Overview of the Global Market for Electroplating Machine
In value terms, electroplating machine imports amounted to $24M in 2017. The electroplating machine imports continue to indicate a pronounced descent. The level of imports peaked at $32M in 2007; however, from 2008 to 2017, imports failed to regain their momentum.
From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Spain (+3.9% per year), while the other leaders experienced mixed trends in the imports figures.
In value terms, Spain ($9.7M), Italy ($9.2M) and Portugal ($2.1M) appeared to be the countries with the highest levels of imports in 2017, together accounting for 89% of total imports.
Among the main importing countries, Spain (-0.7% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced a decline in the imports figures.
Import prices varied noticeably by the country of destination; the country with the highest import price was Italy ($39 per kg), while Bosnia and Herzegovina ($9.4 per kg) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Portugal (+9.4% per year), while the other leaders experienced more modest paces of growth.
In value terms, electroplating machine exports totaled $59M in 2017. The electroplating machine exports continue to indicate a drastic descent. The level of exports peaked at $128M in 2009; however, from 2010 to 2017, exports failed to regain their momentum.
Exports from Italy decreased at an average annual rate of -3.3% from 2007 to 2017. At the same time, Spain (+37.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest growing exporter in Southern Europe, with a CAGR of +37.4% from 2007-2017. From 2007 to 2017, the share of Italy increased by 33% percentage points, while Spain (-14.8%) saw their share reduced.
In value terms, Italy ($53M) remains the largest electroplating machine supplier in Southern Europe, comprising 89% of global exports. The second position in the ranking was occupied by Spain ($5.6M), with a 9.5% share of global exports.
From 2007 to 2017, the average annual rate of growth in terms of value in Italy amounted to -6.8%.
There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Italy ($27 per kg), while Spain totaled $16 per kg.
From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Italy (-3.6% per year).
In value terms, electroplating machine production amounted to $99M in 2017 estimated in export prices. The electroplating machine production continues to indicate a temperate contraction. The growth pace was the most rapid in 2009, when the the output figure increased by 26% y-o-y. In that year, electroplating machine production attained its peak level of $157M. From 2010 to 2017, electroplating machine production growth remained at a lower figure.
In Italy, electroplating machine production remained relatively stable over the period from 2007-2017. The remaining producing countries recorded the following average annual rates of production growth: Spain (+5.3% per year) and Slovenia (+0.3% per year).