China: Electroplating Machine Market 2024

Electroplating Machine Market Size in China

In 2021, the Chinese electroplating machine market was finally on the rise to reach $X after four years of decline. In general, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Electroplating Machine Production in China

In value terms, electroplating machine production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. Electroplating machine production peaked at $X in 2020, and then dropped in the following year.

Electroplating Machine Exports

Exports from China

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 -25% to X units. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 467%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. In general, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Congo (X units), the United States (X units) and Russia (X units) were the main destinations of electroplating machine exports from China, with a combined 34% share of total exports.

From 2012 to 2021, the biggest increases were in Congo (with a CAGR of +90.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electroplating machine exported from China were Congo ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X), together accounting for 31% of total exports. India, Japan, the United States, Russia, the Netherlands, Australia, Germany, Canada, the United Arab Emirates and Belgium lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Belgium, with a CAGR of +74.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, growing by 85% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 409% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into China

Electroplating machine imports into China declined rapidly to X units in 2021, with a decrease of -42.9% against 2020 figures. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 5,471% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, electroplating machine imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest electroplating machine supplier to China, accounting for a 44% share of total imports. Moreover, electroplating machine imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Germany (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.4% per year) and Germany (+15.6% per year).

In value terms, Japan ($X) constituted the largest supplier of electroplating machine to China, comprising 35% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.2% per year) and South Korea (+2.9% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, picking up by 172% against the previous year. In general, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 3,512% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+109,258.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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