Japan: Test Bench Market 2024

Test Bench Market Size in Japan

The Japanese test bench market amounted to $X.3B in 2022, almost unchanged from the previous year. In general, the total consumption indicated a resilient increase 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, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X.1B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Test Bench Production in Japan

In value terms, test bench production totaled $X.1B in 2022 estimated in export price. Overall, the total production indicated a perceptible 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, production increased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Test bench production peaked at $X.7B in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Test Bench Exports

Exports from Japan

In 2022, shipments abroad of test benches decreased by X% to X units, falling for the third year in a row after two years of growth. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, test bench exports reduced remarkably to $X in 2022. Over the period under review, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), South Korea (X units) and India (X units) were the main destinations of test bench exports from Japan, together accounting for X% of total exports. The United States, Indonesia, France, the Philippines and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for test bench exported from Japan were China ($X), the United States ($X) and South Korea ($X), with a combined X% share of total exports. India, Indonesia, the Philippines, France and Thailand lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Korea ($X 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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into Japan

In 2022, supplies from abroad of test benches was finally on the rise to reach X units after two years of decline. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, test bench imports rose rapidly to $X in 2022. Over the period under review, imports posted a pronounced increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), the Czech Republic (X units) and Austria (X units) were the main suppliers of test bench imports to Japan, together accounting for X% of total imports. The United States, Italy and Mexico lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), the United States ($X) and Austria ($X) were the largest test bench suppliers to Japan, together accounting for X% of total imports. The Czech Republic, Italy and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Mexico, with a CAGR of X%, recorded 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

In 2022, the average test bench import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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