Milking Machine Market Overview in Denmark
Market Overview
After two years of growth, the Danish milking machine market decreased by -
% to $ in 2019. Over the period under review, consumption, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
In value terms, milking machine production shrank rapidly to $ in 2019 estimated in export prices. In general, production showed a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Milking machine production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
% to $ in 2019. Over the period under review, consumption, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the market value increased by % year-to-year. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.In value terms, milking machine production shrank rapidly to $
in 2019 estimated in export prices. In general, production showed a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Milking machine production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.Consumption
In 2019, approx. tonnes of milking machines were consumed in Denmark; picking up by % on the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Milking machine consumption peaked at tonnes in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
The revenue of the milking machine market in Denmark reduced modestly to $ in 2019, shrinking by -% 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). In general, consumption, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. Milking machine consumption peaked at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
tonnes of milking machines were consumed in Denmark; picking up by % on the previous year. Over the period under review, consumption, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Milking machine consumption peaked at tonnes in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.The revenue of the milking machine market in Denmark reduced modestly to $
in 2019, shrinking by -% 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). In general, consumption, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the market value increased by % year-to-year. Milking machine consumption peaked at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for milking machine in Denmark, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Denmark increased significantly over the last twelve-year period (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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