In 2023, Germany led European sold production of parts for milking machines and dairy machinery, reaching 98.374 million euros, followed by Sweden and the Netherlands. While Germany saw a 5.71% increase, Sweden experienced a slight decline of 0.99%. The Netherlands saw an 8.14% growth, highlighting a robust market. Italy and the UK also showed positive trends with 7.19% and 1.55% growth, respectively. Denmark and Spain faced contractions, with Denmark decreasing by 6.65% and Spain slightly declining by 0.092%. Hungary grew modestly by 4.11%, although France and Greece contributed lesser values.
Future trends to watch:
- The impact of technological advancements on production efficiency.
- Potential shifts in European dairy consumption patterns affecting machinery demand.
- Trade policies influencing cross-border sales and production forecasts.
- Sustainability initiatives driving innovation in dairy machinery parts.
Top countries in Sold Production of Parts for Milking Machines and Dairy Machinery by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 98,374,000 | 2023 | +1.75% | +5.71% | View data |
| 2 | 2 Sweden | 85,867,000 | 2023 | +15.91% | -0.99% | View data |
| 3 | 3 Netherlands | 26,879,000 | 2023 | +6.07% | +8.14% | View data |
| 4 | 4 United Kingdom | 24,229,000 | 2023 | +1.47% | +1.55% | View data |
| 5 | 5 Italy | 15,786,000 | 2023 | +3.3% | +7.19% | View data |
| 6 | 6 Denmark | 12,920,000 | 2023 | -9.88% | -6.65% | View data |
| 7 | 7 Spain | 10,194,000 | 2023 | +2.17% | -0.092% | View data |
| 8 | 8 France | 3,526,000 | 2021 | -15.88% | View data | |
| 9 | 9 Hungary | 1,942,500 | 2023 | +3.93% | +4.11% | View data |
| 10 | 10 Greece | 819,000 | 2021 | +31.63% | View data |
