Spain: Electroplating Machine Market 2024

Electroplating Machine Market Size in Spain

The Spanish electroplating machine market fell sharply to $X in 2021, with a decrease of -17.6% against the previous year. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Electroplating Machine Production in Spain

In value terms, electroplating machine production totaled $X in 2021 estimated in export price. Overall, production posted a modest increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 215% against the previous year. Electroplating machine production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Electroplating Machine Exports

Exports from Spain

In 2021, after two years of decline, there was significant growth in overseas shipments of machines for electroplating, electrolysis or electrophoresis, when their volume increased by 29% to X units. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 421% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, electroplating machine exports soared to $X in 2021. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 204% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

France (X units) was the main destination for electroplating machine exports from Spain, accounting for a 22% share of total exports. Moreover, electroplating machine exports to France exceeded the volume sent to the second major destination, the Czech Republic (X units), twofold. Switzerland (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+135.5% per year) and Switzerland (+106.1% per year).

In value terms, the largest markets for electroplating machine exported from Spain were France ($X), the Czech Republic ($X) and the United States ($X), with a combined 39% share of total exports. Austria, Italy, Portugal, Ecuador, Switzerland, Turkey, Greece, Russia, Slovakia and the Dominican Republic lagged somewhat behind, together accounting for a further 38%.

Ecuador, with a CAGR of +375.1%, saw 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

In 2021, the average electroplating machine export price amounted to $X per unit, with an increase of 26% against the previous year. In general, the export price showed a strong expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 132%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Switzerland ($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 Ecuador (+36.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electroplating Machine Imports

Imports into Spain

After two years of growth, supplies from abroad of machines for electroplating, electrolysis or electrophoresis decreased by -34.8% to X units in 2021. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 403% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, electroplating machine imports reduced remarkably to $X in 2021. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 183%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Italy (X units) and Poland (X units) were the main suppliers of electroplating machine imports to Spain, with a combined 71% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +131.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electroplating machine suppliers to Spain were Italy ($X), Japan ($X) and China ($X), with a combined 60% share of total imports. These countries were followed by the UK, Poland, Germany and Portugal, which together accounted for a further 25%.

Poland, with a CAGR of +75.4%, saw 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, picking up by 18% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 52% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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