Northern America: Milking Machine Market 2024

Milking Machine Market Size in Northern America

The North American milking machine market reached $X in 2022, increasing by 10% against the previous year. In general, consumption showed a prominent expansion. 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 Northern America

In value terms, milking machine production rose remarkably to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 78% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Milking Machine Exports

Exports in Northern America

For the fifth consecutive year, Northern America recorded decline in overseas shipments of milking machines, which decreased by -6% to X units in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 202%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, milking machine exports dropped slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 202% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United States (X units) was the largest exporter of milking machines, creating 82% of total exports. It was distantly followed by Canada (X units), committing an 18% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of milking machines. At the same time, Canada (+6.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.5% from 2012-2022. While the share of Canada (+8.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-8.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest milking machine supplier in Northern America, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with a 7.5% share of total exports.

In the United States, milking machine exports increased at an average annual rate of +14.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, increasing by 5.3% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2020 an increase of 103%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.9%).

Milking Machine Imports

Imports in Northern America

After two years of decline, supplies from abroad of milking machines increased by 1.4% to X units in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, milking machine imports dropped to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -41.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 54% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Canada represented the key importer of milking machines in Northern America, with the volume of imports accounting for X units, which was approx. 77% of total imports in 2022. It was distantly followed by the United States (X units), creating a 23% share of total imports.

Canada was also the fastest-growing in terms of the milking machines imports, with a CAGR of +5.3% from 2012 to 2022. The United States (-9.2%) illustrated a downward trend over the same period. While the share of Canada (+34 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-34 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported milking machines in Northern America, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Canada stood at +10.0%.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, waning by -3.4% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milking machine import price increased by +51.6% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :