Data Storage Device Import Price in July 2023

In July 2023, the data storage device price amounted to $190 per unit (CIF, US), approximately mirroring the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 15% m-o-m. Over the period under review, average import prices reached the peak figure at $250 per unit in October 2022; however, from November 2022 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($145 per unit), while the price for China ($66.4 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the prices for the other major suppliers experienced a decline.

U.S. Data Storage Device Imports

In July 2023, supplies from abroad of data storage devices decreased by -15.9% to 2.6M units, falling for the second consecutive month after two months of growth. In general, imports continue to indicate a pronounced decline. The growth pace was the most rapid in February 2023 with an increase of 28% against the previous month. Over the period under review, imports attained the peak figure at 5.2M units in August 2022; however, from September 2022 to July 2023, imports failed to regain momentum.

In value terms, data storage device imports declined remarkably to $502M (IndexBox estimates) in July 2023. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in April 2023 with an increase of 19% month-to-month. Imports peaked at 1.1B units in October 2022; however, from November 2022 to July 2023, imports stood at a somewhat lower figure.

U.S. Data Storage Device Imports by Country

In July 2023, Thailand (1.8M units) constituted the largest data storage device supplier to the United States, accounting for a 67% share of total imports. Moreover, data storage device imports from Thailand exceeded the figures recorded by the second-largest supplier, the Philippines (280K units), sixfold. The third position in this ranking was held by China (251K units), with a 9.5% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of volume from Thailand amounted to -4.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Philippines (-4.2% per month) and China (-5.6% per month).

In value terms, Thailand ($254M) constituted the largest supplier of data storage device to the United States, comprising 51% of total imports. The second position in the ranking was held by the Philippines ($24M), with a 4.9% share of total imports. It was followed by Taiwan (Chinese), with a 4% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of value from Thailand totaled -6.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: the Philippines (-9.1% per month) and Taiwan (Chinese) (-2.4% per month).

Source: IndexBox Market Intelligence Platform 

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