EU: Milking Machine Market 2024

Milking Machine Market Size in the EU

In 2022, the EU milking machine market decreased by -8.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

Milking Machine Production in the EU

In value terms, milking machine production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Milking Machine Exports

Exports in the EU

In 2022, shipments abroad of milking machines was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 61%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, milking machine exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 52%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X units) and Sweden (X units) were the main exporters of milking machines in the European Union, together making up 70% of total exports. It was distantly followed by Germany (X units), mixing up a 19% share of total exports. The following exporters - Ireland (X units) and France (X units) - together made up 6.2% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sweden (with a CAGR of +44.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Sweden ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 93% share of total exports.

Sweden, with a CAGR of +30.2%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with a decrease of -4.8% against the previous year. In general, the export price recorded a mild decline. The pace of growth appeared the most rapid in 2020 when the export price increased by 16%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+1.7%), while the other leaders experienced a decline in the export price figures.

Milking Machine Imports

Imports in the EU

After two years of decline, supplies from abroad of milking machines increased by 5.9% to X units in 2022. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when imports increased by 56% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, milking machine imports stood at $X in 2022. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2019 with an increase of 74%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) and France (X units) were the largest importers of milking machines in the European Union, together comprising 52% of total imports. The Netherlands (X units) took the next position in the ranking, followed by Denmark (X units) and Italy (X units). All these countries together took near 21% share of total imports. Belgium (X units), Ireland (X units), Romania (X units), Austria (X units), the Czech Republic (X units), Sweden (X units), Spain (X units) and Hungary (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together comprising 56% of total imports. These countries were followed by Denmark, the Netherlands, Belgium, Sweden, Austria, Ireland, the Czech Republic, Hungary, Spain and Romania, which together accounted for a further 35%.

Ireland, with a CAGR of +26.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, shrinking by -4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 12% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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