Romania: Test Bench Market 2024

Test Bench Market Size in Romania

The Romanian test bench market soared to $X in 2022, increasing by 20% against the previous year. Over the period under review, consumption recorded a resilient increase. Test bench consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Test Bench Production in Romania

In value terms, test bench production surged to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Test Bench Exports

Exports from Romania

In 2022, overseas shipments of test benches decreased by -46.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 99% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, test bench exports dropped dramatically to $X in 2022. Over the period under review, exports, however, posted a measured expansion. The pace of growth appeared the most rapid in 2016 with an increase of 106%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Moldova (X units) and Serbia (X units) were the main destinations of test bench exports from Romania, together accounting for 45% of total exports. Turkey, Morocco, Egypt, Bulgaria, China, India, Ukraine and France lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +159.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for test bench exported from Romania were Germany ($X), Moldova ($X) and Serbia ($X), together accounting for 47% of total exports. Turkey, Morocco, China, Ukraine, India, Egypt, Bulgaria and France lagged somewhat behind, together accounting for a further 42%.

Egypt, with a CAGR of +137.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average test bench export price stood at $X per unit in 2022, growing by 33% against the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to France ($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 Germany (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports

Imports into Romania

In 2022, imports of test benches into Romania surged to X units, growing by 28% compared with the year before. In general, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 73%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, test bench imports soared to $X in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and Turkey (X units) were the main suppliers of test bench imports to Romania, with a combined 62% share of total imports. France, the UK, Ukraine, Poland, Moldova, China, Spain, the Netherlands and Austria lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of +92.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of test benches to Romania, comprising 35% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.3% per year) and Turkey (+46.2% per year).

Import Prices by Country

The average test bench import price stood at $X per unit in 2022, declining by -3.6% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, test bench import price decreased by -2.5% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 33%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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