Denmark: Milking Machine Market Overview 2020

Milking Machine Market Size in Denmark

The revenue of the milking machine market in Denmark amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, milking machine consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the milking machine market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Milking Machine Production in Denmark

In value terms, milking machine production stood at $X in 2018 estimated in export prices. Overall, milking machine production continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, milking machine production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Milking Machine Exports

Exports from Denmark

In 2018, the amount of milking machines exported from Denmark totaled X units, going down by -X% against the previous year. Over the period under review, milking machine exports continue to indicate a sharp descent. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, milking machine exports reached their peak of X units. From 2012 to 2018, the growth of milking machine exports remained at a lower figure.

In value terms, milking machine exports totaled $X in 2018. Over the period under review, milking machine exports continue to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, milking machine exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for milking machine exports from Denmark, accounting for a X% share of total exports. Moreover, milking machine exports to Norway exceeded the volume sent to the second major destination, Kuwait (X units), sevenfold. Uganda (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Uganda (+X% per year).

In value terms, Norway ($X) remains the key foreign market for milking machine exports from Denmark, comprising X% of total milking machine exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Norway totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the average milking machine export price amounted to $X per unit, rising by X% against the previous year. Overall, the milking machine export price continues to indicate extraordinary growth. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per unit in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Russia ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait, while the prices for the other major destinations experienced a decline.

Milking Machine Imports

Imports into Denmark

In 2018, the imports of milking machines into Denmark stood at X units, picking up by X% against the previous year. Overall, milking machine imports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. In that year, milking machine imports reached their peak of X units. From 2014 to 2018, the growth of milking machine imports remained at a somewhat lower figure.

In value terms, milking machine imports amounted to $X in 2018. Over the period under review, milking machine imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, New Zealand (X units) constituted the largest supplier of milking machine to Denmark, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from New Zealand stood at +X%.

In value terms, New Zealand ($X) constituted the largest supplier of milking machine to Denmark.

From 2007 to 2018, the average annual growth rate of value from New Zealand amounted to -X%.

Import Prices by Country

The average milking machine import price stood at $X per unit in 2018, jumping by X% against the previous year. Over the period under review, the milking machine import price, however, continues to indicate a sharp drop. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2007 to 2018, the rate of growth in terms of prices for New Zealand amounted to -X% per year.

Source: IndexBox AI Platform