Azerbaijan: Test Bench Market 2025

Test Bench Market Size in Azerbaijan

The Azerbaijani test bench market skyrocketed to $X in 2022, growing by 164% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a buoyant expansion. Test bench consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Test Bench Exports

Exports from Azerbaijan

In 2022, the amount of test benches exported from Azerbaijan shrank markedly to X units, dropping by -65.5% against the year before. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, test bench exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 148%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates (X units) was the main destination for test bench exports from Azerbaijan, with a 79% share of total exports. Moreover, test bench exports to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X units), fivefold.

From 2013 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +173.9%.

In value terms, the largest markets for test bench exported from Azerbaijan were the UK ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 86% share of total exports.

Turkey, with a CAGR of +282.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, surging by 402% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+192.0%), while the prices for the other major destinations experienced a decline.

Test Bench Imports

Imports into Azerbaijan

In 2022, approx. X units of test benches were imported into Azerbaijan; picking up by 113% compared with the previous year's figure. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 445% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, test bench imports surged to $X in 2022. In general, imports showed pronounced growth. The pace of growth appeared the most rapid in 2018 with an increase of 534%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest test bench supplier to Azerbaijan, with a 46% share of total imports. Moreover, test bench imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Russia (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.6% per year) and Russia (+21.0% per year).

In value terms, Italy ($X), Russia ($X) and Turkey ($X) constituted the largest test bench suppliers to Azerbaijan, together accounting for 53% of total imports. China, Germany and the UK lagged somewhat behind, together comprising a further 37%.

China, with a CAGR of +36.2%, 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

In 2022, the average test bench import price amounted to $X per unit, waning by -31.4% against the previous year. Overall, the import price faced a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 55% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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