Africa: Electroplating Machine Market 2024

Electroplating Machine Market Size in Africa

The African electroplating machine market skyrocketed to $X in 2021, increasing by 113% against the previous year. In general, consumption, however, faced a dramatic setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Electroplating Machine Production in Africa

In value terms, electroplating machine production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 2.8%. The level of production peaked at $X in 2020, and then fell in the following year.

Electroplating Machine Exports

Exports in Africa

In 2021, after two years of growth, there was significant decline in overseas shipments of machines for electroplating, electrolysis or electrophoresis, when their volume decreased by -72.7% to X units. Overall, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2014 with an increase of 2,621%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electroplating machine exports rose rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2019 with an increase of 228% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, recording X units, which was approx. 79% of total exports in 2021. It was distantly followed by Somalia (X units) and Tanzania (X units), together making up a 16% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electroplating machine exports from South Africa stood at -21.8%. At the same time, Tanzania (+39.2%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of +39.2% from 2012-2021. Somalia experienced a relatively flat trend pattern. From 2012 to 2021, the share of Somalia and Tanzania increased by +8.9 and +6.8 percentage points, respectively.

In value terms, South Africa ($X) remains the largest electroplating machine supplier in Africa, comprising 88% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at +8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (+34.0% per year) and Somalia (0.0% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, rising by 315% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2015 an increase of 5,100% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per unit), while Somalia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+38.4%).

Electroplating Machine Imports

Imports in Africa

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 109% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports, however, faced a sharp curtailment. The pace of growth was the most pronounced in 2014 with an increase of 772% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, electroplating machine imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 148% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Nigeria (X units) and Democratic Republic of the Congo (X units) represented the major importers of machines for electroplating, electrolysis or electrophoresis in Africa, together amounting to near 73% of total imports. South Africa (X units) held the next position in the ranking, distantly followed by Algeria (X units). All these countries together took approx. 21% share of total imports. Morocco (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic Republic of the Congo (with a CAGR of +46.1%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Democratic Republic of the Congo ($X) constitutes the largest market for imported machines for electroplating, electrolysis or electrophoresis in Africa, comprising 66% of total imports. The second position in the ranking was taken by Nigeria ($X), with a 12% share of total imports. It was followed by Algeria, with a 6.6% share.

In Democratic Republic of the Congo, electroplating machine imports expanded at an average annual rate of +44.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nigeria (+5.4% per year) and Algeria (+38.3% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, reducing by -2.4% against the previous year. Overall, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2016 when the import price increased by 2,458%. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Democratic Republic of the Congo ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+78.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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