Milking Machine Market Overview in Germany
In value terms, milking machine production stood at $172M in 2010 estimated in export prices. The total output value increased at an average annual rate of +9.5% over the period from 2007 to 2010; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2010 when production volume increased by 15% year-to-year. In that year, milking machine production attained its peak level and is likely to continue its growth in the immediate term.
The revenue of the milking machine market in Germany amounted to $35M in 2010, growing by 4.3% 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). The market value increased at an average annual rate of +3.2% from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by 4.5% against the previous year. Over the period under review, the milking machine market attained its maximum level in 2010 and is expected to retain its growth in the immediate term.