Milking Machine Market Overview in Germany
In value terms, milking machine production reduced to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. As a result, production attained the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.
The revenue of the milking machine market in Germany fell 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, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market failed to regain the momentum.