Belgium - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTest Bench Price in Belgium - 2023
Contents:
- Test Bench Price in Belgium (CIF) - 2022
- Test Bench Price in Belgium (FOB) - 2022
- Test Bench Imports in Belgium
- Test Bench Exports in Belgium
Test Bench Price in Belgium (CIF) - 2022
In 2022, the average test bench import price amounted to $2,464 per unit, reducing by -13% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $4,012 per unit. From 2021 to 2022, the average import prices remained at a somewhat 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 ($8,287 per unit), while the price for Germany ($1,075 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Test Bench Price in Belgium (FOB) - 2022
The average test bench export price stood at $6,986 per unit in 2022, rising by 55% against the previous year. Overall, the export price continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 110%. As a result, the export price reached the peak level of $11,323 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($12,775 per unit), while the average price for exports to Russia ($1,686 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Test Bench Imports in Belgium
After three years of growth, purchases abroad of test benches decreased by -26.8% to 4.2K units in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 208%. As a result, imports reached the peak of 5.8K units, and then dropped dramatically in the following year.
In value terms, test bench imports declined markedly to $10M in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 117%. As a result, imports reached the peak of $16M, and then dropped remarkably in the following year.
| Import of Test Bench in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.2 | 1.7 | 9.6 | 6.0 | 210.7% |
| Germany | 2.4 | 1.6 | 2.5 | 3.5 | 13.4% |
| Czech Republic | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| South Africa | N/A | N/A | N/A | N/A | 0% |
| Others | 3.0 | 4.1 | 4.2 | 0.7 | -38.4% |
| Total | 5.6 | 7.6 | 16.4 | 10.5 | 23.3% |
Top Suppliers of Test Bench to Belgium in 2022:
- Germany (3.3K units)
- Italy (0.7K units)
- Czech Republic (0.1K units)
Test Bench Exports in Belgium
In 2022, test bench exports from Belgium fell sharply to 885 units, declining by -62.3% against the previous year's figure. Over the period under review, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports reached the peak of 2.3K units, and then declined sharply in the following year.
In value terms, test bench exports shrank rapidly to $6.2M in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -12.3% was in 2021. The exports peaked at $17M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Test Bench in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8,048 | 2,026 | 924 | 2,413 | -33.1% |
| United Kingdom | N/A | 2.6 | 63.8 | 508 | 1297.8% |
| United States | 129 | 891 | 2,782 | 420 | 48.2% |
| India | 85.0 | 67.6 | 432 | 373 | 63.7% |
| Germany | 7.5 | 322 | 814 | 271 | 230.6% |
| Spain | N/A | N/A | 1.4 | 143 | 10114.3% |
| Canada | N/A | N/A | 89.2 | 142 | 59.2% |
| Czech Republic | 12.8 | 10.0 | 20.3 | 121 | 111.4% |
| Brazil | 1,438 | 446 | N/A | 116 | -56.8% |
| Finland | 1.5 | N/A | 73.4 | 103 | 309.5% |
| Poland | N/A | 166 | 139 | 96.4 | -23.8% |
| Mexico | 3,634 | 3,385 | N/A | 39.0 | -77.9% |
| Argentina | N/A | N/A | 1,785 | 6.1 | -99.7% |
| Others | 3,149 | 4,702 | 3,420 | 1,435 | -23.0% |
| Total | 16,503 | 12,018 | 10,544 | 6,186 | -27.9% |
Top Export Markets for Test Bench from Belgium in 2022:
- China (406.0 units)
- Germany (59.0 units)
- Canada (45.0 units)
- India (44.0 units)
- United Kingdom (40.0 units)
- Spain (40.0 units)
- United States (37.0 units)
- Czech Republic (31.0 units)
- Poland (28.0 units)
- Finland (28.0 units)
- Brazil (11.0 units)
- Mexico (4.0 units)
- Argentina (2.0 units)
This report provides an in-depth analysis of the test bench market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
-
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
-
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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