Eastern Europe: Milking Machine Market 2024

Milking Machine Market Size in Eastern Europe

The East European milking machine market rose notably to $X in 2022, with an increase of 15% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Milking Machine Production in Eastern Europe

In value terms, milking machine production shrank slightly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Milking Machine Exports

Exports in Eastern Europe

In 2022, milking machine exports in Eastern Europe surged to X units, jumping by 28% on the previous year's figure. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, milking machine exports fell modestly to $X in 2022. In general, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 58%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Russia (X units) represented the main exporter of milking machines, constituting 55% of total exports. Lithuania (X units) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Poland (10%) and Belarus (6.1%). Romania (X units) took a minor share of total exports.

Exports from Russia increased at an average annual rate of +12.7% from 2012 to 2022. At the same time, Romania (+44.2%), Lithuania (+3.6%) and Poland (+1.0%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +44.2% from 2012-2022. By contrast, Belarus (-18.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Lithuania increased by +39 and +6.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lithuania ($X), Russia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined 87% share of total exports. Belarus and Romania lagged somewhat behind, together comprising a further 5.2%.

Romania, with a CAGR of +37.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, falling by -23.8% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2018 when the export price increased by 31% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+2.8%), while the other leaders experienced a decline in the export price figures.

Milking Machine Imports

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in supplies from abroad of milking machines, which increased by 62% to X units in 2022. Over the period under review, imports recorded a moderate expansion. The growth pace was the most rapid in 2018 when imports increased by 79%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, milking machine imports surged to $X in 2022. Overall, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, resulting at X units, which was approx. 74% of total imports in 2022. It was distantly followed by Belarus (X units), comprising a 4.9% share of total imports. The following importers - Romania (X units), the Czech Republic (X units), Hungary (X units), Lithuania (X units), Ukraine (X units), Poland (X units) and Bulgaria (X units) - together made up 19% of total imports.

Imports into Russia increased at an average annual rate of +5.8% from 2012 to 2022. At the same time, Lithuania (+20.3%), Hungary (+18.6%), Bulgaria (+16.9%) and the Czech Republic (+12.2%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +20.3% from 2012-2022. Romania experienced a relatively flat trend pattern. By contrast, Poland (-2.6%), Ukraine (-4.4%) and Belarus (-10.8%) illustrated a downward trend over the same period. Russia (+15 p.p.), Lithuania (+2.3 p.p.), Hungary (+2.3 p.p.) and the Czech Republic (+2 p.p.) significantly strengthened its position in terms of the total imports, while Poland, Romania, Ukraine and Belarus saw its share reduced by -1.5%, -1.6%, -2.6% and -16.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported milking machines in Eastern Europe, comprising 41% of total imports. The second position in the ranking was held by Belarus ($X), with a 17% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at -2.0%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-9.7% per year) and the Czech Republic (+11.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, waning by -26.9% against the previous year. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in 2019 an increase of 18% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per unit), while Russia ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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