Price for Milking Machines and Dairy Machinery in Ireland - 2023

Contents:

  1. Price for Milking Machines and Dairy Machinery in Ireland (CIF) - 2022
  2. Price for Milking Machines and Dairy Machinery in Ireland (FOB) - 2023
  3. Imports of Milking Machines and Dairy Machinery in Ireland
  4. Exports of Milking Machines and Dairy Machinery in Ireland

Price for Milking Machines and Dairy Machinery in Ireland (CIF) - 2022

In 2022, the average import price for milking machines and dairy machineries amounted to $4,153 per unit, approximately mirroring the previous year. Over the period under review, the import price recorded notable growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 23%. Over the period under review, average import prices attained the maximum at $4,981 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($14,843 per unit), while the price for Italy ($1,651 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Milking Machines and Dairy Machinery in Ireland (FOB) - 2023

In August 2023, the average export price for milking machines and dairy machineries amounted to $2,386 per unit, declining by -35% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 108% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,673 per unit in July 2023, and then declined significantly in the following month.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($4,401 per unit), while the average price for exports to Canada ($946 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Milking Machines and Dairy Machinery in Ireland

For the third consecutive year, Ireland recorded decline in overseas purchases of milking machines and dairy machineries, which decreased by 0% to 11K units in 2022. Overall, imports saw a deep reduction. The smallest decline of -37% was in 2020. Over the period under review, imports reached the maximum at 18K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, milking machines and dairy machinery imports stood at $47M in 2022. In general, imports continue to indicate a deep downturn. The smallest decline of -40.8% was in 2020. Over the period under review, imports hit record highs at $80M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Milking Machines and Dairy Machinery in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands16.313.5N/A15.5-1.7%
United Kingdom18.39.7N/A6.8-28.1%
Denmark6.00.8N/A6.42.2%
New Zealand14.44.9N/A6.2-24.5%
Belgium2.02.5N/A2.00.0%
Germany6.54.3N/A1.8-34.8%
Italy0.63.2N/A1.638.7%
China0.71.0N/A1.631.7%
Spain0.40.2N/A1.244.2%
Sweden6.01.4N/A0.9-46.9%
Switzerland6.2N/AN/AN/A0%
Others2.35.7N/A2.64.2%
Total79.847.2N/A46.7-16.4%

Top Suppliers of Milking Machines and Dairy Machinery to Ireland in 2022:

  1. United Kingdom (2.4K units)
  2. Netherlands (2.2K units)
  3. New Zealand (2.1K units)
  4. Italy (1.0K units)
  5. Spain (0.7K units)
  6. Belgium (0.6K units)
  7. China (0.6K units)
  8. Denmark (0.4K units)
  9. Germany (0.4K units)
  10. Sweden (0.1K units)

Exports of Milking Machines and Dairy Machinery in Ireland

In 2022, shipments abroad of milking machines and dairy machineries decreased by 0% to 11K units, falling for the second consecutive year after two years of growth. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 0.6%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, milking machines and dairy machinery exports stood at $25M in 2022. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 14% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Export of Milking Machines and Dairy Machinery in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom7.05.6N/A9.912.2%
Netherlands2.53.6N/A3.916.0%
United States1.52.1N/A2.924.6%
Germany2.01.9N/A2.34.8%
Italy0.10.1N/A0.9108.0%
Russia0.40.8N/A0.931.0%
France0.40.6N/A0.720.5%
China1.11.4N/A0.7-14.0%
New Zealand0.50.8N/A0.4-7.2%
Others2.02.9N/A1.9-1.7%
Total17.419.8N/A24.712.4%

Top Export Markets for Milking Machines and Dairy Machinery from Ireland in 2022:

  1. United Kingdom (4.9K units)
  2. Netherlands (2.0K units)
  3. United States (1.7K units)
  4. Italy (0.3K units)
  5. France (0.3K units)
  6. Germany (0.3K units)
  7. China (0.3K units)
  8. Russia (0.3K units)
  9. New Zealand (0.2K units)

Source: IndexBox Market Intelligence Platform

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