Singapore - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTest Bench Price in Singapore - 2022
Contents:
- Test Bench Price in Singapore (CIF) - 2022
- Test Bench Price in Singapore (FOB) - 2022
- Test Bench Imports in Singapore
- Test Bench Exports in Singapore
Test Bench Price in Singapore (CIF) - 2022
The average test bench import price stood at $9,177 per unit in 2022, picking up by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2021 when the average import price increased by 22%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 Japan ($30,463 per unit), while the price for Sweden ($626 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Test Bench Price in Singapore (FOB) - 2022
The average test bench export price stood at $15,070 per unit in 2022, with an increase of 86% against the previous year. Over the period under review, the export price continues to indicate prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($39,730 per unit), while the average price for exports to Spain ($2,895 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 (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Test Bench Imports in Singapore
In 2022, the amount of test benches imported into Singapore reached 1.7K units, growing by 9.2% compared with the previous year. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year. As a result, imports reached the peak of 1.8K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, test bench imports rose remarkably to $16M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Test Bench in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 313 | 434 | 391 | 4,043 | 134.6% |
| United States | 1,366 | 1,807 | 1,221 | 1,946 | 12.5% |
| Malaysia | 578 | 377 | 3,714 | 1,671 | 42.5% |
| Germany | 1,029 | 1,800 | 1,405 | 820 | -7.3% |
| Finland | 216 | 2,123 | 1,395 | 628 | 42.7% |
| China | 311 | 253 | 1,355 | 444 | 12.6% |
| Austria | 26.1 | 25.4 | 21.0 | 243 | 110.4% |
| Italy | 103 | 11.2 | 9.4 | 47.0 | -23.0% |
| United Kingdom | 477 | 108 | 151 | 25.2 | -62.5% |
| Others | 4,252 | 6,376 | 4,243 | 5,972 | 12.0% |
| Total | 8,673 | 13,315 | 13,905 | 15,839 | 22.2% |
Top Suppliers of Test Bench to Singapore in 2022:
- United States (432.0 units)
- France (301.0 units)
- Malaysia (172.0 units)
- Germany (149.0 units)
- Finland (137.0 units)
- China (57.0 units)
- Austria (25.0 units)
- Italy (24.0 units)
- United Kingdom (5.0 units)
Test Bench Exports in Singapore
In 2022, exports of test benches from Singapore shrank significantly to 673 units, which is down by -40.5% compared with the previous year. Overall, exports showed a abrupt setback. The smallest decline of -5.3% was in 2020. Over the period under review, the exports hit record highs at 1.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, test bench exports rose remarkably to $10M in 2022. In general, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $10M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Test Bench in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 257 | 348 | 652 | 1,759 | 89.9% |
| Indonesia | 1,138 | 767 | 1,423 | 1,371 | 6.4% |
| Malaysia | 744 | 1,511 | 514 | 918 | 7.3% |
| China | 788 | 1,520 | 644 | 603 | -8.5% |
| Japan | 41.9 | 148 | 480 | 421 | 115.8% |
| Thailand | 550 | 145 | 424 | 408 | -9.5% |
| Taiwan (Chinese) | 495 | 424 | 48.4 | 309 | -14.5% |
| Spain | 200 | 194 | 260 | 299 | 14.3% |
| United States | 1,628 | 466 | 2,202 | 270 | -45.1% |
| Romania | 523 | 317 | 236 | 227 | -24.3% |
| United Kingdom | 479 | 113 | 10.2 | 200 | -25.3% |
| Russia | 55.5 | 64.9 | 153 | 147 | 38.4% |
| Philippines | 263 | 378 | 267 | 108 | -25.7% |
| Others | 3,074 | 2,562 | 1,856 | 3,108 | 0.4% |
| Total | 10,237 | 8,957 | 9,169 | 10,148 | -0.3% |
Top Export Markets for Test Bench from Singapore in 2022:
- Spain (103.0 units)
- Indonesia (99.0 units)
- Malaysia (66.0 units)
- Japan (55.0 units)
- Germany (44.0 units)
- China (41.0 units)
- United States (35.0 units)
- Thailand (29.0 units)
- United Kingdom (23.0 units)
- Taiwan (Chinese) (22.0 units)
- Philippines (17.0 units)
- Romania (15.0 units)
- Russia (13.0 units)
This report provides an in-depth analysis of the test bench market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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