Eastern Europe: Test Bench Market 2024

Test Bench Market Size in Eastern Europe

The East European test bench market fell modestly to $X.2B in 2022, declining by X% against the previous year. Overall, consumption, however, enjoyed a strong expansion. The level of consumption peaked at $X.1B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Test Bench Production in Eastern Europe

In value terms, test bench production shrank modestly to $X.6B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X.6B in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Test Bench Exports

Exports in Eastern Europe

In 2022, the amount of test benches exported in Eastern Europe was estimated at X units, surging by X% compared with 2021. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, test bench exports reached $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) and Poland (X units) dominates exports structure, together mixing up X% of total exports. It was distantly followed by Latvia (X units), mixing up a X% share of total exports. The following exporters - Estonia (X units), Slovakia (X units), Romania (X units) and Hungary (X units) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest test bench supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Latvia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Test Bench Imports

Imports in Eastern Europe

Test bench imports surged to X units in 2022, rising by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, test bench imports fell to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Belarus (X units) and Romania (X units) represented the key importers of test benches in 2022, amounting to approx. X% and X% of total imports, respectively. Slovakia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%), Latvia (X%), the Czech Republic (X%), Ukraine (X%), Hungary (X%) and Lithuania (X%).

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest test bench importing markets in Eastern Europe were Belarus ($X), Romania ($X) and the Czech Republic ($X), together accounting for X% of total imports.

Among the main importing countries, Belarus, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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