Latvia: Milking Machine Market 2020

Milking Machine Market Size in Latvia

The revenue of the milking machine market in Latvia amounted to $X in 2018, remaining relatively unchanged against the previous year. Over the period under review, milking machine consumption continues to indicate a slight slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Latvia milking machine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Milking Machine Production in Latvia

In value terms, milking machine production stood at $X in 2018 estimated in export prices. Over the period under review, milking machine production continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when production volume increased by X% year-to-year. In that year, milking machine production attained its peak level of $X. From 2016 to 2018, milking machine production growth remained at a lower figure.

Milking Machine Exports

Exports from Latvia

In 2018, the exports of milking machines from Latvia totaled X units, reducing by -X% against the previous year. Overall, milking machine exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, milking machine exports reached their peak figure at X units in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, milking machine exports totaled $X in 2018. In general, milking machine exports continue to indicate a precipitous downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, milking machine exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The Netherlands represented the main exporting country with an export of around X units, which recorded X% of total exports. Sweden (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%). The following exporters - China (X units) and Turkey (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Sweden ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Turkey, China and Latvia, which together accounted for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the milking machine export price in Latvia amounted to $X per unit, waning by -X% against the previous year. Over the period under review, the milking machine export price continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. In that year, the export prices for milking machines attained their peak level of $X per unit. From 2016 to 2018, the growth in terms of the export prices for milking machines remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Turkey ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced mixed trends in the export price figures.

Milking Machine Imports

Imports into Latvia

In 2018, the milking machine imports into Latvia amounted to X units, growing by X% against the previous year. Over the period under review, milking machine imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Latvia imports peaked at X units in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

In value terms, milking machine imports amounted to $X in 2018. Overall, milking machine imports continue to indicate slight growth. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Latvia imports peaked at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X units) was the key importer of milking machines, making up X% of total imports. It was distantly followed by Egypt (X units), comprising a X% share of total imports. The following importers - Russia (X units), Ukraine (X units) and Lebanon (X units) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Lebanon (+X%), Egypt (+X%), Ukraine (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of the U.S., Egypt, Russia, Ukraine and Lebanon increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported milking machines into Latvia, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Ukraine, with a X% share.

In Russia, milking machine imports contracted by an average annual rate of -X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Ukraine (-X% per year).

Import Prices by Country

In 2018, the milking machine import price in Latvia amounted to $X per unit, picking up by X% against the previous year. Overall, the milking machine import price, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, the import prices for milking machines reached their maximum at $X per unit in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform