Azerbaijan - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTest Bench Price in Azerbaijan - 2023
Contents:
- Test Bench Price in Azerbaijan (CIF) - 2022
- Test Bench Price in Azerbaijan (FOB) - 2022
- Test Bench Imports in Azerbaijan
- Test Bench Exports in Azerbaijan
Test Bench Price in Azerbaijan (CIF) - 2022
In 2022, the average test bench import price amounted to $2,177 per unit, waning by -31.4% against the previous year. In general, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 55%. Over the period under review, average import prices reached the maximum at $6,735 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,342 per unit), while the price for China ($830 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Test Bench Price in Azerbaijan (FOB) - 2022
The average test bench export price stood at $6,611 per unit in 2022, rising by 402% against the previous year. In general, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($128,753 per unit), while the average price for exports to the United Arab Emirates ($1,040 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+192.0%), while the prices for the other major destinations experienced a decline.
Test Bench Imports in Azerbaijan
In 2022, the amount of test benches imported into Azerbaijan soared to 311 units, growing by 113% on 2021 figures. Overall, imports continue to indicate a temperate increase. Imports peaked at 548 units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, test bench imports soared to $677K in 2022. Over the period under review, imports, however, showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 72%. As a result, imports attained the peak of $2.7M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Test Bench in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.4 | 68.1 | 12.9 | 120 | 268.4% |
| Italy | 140 | 315 | 91.9 | 120 | -5.0% |
| Russia | 15.3 | 68.0 | 59.2 | 120 | 98.7% |
| China | 21.6 | 74.1 | 38.6 | 118 | 76.1% |
| Germany | N/A | 231 | 20.2 | 67.0 | -46.1% |
| United Kingdom | 4.8 | 94.8 | 15.7 | 66.4 | 140.1% |
| Singapore | 8.9 | 15.1 | 1.5 | 6.6 | -9.5% |
| United Arab Emirates | 51.4 | 265 | 107 | 2.0 | -66.1% |
| Czech Republic | 23.8 | 120 | 34.9 | N/A | 21.1% |
| Israel | 1,211 | N/A | N/A | N/A | 0% |
| Others | 103 | 1,462 | 79.6 | 57.1 | -17.9% |
| Total | 1,581 | 2,713 | 462 | 677 | -24.6% |
Top Suppliers of Test Bench to Azerbaijan in 2022:
- China (142.0 units)
- Turkey (61.0 units)
- Russia (47.0 units)
- Italy (23.0 units)
- Germany (17.0 units)
- United Kingdom (13.0 units)
- Singapore (1.0 units)
Test Bench Exports in Azerbaijan
In 2022, the amount of test benches exported from Azerbaijan declined dramatically to 19 units, which is down by -65.5% compared with 2021. In general, exports saw a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 83%. As a result, the exports attained the peak of 55 units, and then declined sharply in the following year.
In value terms, test bench exports soared to $126K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Test Bench in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.6 | N/A | N/A | 35.6 | 290.0% |
| United Arab Emirates | N/A | 20.4 | N/A | 15.5 | -12.8% |
| Kazakhstan | 24.7 | 13.0 | 12.5 | N/A | -28.9% |
| Egypt | N/A | N/A | 48.9 | N/A | 0% |
| Georgia | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Ukraine | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | 9.6 | 74.7 | 678.1% |
| Total | 25.6 | 33.5 | 71.8 | 126 | 70.1% |
Top Export Markets for Test Bench from Azerbaijan in 2022:
- United Arab Emirates (15.0 units)
- Turkey (3.0 units)
This report provides an in-depth analysis of the test bench market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26516620 - Test benches
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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