Russian Federation: Test Bench Market 2024

Test Bench Market Size in the Russian Federation

The Russian test bench market dropped slightly to $X.1B in 2022, waning by X% against the previous year. In general, consumption, however, recorded prominent growth. Test bench consumption peaked at $X.1B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Test Bench Production in the Russian Federation

In value terms, test bench production fell slightly to $X.6B in 2022 estimated in export price. Overall, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Test bench production peaked at $X.4B in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Test Bench Exports

Exports from the Russian Federation

In 2022, shipments abroad of test benches decreased by X% to X units, falling for the sixth consecutive year after two years of growth. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, test bench exports shrank significantly to $X in 2022. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for test bench exports from Russia, with a X% share of total exports. Moreover, test bench exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X units), threefold. Italy (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Italy (X% per year).

In value terms, the largest markets for test bench exported from Russia were Kazakhstan ($X), Uzbekistan ($X) and Italy ($X), together comprising X% of total exports. Mongolia, Armenia, Azerbaijan, Ukraine, Romania, Turkey, Latvia, Switzerland, Israel and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, falling by X% against the previous year. Over the period under review, the export price, however, posted a tangible increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Switzerland ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into the Russian Federation

After three years of growth, supplies from abroad of test benches decreased by X% to X units in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, test bench imports dropped rapidly to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Austria (X units) were the main suppliers of test bench imports to Russia, with a combined X% share of total imports. Kazakhstan, the United States, Estonia, South Korea, the UK and Italy lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of test benches to Russia, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the average test bench import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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