Israel: Test Bench Market 2024

Test Bench Market Size in Israel

The Israeli test bench market shrank modestly to $X in 2022, waning by -3.5% against the previous year. In general, consumption, however, continues to indicate a strong increase. Test bench consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Test Bench Production in Israel

In value terms, test bench production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Test Bench Exports

Exports from Israel

In 2022, after two years of decline, there was significant growth in shipments abroad of test benches, when their volume increased by 54% to X units. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 285% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, test bench exports soared to $X in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 329%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for test bench exports from Israel, with a 43% share of total exports. Moreover, test bench exports to the United States exceeded the volume sent to the second major destination, Switzerland (X units), threefold. India (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +43.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+23.5% per year) and India (+37.7% per year).

In value terms, the United States ($X) remains the key foreign market for test benches exports from Israel, comprising 43% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 16% share of total exports. It was followed by India, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+22.1% per year) and India (+39.2% per year).

Export Prices by Country

In 2022, the average test bench export price amounted to $X per unit, reducing by -6.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 11%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per unit) and the UK ($X per unit), while the average price for exports to Switzerland ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into Israel

In 2022, test bench imports into Israel surged to X units, rising by 46% against the year before. In general, imports saw prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 161%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, test bench imports stood at $X in 2022. Over the period under review, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 68% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest test bench supplier to Israel, with a 58% share of total imports. Moreover, test bench imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Mexico (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and Mexico (+120.5% per year).

In value terms, the United States ($X) constituted the largest supplier of test benches to Israel, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Mexico, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and Mexico (+83.1% per year).

Import Prices by Country

In 2022, the average test bench import price amounted to $X per unit, waning by -30.2% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 35% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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