United Kingdom: Electroplating Machine Market 2024

Electroplating Machine Market Size in the UK

After three years of growth, the UK electroplating machine market decreased by -82% to $X in 2021. In general, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market reached the peak level at $X in 2020, and then reduced sharply in the following year.

Electroplating Machine Production in the UK

In value terms, electroplating machine production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Electroplating Machine Exports

Exports from the UK

In 2021, after two years of growth, there was significant decline in overseas shipments of machines for electroplating, electrolysis or electrophoresis, when their volume decreased by -38.6% to X units. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 188% against the previous year. The exports peaked at X units in 2020, and then dropped sharply in the following year.

In value terms, electroplating machine exports declined rapidly to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 118% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Morocco (X units) and Turkey (X units) were the main destinations of electroplating machine exports from the UK, with a combined 38% share 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 Morocco (with a CAGR of +129.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for electroplating machine exports from the UK, comprising 14% of total exports. The second position in the ranking was held by the United States ($X), with a 5.9% share of total exports. It was followed by Italy, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.5% per year) and Italy (+26.8% per year).

Export Prices by Country

In 2021, the average electroplating machine export price amounted to $X per unit, with a decrease of -8% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 105%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Egypt ($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 the United States (+1.5%), while the prices for the other major destinations experienced a decline.

Electroplating Machine Imports

Imports into the UK

After three years of growth, overseas purchases of machines for electroplating, electrolysis or electrophoresis decreased by -92.2% to X units in 2021. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,767%. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, electroplating machine imports declined remarkably to $X in 2021. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 285% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electroplating machine to the UK, with a 64% share of total imports. Moreover, electroplating machine imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), ninefold. The United States (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +53.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+8.2% per year) and the United States (+7.7% per year).

In value terms, the largest electroplating machine suppliers to the UK were the United States ($X), China ($X) and Canada ($X), together comprising 62% of total imports. Taiwan (Chinese), France, Switzerland, Singapore, Hong Kong SAR, the Netherlands and Finland lagged somewhat behind, together comprising a further 20%.

France, with a CAGR of +74.5%, recorded the highest rates of growth with regard to 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 978% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The import price peaked at $X per unit in 2017; however, from 2018 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 the United States ($X per unit), while the price for Finland ($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 States (-7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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