Milking Machine Market Overview in Hungary
In value terms, milking machine production contracted to $ in 2019 estimated in export prices. In general, production, however, showed a slight reduction. The pace of growth appeared the most rapid in 2008 when the production volume increased by % y-o-y. 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 Hungary amounted to $ in 2019, almost unchanged from 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). Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.