India: Electroplating Machine Market 2024

Electroplating Machine Market Size in India

In 2021, the Indian electroplating machine market increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in India

In value terms, electroplating machine production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Electroplating Machine Exports

Exports from India

Electroplating machine exports from India soared to X units in 2021, picking up by 108% compared with the previous year's figure. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,443%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electroplating machine exports soared to $X in 2021. In general, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) was the main destination for electroplating machine exports from India, accounting for a 63% share of total exports. Moreover, electroplating machine exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X units), fourfold. Bangladesh (X units) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+117.5% per year) and Bangladesh (+27.1% per year).

In value terms, the largest markets for electroplating machine exported from India were China ($X), the United Arab Emirates ($X) and Bangladesh ($X), together accounting for 59% of total exports.

Bangladesh, with a CAGR of +167.2%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, rising by 46% against the previous year. In general, the export price, however, showed a deep slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 647%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Bangladesh ($X per unit), while the average price for exports to the UK ($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 Bangladesh (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into India

In 2021, the amount of machines for electroplating, electrolysis or electrophoresis imported into India skyrocketed to X units, increasing by 41% against 2020. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 200%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, electroplating machine imports surged to $X in 2021. Overall, imports, however, continue to indicate a perceptible decline. The growth pace was the most rapid in 2016 with an increase of 99%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electroplating machine to India, accounting for a 90% share of total imports. It was followed by Japan (X units), with a 2.6% share of total imports. The United States (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +57.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+24.5% per year) and the United States (+11.1% per year).

In value terms, China ($X) constituted the largest supplier of electroplating machine to India, comprising 45% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.2% per year) and Germany (-15.3% per year).

Import Prices by Country

In 2021, the average electroplating machine import price amounted to $X per unit, with an increase of 13% against the previous year. In general, the import price, however, continues to indicate a significant curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 72% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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