Malta: Truck Market 2020

Truck Market Size in Malta

The revenue of the truck market in Malta amounted to $X in 2018, declining 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, truck consumption, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. In that year, the truck market attained its peak level of $X. From 2016 to 2018, the growth of the truck market remained at a lower figure.

Truck Exports

Exports from Malta

In 2018, approx. X units of trucks were exported from Malta; increasing by X% against the previous year. In general, truck exports, however, continue to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, truck exports reached their maximum at X units in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, truck exports totaled $X in 2018. Overall, truck exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, truck exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the main exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Mexico (X units) and the U.S. (X units), together mixing up a X% share of total exports. Japan (X units), France (X units), Germany (X units), Turkey (X units), Italy (X units), Spain (X units), South Africa (X units), Belgium (X units) and Argentina (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the trucks exports, with a CAGR of +X% from 2007 to 2018. At the same time, Argentina (+X%), France (+X%), Turkey (+X%), Belgium (+X%) and South Africa (+X%) displayed positive paces of growth. By contrast, Japan (-X%), Spain (-X%), Mexico (-X%), Italy (-X%), Germany (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.), the U.S. (-X p.p.) and Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest truck markets from Malta were Mexico ($X), the U.S. ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Thailand, France, Japan, Spain, Italy, Turkey, Belgium, Argentina, South Africa and Malta, which together accounted for a further X Africa recorded the highest rates of growth with regard to 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

The truck export price in Malta stood at $X per unit in 2018, reducing by -X% against the previous year. Over the period under review, the truck export price continues to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2011 when the export price increased by X% against the previous year. Over the period under review, the export prices for trucks reached their peak figure at $X per unit in 2008; however, from 2009 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 the U.S. ($X per unit), while Thailand ($X per unit) 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.

Truck Imports

Imports into Malta

In 2018, the amount of trucks imported into Malta stood at X units, leveling off at the previous year. In general, truck imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, truck imports attained their peak of X units. From 2016 to 2018, the growth of truck imports remained at a somewhat lower figure.

In value terms, truck imports amounted to $X in 2018. In general, truck imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. In that year, truck imports reached their peak of $X. From 2016 to 2018, the growth of truck imports failed to regain its momentum.

Imports by Country

The Philippines was the main importing country with an import of about X units, which resulted at X% of total imports. The U.S. (X units) held the second position in the ranking, followed by Canada (X units). All these countries together held near X% share of total imports. The following importers - the UK (X units), France (X units), Australia (X units), Germany (X units) and Belgium (X units) - together made up X% of total imports.

The Philippines was also the fastest-growing in terms of the trucks imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%), Australia (+X%), the U.S. (+X%) and Belgium (+X%) displayed positive paces of growth. France, the UK and Germany experienced a relatively flat trend pattern. While the share of the Philippines (+X p.p.), Canada (+X p.p.) and the U.S. (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest truck importing markets into Malta were the U.S. ($X), Canada ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by France, Australia, Germany, Belgium, the Philippines and Malta, which together accounted for a further X Philippines recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the truck import price in Malta amounted to $X per unit, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the import price increased by X% against the previous year. Malta import price peaked at $X per unit in 2014; however, from 2015 to 2018, import prices stood 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 Germany ($X per unit), while the Philippines ($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 UK, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform