Asia: Test Bench Market 2024

Test Bench Market Size in Asia

The Asian test bench market reduced modestly to $X in 2022, approximately equating the previous year. Overall, consumption showed prominent growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Test Bench Production in Asia

In value terms, test bench production fell to $X in 2022 estimated in export price. Overall, production recorded strong growth. The growth pace was the most rapid in 2018 when the production volume increased by 41% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Test Bench Exports

Exports in Asia

Test bench exports amounted to X units in 2022, increasing by 8.2% on 2021 figures. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +60.0% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, test bench exports expanded notably to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 23% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of around X units, which reached 38% of total exports. It was distantly followed by India (X units), Japan (X units), South Korea (X units) and Turkey (X units), together mixing up a 48% share of total exports. Taiwan (Chinese) (X units), Thailand (X units), Singapore (X units), Malaysia (X units) and Hong Kong SAR (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +35.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest test bench supplying countries in Asia were India ($X), China ($X) and Japan ($X), together comprising 65% of total exports.

Among the main exporting countries, India, with a CAGR of +49.6%, saw the highest rates of growth with regard to 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 export price in Asia stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 7.4% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($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 (+10.0%), while the other leaders experienced more modest paces of growth.

Test Bench Imports

Imports in Asia

In 2022, the amount of test benches imported in Asia dropped modestly to X units, reducing by -5% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2017 with an increase of 39%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, test bench imports reduced remarkably to $X in 2022. Overall, imports showed a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 39%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, finishing at X units, which was near 57% of total imports in 2022. It was distantly followed by South Korea (X units) and Vietnam (X units), together mixing up a 10% share of total imports. Indonesia (X units), Turkey (X units), India (X units), Malaysia (X units), Japan (X units), the United Arab Emirates (X units), Uzbekistan (X units), Taiwan (Chinese) (X units) and the Philippines (X units) held a little share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of test benches. At the same time, Vietnam (+37.1%), the Philippines (+24.6%), Japan (+8.3%), Malaysia (+7.2%), Uzbekistan (+5.4%), the United Arab Emirates (+4.2%) and South Korea (+2.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +37.1% from 2012-2022. Turkey, Indonesia and India experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-3.1%) illustrated a downward trend over the same period. Vietnam (+4.6 p.p.) and Uzbekistan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by -10.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported test benches in Asia, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.4% share of total imports. It was followed by India, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value in China stood at -3.1%. In the other countries, the average annual rates were as follows: South Korea (-4.8% per year) and India (-1.5% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, reducing by -23.5% against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2014 an increase of 12%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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