U.S. Computer Storage Device Import Price in July 2023
In July 2023, the computer storage device price stood at $190 per unit (CIF, US), remaining stable against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 15% against the previous month. 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 remained at a lower figure.
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. Computer Storage Device Imports
In July 2023, overseas purchases of computer storage devices decreased by -15.9% to 2.6M units, falling for the second consecutive month after two months of growth. In general, imports recorded a noticeable curtailment. The pace of growth was the most pronounced in February 2023 when imports increased by 28% against the previous month. Imports peaked at 5.2M units in August 2022; however, from September 2022 to July 2023, imports failed to regain momentum.
In value terms, computer storage device imports declined rapidly to $502M (IndexBox estimates) in July 2023. Overall, imports showed a deep setback. The growth pace was the most rapid in April 2023 when imports increased by 19% m-o-m. Imports peaked at 1.1B units in October 2022; however, from November 2022 to July 2023, imports failed to regain momentum.
U.S. Computer Storage Device Imports by Country
In July 2023, Thailand (1.8M units) constituted the largest computer storage device supplier to the United States, with a 67% share of total imports. Moreover, computer 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 taken 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 computer storage device to the United States, comprising 51% of total imports. The second position in the ranking was taken 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 growth rate 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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