Iceland: Milking Machine Market Overview 2020

Milking Machine Market Size in Iceland

The revenue of the milking machine market in Iceland amounted to $X in 2018, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, milking machine consumption, however, continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. In that year, the milking machine market reached its peak level of $X, and then declined slightly in the following year.

Milking Machine Exports

Exports by Country

The Netherlands was the key exporter of milking machines in the world, with the volume of exports recording X units, which was approx. X% of total exports in 2018. Sweden (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%). China (X units) and Turkey (X units) followed a long way behind the leaders.

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 Iceland were the Netherlands ($X), Germany ($X) and Sweden ($X), together comprising X% of total exports. Turkey and China lagged somewhat behind, together accounting for a further X experienced the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the milking machine export price in Iceland amounted to $X per unit, stabilizing at the previous year. Overall, the milking machine export price continues to indicate a relatively flat trend pattern.

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 into Iceland

In 2017, the amount of milking machines imported into Iceland stood at X units, rising by X% against the previous year. Over the period under review, milking machine imports continue to indicate extraordinary growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. In that year, milking machine imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, milking machine imports totaled $X in 2017. In general, milking machine imports continue to indicate a drastic setback. The pace of growth was the most pronounced in X when imports increased by X% y-o-y. Over the period under review, milking machine imports reached their maximum at $X in 2016, leveling off in the following year.

Imports by Country

The U.S. was the main importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Egypt (X units), constituting a X% share of total imports. Russia (X units), Ukraine (X units) and Lebanon (X units) followed a long way behind the leaders.

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

From 2007 to 2018, the average annual rate of growth in terms of value in Russia stood at -X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Iceland (-X% per year).

Import Prices by Country

The milking machine import price in Iceland stood at $X per unit in 2018, declining by -X% against the previous year. Overall, the milking machine import price continues to indicate a precipitous deduction. Iceland import price peaked at $X per unit in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; 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 AI Platform