Germany - Milking Machines - Market Analysis, Forecast, Size, Trends and Insights
Germany Still Remains The Leader In EU Milking Machines Production
The German milking machines market had total revenues of 254 million EUR in 2013, representing a compound annual growth rate (CAGR) of 12% from 2007 to 2013. However, in physical terms, the market showed a decline by 5% over the period under review. A dramatic plunge was observed in 2009, when the market fell by 33% to 2.5 thousand units. Despite this fall, Germany remains one of the EU leaders in milking machines production.
In 2013 production stood at 176 million EUR, dropping by 1% as compared with the previous year. In physical terms Germany's production was subject to annual declines of 8%: from 3,710 units in 2007 to 2,319 units in 2013.
The Netherlands and Sweden were the main suppliers of milking machines into Germany, with a combined share of 94% of total imports in 2013. However, the fastest growing suppliers from 2007 to 2013 were China (+60.9% per year) and Turkey (+43.7% per year). The Netherlands significantly strengthened its position in the German import structure, from 48% in 2007 to 53% in 2013.
In 2013, Belarus (24.3%), Russia (17.0%), Canada (12.5%), the Netherlands (7.5%) and the USA (7.4%) were the leading destinations of German exports, together making up 68.7% of total exports in value terms. While the share of Belarus increased, the share of Russia illustrated negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the milking machine market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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