Milking Machine Market Overview in Greece
Market Overview
The Greek milking machine market rose to $
in 2019, increasing 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 saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.
In value terms, milking machine production reduced to $ in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production remained at a lower figure.
in 2019, increasing 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 saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.In value terms, milking machine production reduced to $
in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production remained at a lower figure.Consumption
In 2019, consumption of milking machines decreased by -% to tonnes, falling for the second consecutive year after four years of growth. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the consumption volume increased by % year-to-year. Over the period under review, consumption attained the peak volume at tonnes in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.
The revenue of the milking machine market in Greece stood at $ in 2019, with an increase of % 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 continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
% to tonnes, falling for the second consecutive year after four years of growth. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the consumption volume increased by % year-to-year. Over the period under review, consumption attained the peak volume at tonnes in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.The revenue of the milking machine market in Greece stood at $
in 2019, with an increase of % 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 continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the market value increased by % y-o-y. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for milking machine in Greece, 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in 2019. Greece domestic supply is expected to continue its growth.
% in 2007 to % in 2019. Greece domestic supply is expected to continue its growth.Trade Balance
Greece remains a net importer of milking machine; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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