South Africa: Electroplating Machine Market 2024

Electroplating Machine Market Size in South Africa

In 2021, the South African electroplating machine market increased by 129% to $X, rising for the second consecutive year after five years of decline. In general, consumption, however, faced a sharp decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Electroplating Machine Production in South Africa

In value terms, electroplating machine production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 2.2% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Electroplating Machine Exports

Exports from South Africa

After two years of growth, overseas shipments of machines for electroplating, electrolysis or electrophoresis decreased by -78.2% to X units in 2021. Overall, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 2,698%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, electroplating machine exports reached $X in 2021. In general, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 493%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Latvia (X units) and Lesotho (X units) were the main destinations of electroplating machine exports from South Africa, together comprising 86% 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 the United States (with a CAGR of +169.8%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) remains the key foreign market for electroplating machine exports from South Africa, comprising 63% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.7% share of total exports. It was followed by Brazil, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value to Latvia stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+124.1% per year) and Brazil (-9.0% per year).

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, with an increase of 374% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2015 an increase of 5,110% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to the United States ($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 Hong Kong SAR (+866.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into South Africa

After two years of growth, overseas purchases of machines for electroplating, electrolysis or electrophoresis decreased by -1.2% to X units in 2021. Over the period under review, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 1,197%. Imports peaked 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. Overall, imports, however, posted a measured increase. The pace of growth was the most pronounced in 2020 when imports increased by 74% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Switzerland (X units), the United States (X units) and China (X units) were the main suppliers of electroplating machine imports to South Africa, together accounting for 93% of total imports. These countries were followed by Taiwan (Chinese), India and Italy, which together accounted for a further 4.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +31.5%), while imports for the other leaders experienced a decline.

In value terms, the largest electroplating machine suppliers to South Africa were India ($X), Switzerland ($X) and the United States ($X), with a combined 67% share of total imports. These countries were followed by China, Taiwan (Chinese) and Italy, which together accounted for a further 18%.

Taiwan (Chinese), with a CAGR of +201.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, jumping by 20% against the previous year. Overall, the import price posted a significant increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 12,692%. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+353.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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