Lithuania - Test Benches - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Lithuania - Test Benches - Market Analysis, Forecast, Size, Trends And Insights

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Test Bench Price in Lithuania - 2023

Contents:

  1. Test Bench Price in Lithuania (CIF) - 2022
  2. Test Bench Price in Lithuania (FOB) - 2023
  3. Test Bench Imports in Lithuania
  4. Test Bench Exports in Lithuania

Test Bench Price in Lithuania (CIF) - 2022

In 2022, the average test bench import price amounted to $3,386 per unit, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 increased by +19.2% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure at $4,868 per unit in 2017; however, from 2018 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 Belarus ($10,225 per unit), while the price for China ($1,033 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Test Bench Price in Lithuania (FOB) - 2023

In September 2023, the average test bench export price amounted to $5,945 per unit, growing by 4% against the previous month. Overall, the export price showed strong growth. The growth pace was the most rapid in October 2022 an increase of 58% against the previous month. The export price peaked at $6,280 per unit in June 2023; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Latvia ($28,369 per unit), while the average price for exports to China ($255 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+145.9%), while the prices for the other major destinations experienced more modest paces of growth.

Test Bench Imports in Lithuania

Test bench imports into Lithuania declined dramatically to 1K units in 2022, dropping by -56.8% compared with the previous year's figure. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 250% against the previous year. As a result, imports attained the peak of 2.4K units, and then dropped dramatically in the following year.

In value terms, test bench imports dropped markedly to $3.6M in 2022. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 217%. As a result, imports reached the peak of $8.3M, and then reduced sharply in the following year.

Import of Test Bench in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovenia24.2N/AN/A1,554300.4%
Germany3065756,4191,27961.1%
Belarus66.013318833772.2%
China82.696.220412013.3%
Netherlands39.327.428.160.715.6%
Italy31741189042.9-48.7%
France1,69469.46.05.8-84.9%
GreeceN/A485278N/A-42.7%
Turkey2740.1N/AN/A-100.0%
Ukraine1,3488.2N/AN/A-99.4%
Others1,604818316154-54.2%
Total5,7552,6248,3293,552-14.9%

Top Suppliers of Test Bench to Lithuania in 2022:

  1. Slovenia (512.0 units)
  2. Germany (319.0 units)
  3. China (116.0 units)
  4. Belarus (33.0 units)
  5. Italy (31.0 units)
  6. Netherlands (21.0 units)
  7. France (1.0 units)

Test Bench Exports in Lithuania

Test bench exports from Lithuania fell significantly to 534 units in 2022, which is down by -84.2% on 2021 figures. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 234% against the previous year. As a result, the exports attained the peak of 3.4K units, and then shrank remarkably in the following year.

In value terms, test bench exports fell significantly to $2.7M in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 126%. As a result, the exports attained the peak of $7.6M, and then declined remarkably in the following year.

Export of Test Bench in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uzbekistan16.6N/A1011,554354.1%
Germany59.329114214233.8%
Poland9.823.26.874.196.3%
AustraliaN/AN/A3.269.42068.8%
United Kingdom19.253.541.067.552.1%
Kazakhstan86.660338162.7-10.2%
United Arab EmiratesN/AN/AN/A59.00%
SwitzerlandN/AN/AN/A42.40%
KyrgyzstanN/AN/A0.738.55400.0%
Latvia25.058.318629.05.1%
GeorgiaN/AN/AN/A28.80%
CanadaN/AN/AN/A24.60%
MalaysiaN/AN/A15.913.9-12.6%
Others4,4402,3216,698528-50.8%
Total4,6573,3507,5752,734-16.3%

Top Export Markets for Test Bench from Lithuania in 2022:

  1. Georgia (77.0 units)
  2. Kyrgyzstan (58.0 units)
  3. Australia (34.0 units)
  4. United Kingdom (32.0 units)
  5. Poland (29.0 units)
  6. Switzerland (29.0 units)
  7. United Arab Emirates (28.0 units)
  8. Kazakhstan (28.0 units)
  9. Uzbekistan (22.0 units)
  10. Latvia (20.0 units)
  11. Canada (18.0 units)
  12. Germany (16.0 units)
  13. Malaysia (11.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the test bench market in Lithuania. 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:

  • Lithuania

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Lithuania
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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