Lithuania: Milking Machine Market 2020

Milking Machine Market Size in Lithuania

The revenue of the milking machine market in Lithuania amounted to $X in 2018, remaining stable against the previous year. Overall, milking machine consumption continues to indicate a significant shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Lithuania milking machine consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Milking Machine Production in Lithuania

In value terms, milking machine production amounted to $X in 2018 estimated in export prices. Over the period under review, milking machine production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2010 when production volume increased by X% against the previous year. Over the period under review, milking machine production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Milking Machine Exports

Exports from Lithuania

Milking machine exports from Lithuania stood at X units in 2018, jumping by X% against the previous year. In general, milking machine exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. In that year, milking machine exports attained their peak of X units. From 2016 to 2018, the growth of milking machine exports remained at a somewhat lower figure.

In value terms, milking machine exports stood at $X in 2018. Over the period under review, milking machine exports continue to indicate an outstanding expansion. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. In that year, milking machine exports attained their peak of $X. From 2015 to 2018, the growth of milking machine exports remained at a lower figure.

Exports by Country

The Netherlands represented the major exporting country with an export of about X units, which amounted to X% of total exports. Sweden (X units) held a X% share (based on tons) of total exports, which put it in second place, 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 largest milking machine markets from Lithuania were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total exports. These countries were followed by Turkey, China and Lithuania, which together accounted for a further X experienced the highest growth rate of exports, in terms of 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 Lithuania amounted to $X per unit, growing by X% against the previous year. Overall, the milking machine export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% year-to-year. In that year, the export prices for milking machines reached their peak level of $X per unit. From 2015 to 2018, the growth in terms of the export prices for milking machines remained at a lower figure.

Prices varied noticeably by the country of origin; 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 Lithuania

In 2018, the imports of milking machines into Lithuania amounted to X units, picking up by X% against the previous year. Over the period under review, milking machine imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Lithuania imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, milking machine imports totaled $X in 2018. Over the period under review, milking machine imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, milking machine imports reached their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X units) represented the main importer of milking machines, creating X% of total imports. It was distantly followed by Egypt (X units), mixing up 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. The U.S. (+X p.p.), Egypt (+X p.p.), Russia (+X p.p.), Ukraine (+X p.p.) and Lebanon (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in Russia totaled -X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Lithuania (+X% per year).

Import Prices by Country

The milking machine import price in Lithuania stood at $X per unit in 2018, declining by -X% against the previous year. Over the period under review, the milking machine import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2012 when the import price increased by X% y-o-y. Over the period under review, the import prices for milking machines attained their peak figure at $X per unit in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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