Italy: Electroplating Machine Market 2024

Electroplating Machine Market Size in Italy

The Italian electroplating machine market skyrocketed to $X in 2021, jumping by 16% against the previous year. Overall, consumption enjoyed a buoyant increase. Electroplating machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in Italy

In value terms, electroplating machine production reduced sharply to $X in 2021 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 278% against the previous year. Electroplating machine production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Electroplating Machine Exports

Exports from Italy

Electroplating machine exports from Italy dropped to X units in 2021, which is down by -11% compared with 2020. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 70%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. Overall, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when exports increased by 55%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X units), Germany (X units) and Saudi Arabia (X units) were the main destinations of electroplating machine exports from Italy, with a combined 36% share of total exports. Greece, Pakistan, Taiwan (Chinese), the United States, Algeria, Tanzania, France, Austria, the UK and Turkey lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were in Algeria (with a CAGR of +89.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the key foreign market for electroplating machine exports from Italy, comprising 20% of total exports. The second position in the ranking was held by Pakistan ($X), with a 9% share of total exports. It was followed by Saudi Arabia, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel amounted to +90.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+80.5% per year) and Saudi Arabia (+5.6% per year).

Export Prices by Country

In 2021, the average electroplating machine export price amounted to $X per unit, jumping by 47% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% 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 +89.7% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Tanzania ($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 France (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Italy

Electroplating machine imports into Italy skyrocketed to X units in 2021, picking up by 20% on 2020. Overall, imports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 when imports increased by 61%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electroplating machine imports surged to $X in 2021. In general, imports, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 105%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Australia (X units), the United States (X units) and China (X units) were the main suppliers of electroplating machine imports to Italy, together accounting for 64% of total imports. These countries were followed by Denmark, Germany, the UK, Switzerland, France and Canada, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +62.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), the United States ($X) and Switzerland ($X) appeared to be the largest electroplating machine suppliers to Italy, together comprising 60% of total imports.

Among the main suppliers, Denmark, with a CAGR of +64.8%, recorded the highest growth rate of the value of imports, 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, rising by 39% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.2% 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 import price decreased by -1.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 80% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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