Milking Machine Market Overview in Germany
In value terms, milking machine production dropped to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2019, and then fell in the following year.
The size of the milking machine market in Germany dropped remarkably to $ in , which is down 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). Over the period under review, consumption continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2019 with an increase of % year-to-year. Milking machine consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.