China - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTest Bench Price in China - 2023
Contents:
- Test Bench Price in China (CIF) - 2022
- Test Bench Price in China (FOB) - 2022
- Test Bench Imports in China
- Test Bench Exports in China
Test Bench Price in China (CIF) - 2022
The average test bench import price stood at $4,981 per unit in 2022, reducing by -28.2% against the previous year. Overall, the import price showed a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $7,698 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($11,156 per unit), while the price for Australia ($713 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Test Bench Price in China (FOB) - 2022
The average test bench export price stood at $3,502 per unit in 2022, falling by -14.2% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. The export price peaked at $8,057 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($8,532 per unit), while the average price for exports to Bangladesh ($1,759 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 the United Arab Emirates (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.
Test Bench Imports in China
In 2022, after two years of decline, there was growth in supplies from abroad of test benches, when their volume increased by 3% to 68K units. Overall, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at 85K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, test bench imports shrank significantly to $341M in 2022. In general, imports, however, showed a abrupt decline. The smallest decline of -2.2% was in 2020. Imports peaked at $554M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Test Bench in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 173 | 228 | 199 | 121 | -11.2% |
| Austria | 131 | 115 | 75.7 | 55.4 | -24.9% |
| United States | 93.2 | 67.1 | 66.5 | 50.2 | -18.6% |
| United Kingdom | 11.8 | 19.1 | 9.0 | 28.4 | 34.0% |
| Italy | 15.7 | 14.2 | 13.1 | 15.1 | -1.3% |
| Japan | 25.9 | 32.6 | 25.1 | 11.8 | -23.1% |
| South Korea | 23.7 | 10.0 | 18.8 | 9.1 | -27.3% |
| Australia | 0.3 | N/A | N/A | 1.0 | 49.4% |
| Czech Republic | 33.0 | N/A | N/A | N/A | 0% |
| Others | 45.7 | 55.6 | 53.4 | 48.7 | 2.1% |
| Total | 554 | 541 | 461 | 341 | -14.9% |
Top Suppliers of Test Bench to China in 2022:
- Germany (20.6K units)
- United States (8.8K units)
- United Kingdom (6.4K units)
- South Korea (5.8K units)
- Italy (5.2K units)
- Austria (5.0K units)
- Japan (2.0K units)
- Australia (1.5K units)
Test Bench Exports in China
After three years of growth, overseas shipments of test benches decreased by -7.4% to 15K units in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 69%. The exports peaked at 16K units in 2021, and then shrank in the following year.
In value terms, test bench exports contracted remarkably to $53M in 2022. Overall, exports showed a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $67M, and then fell remarkably in the following year.
| Export of Test Bench in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.6 | 1.8 | 2.0 | 4.0 | 15.4% |
| Nigeria | 0.4 | 0.8 | 0.4 | 3.8 | 111.8% |
| Japan | 3.9 | 7.5 | 2.5 | 3.5 | -3.5% |
| South Korea | 2.0 | 3.6 | 1.9 | 2.4 | 6.3% |
| Germany | 3.6 | 2.6 | 3.7 | 2.1 | -16.4% |
| Russia | 1.8 | 1.8 | 3.4 | 1.9 | 1.8% |
| Thailand | 2.4 | 6.0 | 6.8 | 1.9 | -7.5% |
| United Arab Emirates | 0.3 | 0.4 | 1.1 | 1.7 | 78.3% |
| United States | 2.4 | 0.9 | 3.8 | 1.6 | -12.6% |
| Indonesia | 2.7 | 1.0 | 2.3 | 1.5 | -17.8% |
| Singapore | 0.3 | 0.5 | 0.4 | 1.2 | 58.7% |
| Bangladesh | 1.0 | N/A | 0.2 | 0.9 | -3.5% |
| Malaysia | 3.1 | 5.8 | 1.4 | 0.9 | -33.8% |
| Others | 28.2 | 24.7 | 36.7 | 25.4 | -3.4% |
| Total | 54.6 | 57.3 | 66.6 | 52.9 | -1.0% |
Top Export Markets for Test Bench from China in 2022:
- Japan (1.2K units)
- Germany (1.0K units)
- South Korea (0.9K units)
- Vietnam (0.8K units)
- Indonesia (0.6K units)
- United States (0.6K units)
- Bangladesh (0.5K units)
- Singapore (0.5K units)
- Thailand (0.5K units)
- Russia (0.4K units)
- United Arab Emirates (0.4K units)
- Malaysia (0.4K units)
- Nigeria (0.4K units)
This report provides an in-depth analysis of the test bench market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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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