Malta: Soap Market 2020

Soap Market Size in Malta

The revenue of the soap market in Malta amounted to $X in 2017, growing by X% against the previous year. In general, soap consumption, however, continues to indicate a remarkable growth. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the soap market reached its peak level, and is likely to continue its growth in the immediate term.

Soap Production in Malta

In value terms, soap production amounted to $X in 2017 estimated in export prices. Overall, soap production continues to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2010, when the output figure increased by X% against the previous year. Soap production peaked at $X in 2015; however, from 2016 to 2017, production failed to regain its momentum.

Soap Exports

Exports from Malta

In 2017, approx. X tons of soap were exported from Malta; going up by X% against the previous year. In general, soap exports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2011, when exports increased by X% year-to-year. Exports peaked at X tons in 2014; however, from 2015 to 2017, exports remained at a lower figure.

In value terms, soap exports totaled $X in 2017. Over the period under review, soap exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when exports increased by X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2017, exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for soap exports from Malta, accounting for a X% share of total exports. Moreover, soap exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), fourfold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Italy (+X% per year).

In value terms, the largest markets for soap exported from Malta were Germany ($X), Belgium ($X) and Libya ($X), together comprising X% of total exports. Italy and Tunisia lagged somewhat behind, together comprising a further X terms of the main countries of destination, Tunisia recorded the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soap export price stood at $X per ton in 2017, declining by -X% against the previous year. In general, the soap export price continues to indicate a pronounced drop. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. In that year, the average export prices for soap reached their peak level of $X per ton. From 2009 to 2017, the growth in terms of the average export prices for soap remained at a lower figure.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Belgium ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Libya, while the export prices for the other major destinations experienced mixed trend patterns.

Soap Imports

Imports into Malta

Soap imports into Malta stood at X tons in 2017, growing by X% against the previous year. Overall, soap imports, however, continue to indicate an abrupt slump. The pace of growth was the most pronounced in 2017, when imports increased by X% against the previous year. Over the period under review, soap imports reached their maximum at X tons in 2007; however, from 2008 to 2017, imports failed to regain their momentum.

In value terms, soap imports totaled $X in 2017. In general, soap imports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017, when imports increased by X% y-o-y. In that year, soap imports attained their peak , and are likely to continue its growth in the immediate term.

Imports by Country

In 2017, the UK (X tons) constituted the largest supplier of soap to Malta, accounting for a X% share of total imports. Moreover, soap imports from the UK exceeded the figures recorded by the second largest supplier, Italy (X tons), twofold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2017, the average annual growth rate of volume from the UK amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Germany (-X% per year).

In value terms, the largest soap suppliers to Malta were the UK ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by Israel, Spain, Greece, Turkey, Belgium, the U.S. and the United Arab Emirates, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soap import price stood at $X per ton in 2017, dropping by -X% against the previous year. In general, the soap import price, however, continues to indicate a skyrocketing expansion. The growth pace was the most rapid in 2015, when the average import price increased by X% year-to-year. In that year, the average import prices for soap reached their peak level of $X per ton. From 2016 to 2017, the growth in terms of the average import prices for soap remained at a lower figure.

Import prices varied noticeably by the country of origin; the country with the highest import price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Belgium, while the import prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform