Malta: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2019

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Malta

The revenue of the tube or pipe fitting market in Malta amounted to $X in 2018, rising 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). In general, tube or pipe fitting consumption continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Malta tube or pipe fitting consumption peaked in 2018 and is likely to continue its growth in the near future.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Malta

In 2018, approx. X tons of tube or pipe fittings (of iron or steel) were exported from Malta; growing by X% against the previous year. Over the period under review, tube or pipe fitting exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, tube or pipe fitting exports reached their peak of X tons. From 2012 to 2018, the growth of tube or pipe fitting exports failed to regain its momentum.

In value terms, tube or pipe fitting exports amounted to $X in 2018. Over the period under review, tube or pipe fitting exports, however, continue to indicate a measured expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Malta exports peaked at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

China was the key exporter of tube or pipe fittings (of iron or steel) in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2018. Italy (X tons) took an X% share (based on tons) of total exports, which put it in second place, followed by India (X%). South Korea (X tons), Germany (X tons), the U.S. (X tons), Poland (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), France (X tons) and Taiwan, Chinese (X tons) held a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to tube or pipe fitting exports from China stood at +X%. At the same time, India (+X%), Malaysia (+X%), Poland (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Italy experienced a relatively flat trend pattern. By contrast, the U.S. (-X%), Germany (-X%), Thailand (-X%), Taiwan, Chinese (-X%), South Korea (-X%) and France (-X%) illustrated a downward trend over the same period. China (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the global exports, while South Korea and France saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tube or pipe fitting supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2018, the tube or pipe fitting export price in Malta amounted to $X per ton, shrinking by -X% against the previous year. In general, the tube or pipe fitting export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when the export price increased by X% y-o-y. In that year, the export prices for tube or pipe fittings (of iron or steel) attained their peak level of $X per ton, and then declined slightly in the following year.

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

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

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Malta

In 2018, the amount of tube or pipe fittings (of iron or steel) imported into Malta totaled X tons, going up by X% against the previous year. Over the period under review, the total imports indicated modest growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tube or pipe fitting imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, tube or pipe fitting imports reached their peak figure at X tons in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, tube or pipe fitting imports amounted to $X in 2018. Over the period under review, the total imports indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tube or pipe fitting imports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. In that year, tube or pipe fitting imports attained their peak of $X. From 2017 to 2018, the growth of tube or pipe fitting imports remained at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Mexico (X tons) and Germany (X tons) were the major importers of tube or pipe fittings (of iron or steel), together mixing up X% of total imports. Japan (X tons), Canada (X tons), Malaysia (X tons), South Korea (X tons), Singapore (X tons), Saudi Arabia (X tons), Italy (X tons), the UK (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%) and Malaysia (+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. Germany, Canada, Japan and the UK experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%), Singapore (-X%), South Korea (-X%), the United Arab Emirates (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S. and Mexico increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., tube or pipe fitting imports 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: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the tube or pipe fitting import price in Malta amounted to $X per ton, shrinking by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, the import prices for tube or pipe fittings (of iron or steel) attained their peak figure at $X per ton in 2016; however, from 2017 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 Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform