Chile: Test Bench Market 2024

Test Bench Market Size in Chile

The Chilean test bench market declined slightly to $X in 2022, waning by -3.4% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. Test bench consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Test Bench Production in Chile

In value terms, test bench production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 61% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Test Bench Exports

Exports from Chile

In 2022, approx. X units of test benches were exported from Chile; picking up by 22% against the year before. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 8,067%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, test bench exports rose notably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 7,665% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units) and Canada (X units) were the main destinations of test bench exports from Chile.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +152.0%).

In value terms, Colombia ($X) and Canada ($X) constituted the largest markets for test bench exported from Chile worldwide.

Canada, with a CAGR of +76.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, falling by -7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 13%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Test Bench Imports

Imports into Chile

In 2022, purchases abroad of test benches decreased by -7.4% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, test bench imports declined to $X in 2022. Over the period under review, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of test bench to Chile, with a 39% share of total imports. Moreover, test bench imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. France (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.6% per year) and France (+27.1% per year).

In value terms, the United States ($X) constituted the largest supplier of test benches to Chile, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Greece, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.5% per year) and Greece (+39.9% per year).

Import Prices by Country

The average test bench import price stood at $X per unit in 2022, which is down by -6.8% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 128% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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