Report Update Nov 1, 2024

Mexico - Test Benches - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Test Bench Market 2024

Test Bench Market Size in Mexico

The Mexican test bench market declined slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption posted a prominent increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Test Bench Production in Mexico

In value terms, test bench production fell slightly to $X in 2022 estimated in export price. Overall, production posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 80% against the previous year. Test bench production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Test Bench Exports

Exports from Mexico

In 2022, the amount of test benches exported from Mexico skyrocketed to X units, growing by 47% against the year before. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 68%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, test bench exports skyrocketed to $X in 2022. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2016 when exports increased by 71%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for test bench exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +18.1%.

In value terms, the United States ($X) also remains the key foreign market for test benches exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +17.1%.

Export Prices by Country

In 2022, the average test bench export price amounted to $X per unit, waning by -7.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.3% per year.

Test Bench Imports

Imports into Mexico

In 2022, after three years of decline, there was significant growth in supplies from abroad of test benches, when their volume increased by 15% to X units. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, test bench imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2017 when imports increased by 41%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of test bench imports to Mexico, together comprising 89% of total imports. Italy, Canada, Spain, Brazil and Japan lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +16.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest test bench suppliers to Mexico were the United States ($X), Germany ($X) and China ($X), together comprising 90% of total imports.

China, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for test benches in the world?

The countries with the highest volumes of test bench consumption in 2021 were China, South Africa and the United States, with a combined 42% share of global consumption. India, Germany, Japan, Russia, Brazil, Austria, Turkey, Mexico, Democratic Republic of the Congo and South Korea lagged somewhat behind, together comprising a further 33%.

What are the largest producers of test benches in the world?

The countries with the highest volumes of test bench production in 2021 were China, Germany and the United States, together comprising 43% of global production. These countries were followed by India, Japan, Russia, Austria, the Czech Republic, Brazil, Italy, South Korea, Mexico and Turkey, which together accounted for a further 34%.

What are the leading suppliers of test benches to Mexico?

In value terms, Italy, Germany and the United States were the largest test bench suppliers to Mexico, with a combined 94% share of total imports.

What are the leading importers of test benches from Mexico?

In value terms, the United States remains the key foreign market for test bench exports from Mexico.

What is the average export price for test benches in Mexico?

In 2021, the average test bench export price amounted to $993 per unit, reducing by -55.7% against the previous year.

What is the average import price for test benches in Mexico?

In 2021, the average test bench import price amounted to $2,001 per unit, rising by 28% against the previous year.

This report provides an in-depth analysis of the test bench market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26516620 - Test benches

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023