MENA: Electroplating Machine Market 2024

Electroplating Machine Market Size in MENA

The MENA's electroplating machine market skyrocketed to $X in 2021, picking up by 109% against the previous year. Over the period under review, consumption, however, recorded a noticeable downturn. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in MENA

In value terms, electroplating machine production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of 595% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Electroplating Machine Exports

Exports in MENA

Electroplating machine exports contracted notably to X units in 2021, reducing by -27.7% on the previous year. Over the period under review, exports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2019 when exports increased by 239% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, electroplating machine exports declined slightly to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 55%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, recording X units, which was near 95% of total exports in 2021. Oman (X units) held a minor share of total exports.

Turkey was also the fastest-growing in terms of the machines for electroplating, electrolysis or electrophoresis exports, with a CAGR of +23.4% from 2012 to 2021. Oman (-23.5%) illustrated a downward trend over the same period. Turkey (+73 p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by -29.7% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest electroplating machine supplier in MENA, comprising 66% of total exports. The second position in the ranking was taken by Oman ($X), with a 30% share of total exports.

In Turkey, electroplating machine exports increased at an average annual rate of +25.3% over the period from 2012-2021.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, rising by 33% against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 104%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Oman ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+35.6%).

Electroplating Machine Imports

Imports in MENA

In 2021, purchases abroad of machines for electroplating, electrolysis or electrophoresis increased by 137% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2016 with an increase of 142% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, electroplating machine imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by 48%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey prevails in imports structure, recording X units, which was approx. 82% of total imports in 2021. It was distantly followed by Israel (X units), making up a 5.6% share of total imports. Algeria (X units), the United Arab Emirates (X units) and Iran (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electroplating machine imports into Turkey stood at +10.2%. At the same time, Algeria (+31.3%) and Israel (+25.9%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +31.3% from 2012-2021. By contrast, Iran (-11.6%) and the United Arab Emirates (-24.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, Israel and Algeria increased by +56, +5 and +3.5 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported machines for electroplating, electrolysis or electrophoresis in MENA, comprising 39% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Israel, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +5.2%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-8.1% per year) and Israel (+30.2% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, with a decrease of -40% against the previous year. Over the period under review, the import price saw a perceptible reduction. The pace of growth was the most pronounced in 2015 an increase of 89%. The level of import peaked at $X per unit in 2020, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey ($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 Arab Emirates (+21.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform