Computer Storage Device Market in the United States
Market Overview
In 
, the U.S. computer storage device market increased by % to $, rising for the second year in a row after six years of decline. In general, consumption recorded a pronounced contraction. Computer storage device consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
In value terms, computer storage device production shrank to $ in . Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. Computer storage device production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.
, the U.S. computer storage device market increased by % to $, rising for the second year in a row after six years of decline. In general, consumption recorded a pronounced contraction. Computer storage device consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.In value terms, computer storage device production shrank to $
in . Overall, production showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. Computer storage device production peaked at $ in 2013; however, from 2014 to , production stood at a somewhat lower figure.Consumption
In , the amount of computer storage devices consumed in the United States shrank modestly to units, with a decrease of -% against figures. In general, consumption recorded a abrupt decrease. Over the period under review, consumption hit record highs at units in 2013; however, from 2014 to , consumption remained at a lower figure.
The value of the computer storage device market in the United States soared to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced setback. Computer storage device consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
, the amount of computer storage devices consumed in the United States shrank modestly to units, with a decrease of -% against figures. In general, consumption recorded a abrupt decrease. Over the period under review, consumption hit record highs at units in 2013; however, from 2014 to , consumption remained at a lower figure.The value of the computer storage device market in the United States soared to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced setback. Computer storage device consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for computer storage device in the United States, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .Market Structure
Computer storage device market in the United States consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United States relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
The United States remains a net importer of computer storage device; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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