Estonia: Milking Machine Market 2020

Milking Machine Market Size in Estonia

The revenue of the milking machine market in Estonia amounted to $X in 2018, increasing by X% against the previous year. Overall, milking machine consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the milking machine market attained its peak figure level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Milking Machine Production in Estonia

In value terms, milking machine production stood at $X in 2018 estimated in export prices. Overall, milking machine production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Estonia milking machine production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Milking Machine Exports

Exports from Estonia

In 2018, approx. X units of milking machines were exported from Estonia; shrinking by -X% against the previous year. In general, milking machine exports continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, milking machine exports reached their peak figure at X units in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

In value terms, milking machine exports totaled $X in 2018. Overall, milking machine exports continue to indicate outstanding growth. The growth pace was the most rapid in 2008 when exports increased by X% year-to-year. In that year, milking machine exports reached their peak of $X. From 2009 to 2018, the growth of milking machine exports remained at a somewhat lower figure.

Exports by Country

The Netherlands was the main exporter of milking machines in the world, with the volume of exports accounting for X units, which was near X% of total exports in 2018. Sweden (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%). The following exporters - China (X units) and Turkey (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest milking machine markets from Estonia were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total exports. These countries were followed by Turkey, China and Estonia, which together accounted for a further X terms of the main exporting countries, Estonia experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The milking machine export price in Estonia stood at $X per unit in 2018, growing by X% against the previous year. In general, the milking machine export price continues to indicate an outstanding increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Estonia export price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Turkey ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Turkey, while the other leaders experienced mixed trends in the export price figures.

Milking Machine Imports

Imports by Country

In 2018, the U.S. (X units) was the major importer of milking machines, making up X% of total imports. It was distantly followed by Egypt (X units), generating a X% share of total imports. Russia (X units), Ukraine (X units) and Lebanon (X units) took a relatively small share of total imports.

From 2007 to 2018, average annual rates of growth with regard to milking machine imports into the U.S. stood at +X%. At the same time, Lebanon (+X%), Egypt (+X%), Ukraine (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. While the share of the U.S. (+X p.p.), Egypt (+X p.p.), Russia (+X p.p.), Ukraine (+X p.p.) and Lebanon (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported milking machines into Estonia, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Ukraine, with a X% share.

In Russia, milking machine imports decreased by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Ukraine (-X% per year).

Import Prices by Country

The milking machine import price in Estonia stood at $X per unit in 2018, lowering by -X% against the previous year. In general, the milking machine import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for milking machines reached their peak figure at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Russia ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform