Malta: Plastic Furniture Market 2020

Plastic Furniture Market Size in Malta

The revenue of the plastic furniture market in Malta amounted to $X in 2018, falling 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, plastic furniture consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. In that year, the plastic furniture market attained its peak level of $X, and then declined slightly in the following year.

Plastic Furniture Exports

Exports from Malta

Plastic furniture exports from Malta totaled X tons in 2018, surging by X% against the previous year. In general, plastic furniture exports, however, continue to indicate a drastic descent. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Malta exports peaked at X tons in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, plastic furniture exports stood at $X in 2018. In general, plastic furniture exports, however, continue to indicate a deep deduction. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Malta exports peaked at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

China was the main exporting country with an export of about X tons, which reached X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Israel (X%). Canada (X tons), Turkey (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons) and the U.S. (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the furniture of plastic exports, with a CAGR of +X% from 2007 to 2018. At the same time, Poland (+X%), Turkey (+X%), Spain (+X%), Israel (+X%) and Canada (+X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. China (+X p.p.), Israel (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy and the U.S. 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 ($X) remains the largest plastic furniture supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

In China, plastic furniture exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-X% per year) and Israel (+X% per year).

Export Prices by Country

In 2018, the plastic furniture export price in Malta amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the plastic furniture export price, however, continues to indicate temperate growth. The pace of growth was the most pronounced in 2013 when the export price increased by X% y-o-y. Malta export price peaked at $X per ton in 2010; however, from 2011 to 2018, export prices remained at a lower figure.

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

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

Plastic Furniture Imports

Imports into Malta

In 2018, the amount of furniture of plastic imported into Malta amounted to X tons, reducing by -X% against the previous year. Over the period under review, plastic furniture imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Malta imports peaked at X tons in 2015; however, from 2016 to 2018, imports remained at a lower figure.

In value terms, plastic furniture imports stood at $X in 2018. Overall, plastic furniture imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. In that year, plastic furniture imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

The U.S. represented the main importer of furniture of plastic in the world, with the volume of imports reaching X tons, which was near X% of total imports in 2018. It was distantly followed by France (X tons) and the UK (X tons), together comprising a X% share of total imports. Canada (X tons), Germany (X tons), Spain (X tons), Saudi Arabia (X tons), Australia (X tons), the Philippines (X tons) and the Netherlands (X tons) took a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Philippines (+X%), Saudi Arabia (+X%), Australia (+X%), Canada (+X%), the Netherlands (+X%), the UK (+X%), France (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Canada, France, the Philippines and Saudi Arabia increased by +X%, +X%, +X%, +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. ($X) constitutes the largest market for imported furniture of plastic into Malta, comprising X% of global imports. The second position in the ranking was occupied by France ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

In the U.S., plastic furniture 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 Germany (+X% per year).

Import Prices by Country

In 2018, the plastic furniture import price in Malta amounted to $X per ton, reducing by -X% against the previous year. Overall, the plastic furniture import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% y-o-y. Over the period under review, the import prices for furniture of plastic reached their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a 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 ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform