Malta: Electric Water Heater Market 2020

Electric Water Heater Market Size in Malta

The revenue of the electric water heater 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). Overall, the total market indicated tangible growth from 2007 to 2018: its value 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, electric water heater consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Malta electric water heater consumption peaked in 2018 and is likely to continue its growth in the immediate term.

Electric Water Heater Exports

Exports from Malta

In 2018, approx. X units of electric water heaters and immersion heaters were exported from Malta; falling by -X% against the previous year. Overall, electric water heater exports continue to indicate a drastic reduction. The growth pace was the most rapid in 2008 when exports increased by X% against the previous year. In that year, electric water heater exports reached their peak of X units. From 2009 to 2018, the growth of electric water heater exports remained at a lower figure.

In value terms, electric water heater exports stood at $X in 2018. In general, electric water heater exports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. In that year, electric water heater exports reached their peak of $X. From 2009 to 2018, the growth of electric water heater exports remained at a somewhat lower figure.

Exports by Country

Italy (X units), China (X units), Mexico (X units), Germany (X units), Brazil (X units), the Netherlands (X units), the U.S. (X units), Belgium (X units), Malaysia (X units), the Czech Republic (X units), Bulgaria (X units) and Poland (X units) represented roughly X% of total exports of electric water heaters and immersion heaters in 2018.

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

In value terms, China ($X), Mexico ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by the U.S., Germany, Belgium, Malaysia, the Netherlands, Bulgaria, the Czech Republic, Brazil, Poland and Malta, which together accounted for a further X the main exporting countries, Bulgaria experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the electric water heater export price in Malta amounted to $X per unit, surging by X% against the previous year. In general, the electric water heater export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices for electric water heaters and immersion heaters reached their maximum at $X per unit in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Electric Water Heater Imports

Imports into Malta

In 2018, approx. X units of electric water heaters and immersion heaters were imported into Malta; going up by X% against the previous year. Over the period under review, electric water heater imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Malta imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, electric water heater imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. Malta imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X units) and the UK (X units) were the major importers of electric water heaters and immersion heatersaround the world, together reaching near X% of total imports. It was distantly followed by Russia (X units) and Germany (X units), together making up a X% share of total imports. The following importers - France (X units), Poland (X units), the United Arab Emirates (X units), Italy (X units), Spain (X units), Ukraine (X units), Belgium (X units) and Canada (X units) - together made up X% of total imports.

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

In value terms, the U.S. ($X) constitutes the largest market for imported electric water heaters and immersion heaters into Malta, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the electric water heater import price in Malta amounted to $X per unit, coming down by -X% against the previous year. Over the period under review, the electric water heater import price continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. In that year, the import prices for electric water heaters and immersion heaters attained their peak level of $X per unit. From 2010 to 2018, the growth in terms of the import prices for electric water heaters and immersion heaters remained at a lower figure.

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

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

Source: IndexBox Platform