Middle East: Milking Machine Market 2024

Milking Machine Market Size in the Middle East

The Middle Eastern milking machine market expanded remarkably to $X in 2022, growing by X% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Milking Machine Production in the Middle East

In value terms, milking machine production expanded to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Milking Machine Exports

Exports in the Middle East

Milking machine exports stood at X units in 2022, with an increase of X% on the year before. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, milking machine exports stood at $X in 2022. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Israel (X units), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of X%).

In value terms, Israel ($X) remains the largest milking machine supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Israel amounted to X%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%).

Milking Machine Imports

Imports in the Middle East

In 2022, milking machine imports in the Middle East expanded remarkably to X units, with an increase of X% against the previous year's figure. Overall, imports showed strong growth. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, milking machine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait dominates imports structure, resulting at X units, which was approx. X% of total imports in 2022. Jordan (X units) held the second position in the ranking, followed by Iran (X units). All these countries together took approx. X% share of total imports. Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to milking machine imports into Kuwait stood at X%. At the same time, Iran (X%), Lebanon (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Kuwait (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jordan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported milking machines in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with an X% share of total imports. It was followed by Kuwait, with a X% share.

In Iran, milking machine imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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