Philippines - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTest Bench Price in the Philippines - 2023
Contents:
- Test Bench Price in the Philippines (CIF) - 2022
- Test Bench Price in the Philippines (FOB) - 2022
- Test Bench Imports in the Philippines
- Test Bench Exports in the Philippines
Test Bench Price in the Philippines (CIF) - 2022
In 2022, the average test bench import price amounted to $2,406 per unit, declining by -39.7% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 76%. The import price peaked at $7,490 per unit in 2016; however, from 2017 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 Hong Kong SAR ($13,944 per unit), while the price for China ($556 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the prices for the other major suppliers experienced a decline.
Test Bench Price in the Philippines (FOB) - 2022
The average test bench export price stood at $14,044 per unit in 2022, rising by 244% against the previous year. Over the period under review, the export price showed temperate growth. The pace of growth appeared the most rapid in 2017 an increase of 559% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($16,225 per unit), while the average price for exports to Japan ($7,272 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 Germany (+1.2%), while the prices for the other major destinations experienced a decline.
Test Bench Imports in the Philippines
In 2022, supplies from abroad of test benches was finally on the rise to reach 1.8K units after two years of decline. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, test bench imports skyrocketed to $4.4M in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. Imports peaked at $5.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Test Bench in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1,197 | 1,208 | 1,234 | 1,349 | 4.1% |
| Hong Kong SAR | 752 | 71.8 | 59.8 | 962 | 8.6% |
| China | 255 | 767 | 199 | 607 | 33.5% |
| Germany | 1,176 | 785 | 278 | 552 | -22.3% |
| Poland | N/A | N/A | 63.2 | 253 | 300.3% |
| Japan | 617 | 83.0 | 400 | 148 | -37.9% |
| United States | 236 | 152 | 147 | 108 | -22.9% |
| Singapore | 200 | 111 | 163 | 102 | -20.1% |
| India | 135 | 16.4 | 1.4 | 89.1 | -12.9% |
| Italy | 104 | 213 | 16.2 | 13.8 | -49.0% |
| Australia | 112 | 185 | 99.5 | 5.0 | -64.5% |
| Thailand | 51.6 | N/A | 15.3 | N/A | -45.5% |
| Slovakia | 117 | N/A | 229 | N/A | 39.9% |
| Others | 442 | 994 | 659 | 226 | -20.0% |
| Total | 5,396 | 4,586 | 3,564 | 4,414 | -6.5% |
Top Suppliers of Test Bench to the Philippines in 2022:
- China (1092.0 units)
- Malaysia (271.0 units)
- Poland (140.0 units)
- Hong Kong SAR (69.0 units)
- Germany (61.0 units)
- India (51.0 units)
- United States (43.0 units)
- Singapore (33.0 units)
- Italy (19.0 units)
- Japan (13.0 units)
- Australia (4.0 units)
Test Bench Exports in the Philippines
In 2022, approx. 19 units of test benches were exported from the Philippines; growing by 1,800% on 2021 figures. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, test bench exports soared to $272K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Test Bench in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 237 | 0% |
| Malaysia | N/A | 28.1 | N/A | 19.2 | -17.3% |
| Japan | 13.1 | 15.4 | 4.1 | 15.1 | 4.9% |
| United States | 12.5 | 2.8 | N/A | N/A | -77.6% |
| Australia | 4.8 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 0.4 | N/A | N/A | -84.6% |
| Total | 33.0 | 46.7 | 4.1 | 272 | 102.0% |
Top Export Markets for Test Bench from the Philippines in 2022:
- Germany (15.0 units)
- Malaysia (3.0 units)
- Japan (2.0 units)
This report provides an in-depth analysis of the test bench market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
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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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