Asia-Pacific: Electroplating Machine Market 2024

Electroplating Machine Market Size in Asia-Pacific

In 2021, the Asia-Pacific electroplating machine market increased by 61% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.2% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electroplating Machine Production in Asia-Pacific

In value terms, electroplating machine production declined slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 113% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Electroplating Machine Exports

Exports in Asia-Pacific

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were exported in Asia-Pacific; which is down by -6% against 2020. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 29%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.2% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 27%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X units), Taiwan (Chinese) (X units), China (X units), Singapore (X units) and Malaysia (X units) represented roughly 85% of total exports in 2021. Japan (X units) ranks next in terms of the total exports with a 5.5% share, followed by the Philippines (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +96.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 77% of total exports.

South Korea, with a CAGR of +42.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, increasing by 24% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electroplating machine export price increased by +32.5% against 2018 indices. The growth pace was the most rapid in 2014 an increase of 33%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Electroplating Machine Imports

Imports in Asia-Pacific

In 2021, the amount of machines for electroplating, electrolysis or electrophoresis imported in Asia-Pacific surged to X units, with an increase of 224% against 2020. Over the period under review, imports saw a remarkable increase. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines (X units) and Indonesia (X units) prevails in imports structure, together constituting 74% of total imports. It was distantly followed by Taiwan (Chinese) (X units) and Australia (X units), together comprising a 16% share of total imports. Thailand (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 leading importing countries, was attained by the Philippines (with a CAGR of +101.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electroplating machine importing markets in Asia-Pacific were Taiwan (Chinese) ($X), Indonesia ($X) and Thailand ($X), with a combined 27% share of total imports. Australia and the Philippines lagged somewhat behind, together accounting for a further 2.8%.

The Philippines, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, which is down by -58.7% against the previous year. Overall, the import price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 297% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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