Malta: Steel Spring Market 2020

Steel Spring Market Size in Malta

The revenue of the steel spring market in Malta amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, steel spring consumption continues to indicate a notable increase. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the steel spring market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Steel Spring Exports

Exports from Malta

In 2018, approx. X kg of steel springs and leaves for springs were exported from Malta; shrinking by -X% against the previous year. Overall, steel spring exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Malta exports peaked at X kg in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, steel spring exports stood at $X in 2018. Over the period under review, steel spring exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Malta exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

The countries with the highest levels of steel spring exports in 2018 were Mexico (X tons), Germany (X tons), China (X tons) and the U.S. (X tons), together amounting to X% of total export. Turkey (X tons), the Czech Republic (X tons), Canada (X tons), Spain (X tons), Poland (X tons), Italy (X tons), France (X tons) and Japan (X tons) took a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest steel spring supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Germany stood at +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Mexico (+X% per year).

Export Prices by Country

In 2018, the steel spring export price in Malta amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the steel spring export price continues to indicate a measured shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the export prices for steel springs and leaves for springs reached their maximum at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Steel Spring Imports

Imports into Malta

Steel spring imports into Malta totaled X tons in 2018, growing by X% against the previous year. Over the period under review, steel spring imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. In that year, steel spring imports attained their peak of X tons. From 2016 to 2018, the growth of steel spring imports remained at a somewhat lower figure.

In value terms, steel spring imports totaled $X in 2018. In general, steel spring imports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Malta imports peaked at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), Mexico (X tons), China (X tons) and the UK (X tons) represented the key importers of steel springs and leaves for springs, together achieving X% of total imports. Canada (X tons), Poland (X tons), France (X tons), Russia (X tons), the Czech Republic (X tons), the Netherlands (X tons) and Belgium (X tons) occupied a minor share of total imports.

From 2007 to 2018, average annual rates of growth with regard to steel spring imports into the U.S. stood at -X%. At the same time, China (+X%), Russia (+X%), the Czech Republic (+X%), Poland (+X%), the UK (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Mexico and Belgium experienced a relatively flat trend pattern. By contrast, Germany (-X%), France (-X%) and Canada (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) and the UK (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Canada (-X p.p.) and the U.S. (-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. ($X), China ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Among the main importing countries, China experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The steel spring import price in Malta stood at $X per ton in 2018, waning by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. In that year, the import prices for steel springs and leaves for springs reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for steel springs and leaves for springs remained at a somewhat lower figure.

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

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

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Source: IndexBox Platform