Hong Kong SAR, China - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTest Bench Price in Hong Kong SAR - 2023
Contents:
- Test Bench Price in Hong Kong SAR (CIF) - 2022
- Test Bench Price in Hong Kong SAR (FOB) - 2022
- Test Bench Imports in Hong Kong SAR
- Test Bench Exports in Hong Kong SAR
Test Bench Price in Hong Kong SAR (CIF) - 2022
In 2022, the average test bench import price amounted to $2,635 per unit, declining by -91.1% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 194% against the previous year. The import price peaked at $29,450 per unit in 2021, and then contracted dramatically in the following year.
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 the United States ($22,781 per unit), while the price for India ($996 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Test Bench Price in Hong Kong SAR (FOB) - 2022
The average test bench export price stood at $7,272 per unit in 2022, which is down by -7.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 12% against the previous year. As a result, the export price reached the peak level of $8,983 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.0% per year.
Test Bench Imports in Hong Kong SAR
In 2022, overseas purchases of test benches increased by 1,268% to 1.5K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, test bench imports surged to $3.9M in 2022. Over the period under review, imports, however, showed a abrupt setback. Imports peaked at $6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Test Bench in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,108 | 1,002 | 952 | 1,360 | 7.1% |
| Czech Republic | 115 | N/A | N/A | 800 | 90.9% |
| China | 3,253 | 693 | 289 | 635 | -42.0% |
| India | N/A | N/A | 928 | 548 | -40.9% |
| Germany | 1,354 | 1,262 | 285 | 513 | -27.6% |
| Others | 122 | 1,152 | 683 | N/A | 136.6% |
| Total | 5,952 | 4,109 | 3,137 | 3,857 | -13.5% |
Top Suppliers of Test Bench to Hong Kong SAR in 2022:
- Czech Republic (803.0 units)
- India (551.0 units)
- United States (60.0 units)
- China (28.0 units)
- Germany (23.0 units)
Test Bench Exports in Hong Kong SAR
In 2022, the amount of test benches exported from Hong Kong SAR soared to 665 units, rising by 147% on the year before. Over the period under review, exports posted resilient growth. Over the period under review, the exports attained the peak figure at 671 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, test bench exports surged to $4.8M in 2022. In general, exports, however, continue to indicate a mild decline. The exports peaked at $5.6M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Test Bench in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 5.5 | 2.1 | 4.8 | 0.0% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 5.0 | 5.6 | 2.1 | 4.8 | -1.4% |
Top Export Markets for Test Bench from Hong Kong SAR in 2022:
- China (662.0 units)
This report provides an in-depth analysis of the test bench market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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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