Slovakia: Test Bench Market 2024

Test Bench Market Size in Slovakia

The Slovak test bench market dropped slightly to $X.5B in 2022, approximately reflecting the previous year. Overall, consumption, however, showed a strong increase. Test bench consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Test Bench Production in Slovakia

In value terms, test bench production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a precipitous descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X.1B in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Test Bench Exports

Exports from Slovakia

In 2022, approx. X units of test benches were exported from Slovakia; growing by X% on the year before. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, test bench exports expanded significantly to $X in 2022. Overall, 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 growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Poland (X units) and the United Arab Emirates (X units) were the main destinations of test bench exports from Slovakia, together comprising X% of total exports.

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

In value terms, Germany ($X) remains the key foreign market for test benches exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price recorded a mild contraction. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Test Bench Imports

Imports into Slovakia

Test bench imports into Slovakia soared to X units in 2022, jumping by X% compared with 2021. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, test bench imports skyrocketed to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of test bench to Slovakia, with a X% share of total imports. Moreover, test bench imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was taken by Italy (X units), with a X% share.

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

In value terms, the Czech Republic ($X), Germany ($X) and Italy ($X) constituted the largest test bench suppliers to Slovakia, with a combined X% share of total imports. Poland, France, Turkey, China and South Korea lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average test bench import price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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