Southern Asia: Milking Machine Market 2024

Milking Machine Market Size in Southern Asia

The South Asian milking machine market was estimated at $X in 2022, growing by 3.1% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.6% against 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Milking Machine Production in Southern Asia

In value terms, milking machine production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw strong growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 52% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Milking Machine Exports

Exports in Southern Asia

In 2022, the amount of milking machines exported in Southern Asia plummeted to X units, reducing by -25.1% against the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 729%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, milking machine exports reduced rapidly to $X in 2022. In general, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of 523% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, India (X units) was the main exporter of milking machines, making up 73% of total exports. It was distantly followed by Sri Lanka (X units), committing a 25% share of total exports. Pakistan (X units) followed a long way behind the leaders.

India experienced a relatively flat trend pattern with regard to volume of exports of milking machines. At the same time, Sri Lanka (+54.8%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +54.8% from 2012-2022. By contrast, Pakistan (-23.7%) illustrated a downward trend over the same period. Sri Lanka (+25 p.p.) and India (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -30.2% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest milking machine supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +6.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-12.5% per year) and Sri Lanka (-16.0% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, falling by -28.5% against the previous year. Overall, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then fell markedly in the following year.

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 India ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.3%), while the other leaders experienced mixed trends in the export price figures.

Milking Machine Imports

Imports in Southern Asia

In 2022, purchases abroad of milking machines increased by 6.7% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 54%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, milking machine imports totaled $X in 2022. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 77% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X units) was the main importer of milking machines, making up 42% of total imports. It was distantly followed by India (X units), Bangladesh (X units) and Nepal (X units), together creating a 51% share of total imports. The following importers - Sri Lanka (X units) and Afghanistan (X units) - each amounted to a 6.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +53.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) constitutes the largest market for imported milking machines in Southern Asia, comprising 62% of total imports. The second position in the ranking was taken by India ($X), with a 20% share of total imports. It was followed by Nepal, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan totaled +4.4%. The remaining importing countries recorded the following average annual rates of imports growth: India (-17.1% per year) and Nepal (+11.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, which is down by -1.7% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 +73.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the import price increased by 55%. The level of import peaked at $X per unit in 2021, and then reduced modestly in the following year.

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 Pakistan ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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