Germany: Test Bench Market 2024

Test Bench Market Size in Germany

The German test bench market skyrocketed to $X in 2022, increasing by 25% against the previous year. Over the period under review, consumption showed buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Test Bench Production in Germany

In value terms, test bench production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Test Bench Exports

Exports from Germany

In 2022, the amount of test benches exported from Germany plummeted to X units, declining by -30.7% compared with the previous year. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 20%. 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 reduced markedly to $X in 2022. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for test bench exports from Germany, accounting for a 29% share of total exports. Moreover, test bench exports to China exceeded the volume sent to the second major destination, Turkey (X units), sixfold. The third position in this ranking was held by the UK (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1.5% per year) and the UK (-6.8% per year).

In value terms, China ($X) remains the key foreign market for test benches exports from Germany, comprising 30% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.9% share of total exports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.4% per year) and South Korea (-5.4% per year).

Export Prices by Country

In 2022, the average test bench export price amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 8.2%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 Russia (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into Germany

In 2022, approx. X units of test benches were imported into Germany; declining by -46.5% on 2021 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 77% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, test bench imports dropped significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 58% against the previous year. Imports peaked at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest test bench supplier to Germany, with a 55% share of total imports. Moreover, test bench imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was taken by Italy (X units), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.2% per year) and Italy (-5.0% per year).

In value terms, the United States ($X), the Czech Republic ($X) and Italy ($X) constituted the largest test bench suppliers to Germany, together accounting for 46% of total imports. Switzerland, China, Austria, Turkey, the UK, Hungary, Spain and Sweden lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Hungary, with a CAGR of +123.3%, recorded the highest rates of growth with regard to 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

In 2022, the average test bench import price amounted to $X per unit, surging by 6.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Switzerland ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :