Malta: Pig Iron Market 2020

Pig Iron Market Size in Malta

The revenue of the pig iron market in Malta amounted to $X in 2018, reducing by -X% against the previous year. In general, pig iron consumption continues to indicate a slight descent. The pace of growth was the most pronounced in 2016 when the market value increased by X% against the previous year. Malta pig iron consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Pig Iron Production in Malta

In value terms, pig iron production amounted to $X in 2018 estimated in export prices. Over the period under review, pig iron production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Malta pig iron production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Pig Iron Exports

Exports from Malta

In 2018, approx. X tons of pig iron and spiegeleisen were exported from Malta; increasing by X% against the previous year. Over the period under review, pig iron exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Malta exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, pig iron exports totaled $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, pig iron exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Russia (X tons) represented the main exporter of pig iron and spiegeleisen, generating X% of total exports. Ukraine (X tons) took the second position in the ranking, followed by Brazil (X tons) and India (X tons). All these countries together held approx. X% share of total exports. South Africa (X tons), China (X tons) and Germany (X tons) 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 Malta, while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest pig iron supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

In Russia, pig iron exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Ukraine (+X% per year) and Brazil (-X% per year).

Export Prices by Country

In 2018, the pig iron export price in Malta amounted to $X per ton, waning by -X% against the previous year. Overall, the pig iron export price continues to indicate an abrupt descent. The pace of growth was the most pronounced in 2017 when the export price decreased by -X% y-o-y. Over the period under review, the export prices for pig iron and spiegeleisen attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Average prices varied noticeably amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in South Africa ($X per ton) and Russia ($X per ton), while China ($X per ton) and India ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Pig Iron Imports

Imports into Malta

Pig iron imports into Malta stood at X kg in 2018, growing by X% against the previous year. Overall, pig iron imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, pig iron imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig iron imports totaled $X in 2018. Over the period under review, pig iron imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. In that year, pig iron imports attained their peak of $X. From 2012 to 2018, the growth of pig iron imports failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X tons) was the largest importer of pig iron and spiegeleisen, comprising X% of total imports. It was distantly followed by Italy (X tons) and Turkey (X tons), together comprising a X% share of total imports. Germany (X tons), Mexico (X tons), Taiwan, Chinese (X tons), Thailand (X tons), Spain (X tons), the Netherlands (X tons), Poland (X tons) and Belgium (X tons) occupied a relatively small share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), the Netherlands (+X%), Turkey (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Italy (-X%), Germany (-X%), Spain (-X%), Belgium (-X%), Taiwan, Chinese (-X%) and Thailand (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.), Turkey (+X p.p.) and Mexico (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Belgium (-X p.p.), Spain (-X p.p.), Taiwan, Chinese (-X p.p.), Thailand (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pig iron and spiegeleisen into Malta, comprising X% of global imports. The second position in the ranking was occupied by Italy ($X), with a X% share of global imports. It was followed by Turkey, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Turkey (+X% per year).

Import Prices by Country

The pig iron import price in Malta stood at $X per ton in 2018, lowering by -X% against the previous year. Overall, the pig iron import price continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, the import prices for pig iron and spiegeleisen reached their maximum at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform