Spain: Test Bench Market 2024

Test Bench Market Size in Spain

The Spanish test bench market reduced dramatically to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption recorded a noticeable setback. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Test Bench Production in Spain

In value terms, test bench production reduced notably to $X in 2022 estimated in export price. Overall, production showed a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then reduced dramatically in the following year.

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Test Bench Exports

Exports from Spain

In 2022, overseas shipments of test benches decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, test bench exports contracted to $X in 2022. In general, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for test bench exports from Spain, with a X% share of total exports. Moreover, test bench exports to the United States exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was held by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and France (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for test benches exports from Spain, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Germany (X% per year).

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 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 Germany ($X per unit), while the average price for exports to Chile ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into Spain

In 2022, test bench imports into Spain contracted rapidly to X units, waning by X% compared with 2021 figures. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, test bench imports fell rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), Austria (X units) and China (X units) were the main suppliers of test bench imports to Spain, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Austria ($X) and Italy ($X) constituted the largest test bench suppliers to Spain, together comprising X% of total imports.

In terms of the main suppliers, Austria, 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

The average test bench import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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