Malta: Crane Market 2020

Crane Market Size in Malta

The revenue of the crane market in Malta amounted to $X in 2018, remaining constant against the previous year. Overall, crane consumption continues to indicate a slight descent. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Malta crane consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Crane Production in Malta

In value terms, crane production amounted to $X in 2018 estimated in export prices. Overall, crane production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. In that year, crane production reached its peak level of $X. From 2009 to 2018, crane production growth remained at a somewhat lower figure.

Crane Exports

Exports from Malta

In 2018, the exports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane from Malta stood at X units, approximately reflecting the previous year. Over the period under review, crane exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Malta exports peaked at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, crane exports stood at $X in 2018. In general, crane exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Malta exports peaked at $X in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of crane exports in 2018 were Sierra Leone (X units), Saint Vincent and the Grenadines (X units), Italy (X units), China (X units) and Uganda (X units), together reaching X% of total export. Madagascar (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Austria (X%). Japan (X units), Germany (X units), the U.S. (X units) and Poland (X units) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Sierra Leone (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest crane markets from Malta were China ($X), Germany ($X) and Italy ($X), with a combined X% share of total exports. Japan, Austria, Poland, the U.S., Malta, Uganda, Sierra Leone, Saint Vincent and the Grenadines and Madagascar lagged somewhat behind, together comprising a further X Vincent and the Grenadines recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the crane export price in Malta amounted to $X per unit, jumping by X% against the previous year. Overall, the crane export price continues to indicate an outstanding expansion. The pace of growth was the most pronounced in 2012 when the export price increased by X% y-o-y. Malta export price peaked at $X per unit in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the export price figures.

Crane Imports

Imports into Malta

In 2018, the crane imports into Malta amounted to X units, going up by X% against the previous year. Over the period under review, crane imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Malta imports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, crane imports stood at $X in 2018. In general, crane imports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, crane imports reached their peak figure at $X in 2009; however, from 2010 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the United Arab Emirates (X units) represented the main importer of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, committing X% of total imports. Luxembourg (X units) occupied the second position in the ranking, followed by Qatar (X units), Free Zones (X units) and Ethiopia (X units). All these countries together held near X% share of total imports. Saudi Arabia (X units), Trinidad and Tobago (X units), Lao People's Democratic Republic (X units) and Iraq (X units) took a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to crane imports into the United Arab Emirates stood at +X%. At the same time, Luxembourg (+X%), Ethiopia (+X%), Lao People's Democratic Republic (+X%), Trinidad and Tobago (+X%), Qatar (+X%), Saudi Arabia (+X%), Iraq (+X%) and Free Zones (+X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The United Arab Emirates (+X p.p.), Luxembourg (+X p.p.), Qatar (+X p.p.), Ethiopia (+X p.p.), Free Zones (+X p.p.), Saudi Arabia (+X p.p.), Trinidad and Tobago (+X p.p.) and Lao People's Democratic Republic (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane into Malta, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by Qatar, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the United Arab Emirates stood at -X%. In the other countries, the average annual rates were as follows: Saudi Arabia (-X% per year) and Qatar (-X% per year).

Import Prices by Country

The crane import price in Malta stood at $X per unit in 2018, lowering by -X% against the previous year. Overall, the crane import price continues to indicate a measured contraction. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. In that year, the import prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Saudi Arabia ($X per unit), while Free Zones ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iraq, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform