South-Eastern Asia: Milking Machine Market 2024

Milking Machine Market Size in South-Eastern Asia

In 2022, the Southeast Asian milking machine market decreased by -9.2% to $X, falling for the fourth consecutive year after four years of growth. In general, consumption, however, posted a noticeable expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Milking Machine Production in South-Eastern Asia

In value terms, milking machine production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 60%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Milking Machine Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded decline in shipments abroad of milking machines, which decreased by -5.9% to X units in 2022. In general, exports recorded a sharp decrease. The growth pace was the most rapid in 2018 with an increase of 233%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, milking machine exports rose markedly to $X in 2022. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by 216%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Timor-Leste (X units), distantly followed by Indonesia (X units), Singapore (X units) and Malaysia (X units) represented the largest exporters of milking machines, together making up 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Timor-Leste (with a CAGR of +19.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Timor-Leste ($X) remains the largest milking machine supplier in South-Eastern Asia, comprising 87% of total exports. The second position in the ranking was held by Singapore ($X), with a 7% share of total exports. It was followed by Indonesia, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Timor-Leste stood at +41.1%. In the other countries, the average annual rates were as follows: Singapore (-32.7% per year) and Indonesia (-9.8% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, increasing by 13% against the previous year. Over the period under review, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2019 an increase of 133% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Timor-Leste ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Timor-Leste (+17.9%), while the other leaders experienced mixed trends in the export price figures.

Milking Machine Imports

Imports in South-Eastern Asia

In 2022, milking machine imports in South-Eastern Asia contracted markedly to X units, with a decrease of -33% compared with the year before. Over the period under review, imports saw a noticeable decrease. The pace of growth was the most pronounced in 2018 with an increase of 48%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, milking machine imports fell markedly to $X in 2022. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 106%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia represented the largest importer of milking machines in South-Eastern Asia, with the volume of imports amounting to X units, which was approx. 37% of total imports in 2022. It was distantly followed by Vietnam (X units), Thailand (X units), Lao People's Democratic Republic (X units) and Malaysia (X units), together mixing up a 57% share of total imports. Myanmar (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +9.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Vietnam ($X), Lao People's Democratic Republic ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 78% share of total imports.

Indonesia, with a CAGR of +8.8%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, rising by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the import price increased by 39%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Lao People's Democratic Republic ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+19.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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