Netherlands: Test Bench Market 2024

Test Bench Market Size in the Netherlands

The Dutch test bench market dropped to $X in 2022, reducing by -10.9% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Test Bench Production in the Netherlands

In value terms, test bench production declined to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 95% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Test Bench Exports

Exports from the Netherlands

In 2022, shipments abroad of test benches increased by 9.5% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 58% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, test bench exports expanded significantly to $X in 2022. In general, exports recorded measured growth. The pace of growth was the most pronounced in 2015 when exports increased by 108% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X units), the UK (X units) and Sweden (X units) were the main destinations of test bench exports from the Netherlands, together accounting for 53% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +68.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for test benches exports from the Netherlands, comprising 21% of total exports. The second position in the ranking was held by the UK ($X), with a 7.6% share of total exports. It was followed by Canada, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-7.5% per year) and Canada (+39.1% per year).

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, test bench export price decreased by -10.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($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 France (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into the Netherlands

In 2022, approx. X units of test benches were imported into the Netherlands; falling by -16.3% compared with the previous year. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 160% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, test bench imports declined dramatically to $X in 2022. In general, imports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2014 when imports increased by 90%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), the UK (X units) and the United States (X units) were the main suppliers of test bench imports to the Netherlands, together comprising 56% of total imports. Denmark, the United Arab Emirates, Azerbaijan and Switzerland lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of test benches to the Netherlands, comprising 32% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by the UK, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.9% per year) and the UK (+0.7% per year).

Import Prices by Country

The average test bench import price stood at $X per unit in 2022, with a decrease of -20.4% against the previous year. In general, the import price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 39%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the United Arab Emirates ($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 United Arab Emirates (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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