Data storage units market in Hungary

Earlier Report Observations

The Hungarian data storage unit market expanded from 3.3 million units in 2018 to 4.8 million in 2020. This growth occurred alongside the implementation of EU regulatory directives that strengthened market surveillance and CE marking requirements. The COVID-19 pandemic in 2020 caused global supply chain disruptions, but market volume continued to increase.

After peaking in 2020, market volume dipped slightly in 2021 and fell sharply to 3.3 million units in 2022. The primary driver of the 2022 contraction was a global semiconductor shortage, which constrained the production and availability of storage devices and components, limiting supply.

The market rebounded from 2023 onward, reaching 3.9 million units in 2024. This recovery was fueled by rising demand from artificial intelligence and machine learning applications, the expansion of domestic data center infrastructure and 5G networks, and the initial implementation of the EU's Data Act. In 2024, a shift in global chip manufacturing capacity toward AI also contributed to higher component prices.

Production data storage units in Hungary

In value, 2018-2021, M $ US

In 2021, Hungary's data storage unit production was valued at 419.4 million US dollars, marking a significant 14.9% decline compared to the previous year. Over the period from 2018 to 2021, production fell by 36.4%, which translates to an average annual decrease of 14.0%. The sharpest drop occurred in 2019, with a 29.6% reduction, while the largest increase was recorded in 2020 at 6.1%.

Annual dynamics of production in Hungary in value, 2018-2021, M $ US

In kind, 2018-2021, K unit

The market exhibited volatility throughout the observed period. Production of data storage units in Hungary peaked in 2018 and reached its lowest point in 2021, with a 3.1-fold difference between these years. In 2021, 121.9 thousand units were produced, representing a substantial 60.5% decrease from 2020. The largest increase was observed in 2020, with a 1.9% rise.

Annual dynamics of production in Hungary in kind, 2018-2021, K unit

Exports data storage units from Hungary

Exports in kind, K unit

Data storage unit exports from Hungary declined for the second consecutive year. In 2021, exports totaled 813 thousand units, down 17.1% from the previous year. From 2018 to 2021, exports decreased by 53.4%, corresponding to a compound annual growth rate (CAGR) of -22.5%. The highest export volume was recorded in 2019 at 2,377 thousand units. The largest decline occurred in 2020 with a 58.7% drop, while the largest increase was in 2019 at 36.3%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K unit

Between 2018 and 2021, Germany, the Netherlands, and Italy were the primary destinations for Hungary's data storage unit exports in kind. Germany accounted for 27.7% of exports, the Netherlands for 20.3%, and Italy for 5.0%. Together, these three countries absorbed 53.0% of total exports.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, M $ US

After two years of contraction, data storage unit exports from Hungary showed an increase. In 2021, Hungary exported 806 million US dollars worth of data storage units, reflecting a moderate 3.5% gain compared to the previous year. Over the 2018-2021 period, exports decreased by 27.6%, with a CAGR of -10.2%. The lowest value was recorded in 2020 at 779 million US dollars. The largest decline occurred in 2019 with a 26.5% drop.

Annual dynamics of product's exports from Hungary in value, 2018-2021, M $ US

From 2018 to 2021, the Netherlands, the United States, and Ireland were the main markets for Hungary's data storage unit exports in value terms. The Netherlands accounted for 38.9% of exports, the United States for 10.7%, and Ireland for 7.3%. Collectively, these three countries represented 57.0% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports data storage units to Hungary

Imports in kind, K unit

Data storage unit imports into Hungary declined for the second consecutive year. In 2021, imports amounted to 5,395 thousand units, down 1.7% from 2020. Over the 2018-2021 period, imports increased by 15.1%, with a CAGR of 4.8%. The peak import volume was recorded in 2019 at 6,478 thousand units. The largest decline occurred in 2020 with a 15.3% decrease, while the largest increase was in 2019 at 38.2%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K unit

Between 2018 and 2021, Germany, China, and the United States consistently led Hungary's data storage unit imports in kind. Germany accounted for 34.4% of imports, China for 16.1%, and the United States for 7.8%. Together, these three countries represented 58.3% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, M $ US

Data storage unit imports into Hungary increased for the third consecutive year. In 2021, imports totaled 827 million US dollars, indicating a slight 1.4% year-over-year gain. From 2018 to 2021, imports rose by 21.6%, equating to an average annual growth rate of 6.7%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, M $ US

During 2018-2021, data storage unit imports into Hungary were sourced from a diverse range of markets. Even the largest suppliers—the United States, China, and Thailand—collectively accounted for only 44.5% of total imports in value terms.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021