Malta: Tractor Market 2020

Tractor Market Size in Malta

The revenue of the tractor market in Malta amounted to $X in 2018, going down 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). Overall, tractor consumption continues to indicate a temperate decrease. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Malta tractor consumption peaked at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Tractor Exports

Exports from Malta

In 2018, the exports of tractors from Malta amounted to X units, growing by X% against the previous year. Overall, tractor exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, tractor exports attained their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, tractor exports amounted to $X in 2018. Overall, tractor exports continue to indicate remarkable growth. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. In that year, tractor exports reached their peak of $X. From 2015 to 2018, the growth of tractor exports remained at a lower figure.

Exports by Country

The UK (X units), Japan (X units), Germany (X units), the U.S. (X units), Belarus (X units), India (X units), Italy (X units), South Korea (X units), China (X units), France (X units), Thailand (X units) and Turkey (X units) represented roughly X% of total exports of tractors in 2018.

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, Germany ($X), the U.S. ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Italy, the UK, France, India, South Korea, China, Belarus, Turkey, Thailand and Malta lagged somewhat behind, together comprising a further X the main exporting countries, Thailand recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The tractor export price in Malta stood at $X per unit in 2018, declining by -X% against the previous year. Overall, the tractor export price continues to indicate a deep shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices for tractors attained their maximum at $X per unit in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

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

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

Tractor Imports

Imports into Malta

In 2018, the amount of tractors imported into Malta amounted to X units, shrinking by -X% against the previous year. Overall, tractor imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, tractor imports attained their peak figure at X units in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, tractor imports totaled $X in 2018. Over the period under review, tractor imports continue to indicate a modest increase. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Malta imports peaked at $X in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

Imports by Country

Free Zones (X units) and the U.S. (X units) represented the main importers of tractors in 2018, resulting at near X% and X% of total imports, respectively. It was distantly followed by Germany (X units), constituting a X% share of total imports. France (X units), Ukraine (X units), Canada (X units), the UK (X units), the Netherlands (X units), Russia (X units), Italy (X units), Poland (X units) and Vietnam (X units) followed a long way behind the leaders.

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

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

In the U.S., tractor imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: France (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the tractor import price in Malta amounted to $X per unit, rising by X% against the previous year. Over the period under review, the tractor import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Malta import price peaked at $X per unit in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

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

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

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Source: IndexBox Platform