Ireland: Electroplating Machine Market 2024

Electroplating Machine Market Size in Ireland

The Irish electroplating machine market skyrocketed to $X in 2021, rising by 33% against the previous year. Over the period under review, consumption posted notable growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Electroplating Machine Production in Ireland

In value terms, electroplating machine production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Electroplating Machine Exports

Exports from Ireland

After two years of decline, shipments abroad of machines for electroplating, electrolysis or electrophoresis increased by 1,959% to X units in 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 7,500%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, electroplating machine exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 9,093% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X units), Switzerland (X units) and the UK (X units) were the main destinations of electroplating machine exports from Ireland, together comprising 84% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +303.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electroplating machine exported from Ireland were the UK ($X), the United States ($X) and Switzerland ($X), together accounting for 62% of total exports.

Switzerland, with a CAGR of +378.5%, recorded the highest rates of growth with regard to 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, with a decrease of -80.5% against the previous year. Overall, the export price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,065% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per unit), while the average price for exports to Turkey ($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 the Philippines (+59.6%), while the prices for the other major destinations experienced mixed trend patterns.

Electroplating Machine Imports

Imports into Ireland

In 2021, approx. X units of machines for electroplating, electrolysis or electrophoresis were imported into Ireland; growing by 621% against the year before. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2019 when imports increased by 837% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, electroplating machine imports surged to $X in 2021. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2014 with an increase of 1,191% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X units), China (X units) and Germany (X units) were the main suppliers of electroplating machine imports to Ireland, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +157.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and the United States ($X) appeared to be the largest electroplating machine suppliers to Ireland, together accounting for 83% of total imports.

China, with a CAGR of +123.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electroplating machine import price amounted to $X per unit, with a decrease of -36.8% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 146% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+49.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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