Japan: Electroplating Machine Market 2024

Electroplating Machine Market Size in Japan

In 2021, the Japanese electroplating machine market increased by 5.2% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Electroplating machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in Japan

In value terms, electroplating machine production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 0.5%. Electroplating machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electroplating Machine Exports

Exports from Japan

In 2021, overseas shipments of machines for electroplating, electrolysis or electrophoresis increased by 9.2% to X units, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 76% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, electroplating machine exports stood at $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.8% against 2013 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 28%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

India (X units), the United States (X units) and Germany (X units) were the main destinations of electroplating machine exports from Japan, together accounting for 61% of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +135.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for electroplating machine exported from Japan worldwide, with a combined 52% share of total exports.

Germany, with a CAGR of +83.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average electroplating machine export price amounted to $X per unit, rising by 3.3% against the previous year. Over the period under review, the export price, however, faced a abrupt contraction. The growth pace was the most rapid in 2018 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 Canada (+0.6%), while the prices for the other major destinations experienced a decline.

Electroplating Machine Imports

Imports into Japan

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 26% to X units, rising for the third year in a row after two years of decline. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 228% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, electroplating machine imports shrank markedly to $X in 2021. Overall, imports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2016 when imports increased by 74% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then fell markedly in the following year.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of electroplating machine to Japan, accounting for a 67% share of total imports. Moreover, electroplating machine imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +37.3%.

In value terms, the largest electroplating machine suppliers to Japan were South Korea ($X) and China ($X).

China, with a CAGR of +35.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average electroplating machine import price amounted to $X per unit, reducing by -48.4% against the previous year. Over the period under review, the import price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-21.0%).

Source: IndexBox Platform

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