In 2023, China imported an estimated 290 million unrecorded magnetic discs. From 2024, a steady decline in imports is forecasted, decreasing to 265.99 million by 2028. The year-on-year variation displays a consistent downward trend with minor fluctuations, reflecting a compounded annual growth rate (CAGR) of approximately -1.6% over this period. In recent years, declining demand for magnetic storage solutions in favor of more advanced technologies heavily influences this trend.
Future trends to watch for:
- Increasing shift towards solid-state and cloud storage solutions.
- Emerging technologies potentially reviving magnetic storage.
- Policy changes or trade agreements affecting import dynamics.
