Hong Kong SAR, China: Electroplating Machine Market 2024

Electroplating Machine Market Size in Hong Kong SAR, China

The Hong Kong electroplating machine market reached $X in 2021, increasing by 3.9% against the previous year. Over the period under review, consumption posted buoyant growth. Electroplating machine consumption peaked in 2021 and is likely to continue growth in the near future.

Electroplating Machine Production in Hong Kong SAR, China

In value terms, electroplating machine production dropped markedly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 1,479% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Electroplating Machine Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of machines for electroplating, electrolysis or electrophoresis increased by 6.6% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2013 when exports increased by 1,440% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, electroplating machine exports dropped to $X in 2021. In general, exports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 79%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for electroplating machine exports from Hong Kong SAR, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -3.2%.

In value terms, China ($X) remains the key foreign market for electroplating machine exports from Hong Kong SAR, comprising 81% of total exports. The second position in the ranking was taken by Spain ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +2.6%.

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, shrinking by -16% against the previous year. Over the period under review, the export price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 2,706%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+835.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were imported into Hong Kong SAR; with a decrease of -27.7% compared with the previous year. Overall, imports saw a slight descent. The growth pace was the most rapid in 2015 with an increase of 617% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electroplating machine imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of electroplating machine imports to Hong Kong SAR, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +109.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of electroplating machine to Hong Kong SAR, comprising 94% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.7% share of total imports. It was followed by Japan, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+40.9% per year) and Japan (-7.3% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, increasing by 108% against the previous year. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 297% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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