Southern Asia: Test Bench Market 2024

Test Bench Market Size in Southern Asia

The South Asian test bench market contracted modestly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, recorded strong growth. Over the period under review, the market attained the peak level at $X.2B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Test Bench Production in Southern Asia

In value terms, test bench production contracted to $X in 2022 estimated in export price. The total production indicated resilient growth 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X.2B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Test Bench Exports

Exports in Southern Asia

In 2022, test bench exports in Southern Asia skyrocketed to X units, increasing by X% against the previous year's figure. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, test bench exports soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from India (X units), together finishing at X% of total export.

India was also the fastest-growing in terms of the test benches exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest test bench supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, rising by X% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Test Bench Imports

Imports in Southern Asia

In 2022, overseas purchases of test benches decreased by X% to X units, falling for the fourth consecutive year after three years of growth. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, test bench imports fell sharply to $X in 2022. Over the period under review, imports showed a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

India represented the main importer of test benches in Southern Asia, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Nepal (X units), Bangladesh (X units) and Pakistan (X units), together constituting a X% share of total imports. Sri Lanka (X units) followed a long way behind the leaders.

Imports into India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Nepal experienced a relatively flat trend pattern. From 2012 to 2022, the share of Bangladesh, Pakistan, Nepal and Sri Lanka increased by X, X, X and X percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported test benches in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, test bench imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then dropped sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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