Data storage units market in Sweden

Earlier Report Observations

The market for data storage units in Sweden showed significant growth in value from 2020 to 2022, rising from $138.6 million to $240.5 million, even as the physical volume in thousand units fell from 841 to 82. This increase in market value was driven by a shift toward more expensive, high-performance storage systems, fueled by rising investments in artificial intelligence and machine learning, alongside the expansion of cloud data centers requiring advanced infrastructure.

Between 2018 and 2020, accelerated digitalization in the public and private sectors, along with the rollout of 5G networks, bolstered demand for data storage capacity. The COVID-19 pandemic further accelerated this trend by increasing the need for storage solutions to support remote work and digital services. In subsequent years, the launch of new supercomputers like the Berzelius at Linköping University and large-scale investments in AI infrastructure, including Microsoft's multi-billion dollar commitments, continued to push the market toward sophisticated, high-value storage units.

Regulatory developments also shaped the market, with tighter energy efficiency requirements for data centers and the implementation of EU directives on cybersecurity and data protection prompting equipment upgrades. Additionally, ongoing discussions about new data storage legislation expected in 2025 encouraged investments in modern storage systems to meet future compliance standards.

Production data storage units in Sweden

In value, 2017-2020, K $ US

In 2020, the output of data storage units in Sweden was valued at 4 071 thousand US dollars, remaining virtually unchanged compared to 2019. Over the period from 2017 to 2020, production decreased by 58.8%, with a compound annual growth rate of -25.6%.

Annual dynamics of production in Sweden in value, 2017-2020, K $ US

In kind, 2017-2020, unit

In 2020, Sweden produced 10 118 units of data storage units, showing little change from the previous year. From 2017 to 2020, production fell by 81.5%, with a compound annual growth rate of -43.0%.

Annual dynamics of production in Sweden in kind, 2017-2020, unit

Exports data storage units from Sweden

Exports in kind, K unit

Data storage unit exports from Sweden declined for the second consecutive year. In 2020, exports amounted to 1 190 thousand units, marking a 22.7% decrease year-over-year. Between 2017 and 2020, exports dropped by 11.4%, equating to an annualized rate of -4.0%. The highest export volume was recorded in 2018 at 1 614 thousand units, which also saw the largest increase of 20.2%.

Annual dynamics of product's exports from Sweden in kind, 2017-2020, K unit

From 2017 to 2020, Norway, Denmark, and Finland were the primary destinations for Sweden's data storage unit exports in kind, accounting for 26.8%, 20.4%, and 17.4% of exports, respectively. Together, these three countries represented 64.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sweden in kind, 2017-2020

Exports in value, M $ US

After two years of growth, data storage unit exports from Sweden declined. In 2020, exports totaled 154.0 million US dollars, reflecting a significant drop of 12.1% compared to the previous year. Over the period from 2017 to 2020, exports increased by 39.1%, with a compound annual growth rate of 11.6%. The peak value was recorded in 2019 at 175.2 million US dollars, while the largest increase occurred in 2018 at 26.2%.

Annual dynamics of product's exports from Sweden in value, 2017-2020, M $ US

Between 2017 and 2020, Sweden's data storage unit exports in value terms were not highly concentrated. Norway accounted for 20.9% of exports, with Finland and Denmark each contributing 12.8%. Combined, these three countries captured only 46.5% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sweden in value, 2017-2020

Imports data storage units to Sweden

Imports in kind, K unit

In 2020, Sweden imported 2 020 thousand units of data storage units, representing a 24.9% decline year-over-year. From 2017 to 2020, imports decreased by 14.1%, with a compound annual growth rate of -4.9%. The highest import volume was recorded in 2019 at 2 689 thousand units, which also experienced the largest increase of 21.8%.

Annual dynamics of product's imports to Sweden in kind, 2017-2020, K unit

During 2017–2020, the United Kingdom, the Netherlands, and Germany were the three main sources for Sweden's data storage unit imports in kind, collectively accounting for 57.1% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sweden in kind, 2017-2020

Imports in value, M $ US

Following a two-year contraction, data storage unit imports into Sweden increased. In 2020, imports reached 288.5 million US dollars, up by 3.9% year-over-year. Between 2017 and 2020, imports decreased by 3%, equating to an annualized rate of -1.0%. The lowest value was recorded in 2019 at 277.5 million US dollars, while the largest decline occurred in 2018 at 4.7%.

Annual dynamics of product's imports to Sweden in value, 2017-2020, M $ US

Throughout 2017–2020, the Netherlands, Czechia, and Ireland remained the key markets for Sweden's data storage unit imports in value terms, with shares of 23.9%, 15.0%, and 13.3%, respectively. Together, they accounted for 52.2% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sweden in value, 2017-2020