Milking machines market in Greece

Earlier Report Observations

The milking machine market in Greece saw a remarkable expansion from 2018 to 2021. Market volume surged from 170 units to 851 units, with the most pronounced leap occurring in 2019 when it increased more than fourfold. Domestic production mirrored this trend, rising from 309 units to 835 units over the same period.

During 2020, the market was influenced by the publication of assessments and rankings of the most efficient milking machines for cattle and small ruminants. These evaluations, which highlighted top-performing brands like Burenka, informed farmer purchasing decisions and likely encouraged the adoption of newer, more effective equipment, supporting steady market growth.

In monetary terms, the market's value increased from $4.4 million to $8.1 million between 2018 and 2021, indicating not only higher sales volumes but also a potential shift toward more advanced and costly machinery.

Production milking machines in Greece

In value, 2017-2020, K $ US

Greece's milking machine production has increased for the third consecutive year. In 2020, the output of milking machines in Greece was valued at 7 065 thousand US dollars, marking a 10.7% increase compared to 2019. From 2017 to 2020, production surged by 176.7%, which translates to an annualized growth rate of 40.4%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

In kind, 2017-2020, unit

Greece's milking machine production has risen for the third year in a row. In 2020, Greece produced 767.0 units of milking machines, showing a modest gain of 8.5% from the previous year. Over the period from 2017 to 2020, production increased by 476.7%, with a compound annual growth rate of 79.3%.

Annual dynamics of production in Greece in kind, 2017-2020, unit

Exports milking machines from Greece

Exports in kind, unit

The market displayed an unstable trend throughout the timeframe. Import levels fluctuated significantly, with a 1.9-fold difference between the low in 2017 and the high in 2018. In 2020, milking machine exports from Greece reached 15.10 units, indicating a sharp advance of 1,971.2% from the year before. The maximum value was recorded in 2018 at 140.17 units, while the largest decline occurred in 2019 with a drop of 99.5%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, unit

From 2017 to 2020, Albania, the United Arab Emirates, and Bulgaria were the core destinations for Greece's milking machine exports in kind. Albania accounted for 30.8% of exports, the United Arab Emirates for 30.8%, and Bulgaria for 7.7%, together representing 69.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

In 2020, milking machine exports from Greece amounted to 348 thousand US dollars, reflecting an abrupt contraction of 51.6% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 63.8%, with a compound annual growth rate of -28.7%. The largest increase was recorded in 2019 at 12.8%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, the United Arab Emirates, Russia, and Bulgaria were among the largest buyers of milking machines from Greece in value terms. The United Arab Emirates accounted for 21.6% of exports, Russia for 14.7%, and Bulgaria for 8.4%. Together, they represented just 44.7% of total exports, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports milking machines to Greece

Imports in kind, unit

The market showed signs of volatility over the observed period. Imports peaked in 2017 and fell to their lowest point in 2018, with a swing of 27 times. In 2020, Greece's milking machine import volume reached 17.00 units, reflecting a decline of 15.2% compared to the previous year. The minimum value was recorded in 2018 at 0.90 units. The largest decline occurred in 2018 with a drop of 96.2%, while the largest increase was in 2019 at 2,122.8%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, unit

Throughout 2017 to 2020, Turkey, Italy, and Belgium formed the core group of markets for Greece's milking machine imports in kind. Turkey accounted for 26.7% of imports, Italy for 20.0%, and Belgium for 20.0%, together representing 66.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Imports peaked in 2018 and bottomed in 2020, with a 2.5-fold difference between these years. In 2020, milking machine shipments to Greece from abroad amounted to 631 thousand US dollars, representing a steep decline of 40.4% versus the previous year. The maximum value was recorded in 2018 at 1 559 thousand US dollars, and the largest increase occurred in 2018 at 103.8%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, Belgium, Turkey, and the Netherlands formed the core group of markets for Greece's milking machine imports in value terms. Belgium accounted for 27.9% of imports, Turkey for 21.6%, and the Netherlands for 20.5%, together representing 70.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020