Malta: Hand Tools Market 2020

Hand Tools Market Size in Malta

The revenue of the hand tools market in Malta amounted to $X in 2018, picking up 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 a resilient increase 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, hand tools consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Malta hand tools consumption peaked in 2018 and is likely to continue its growth in the near future.

Hand Tools Exports

Exports from Malta

In 2018, approx. X tons of hand tools were exported from Malta; falling by -X% against the previous year. In general, hand tools exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, hand tools exports attained their peak figure at X tons in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, hand tools exports stood at $X in 2018. Overall, hand tools exports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, hand tools exports reached their peak of $X. From 2013 to 2018, the growth of hand tools exports remained at a lower figure.

Exports by Country

China was the largest exporter of hand tools in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2018. It was distantly followed by Taiwan, Chinese (X tons) and Germany (X tons), together comprising a X% share of total exports. India (X tons), the Netherlands (X tons), Italy (X tons), the U.S. (X tons), Mexico (X tons) and Belgium (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Mexico (+X%), Belgium (+X%) and India (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Germany and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) and Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest hand tools supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by Taiwan, Chinese, with a X% share.

In China, hand tools exports 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 Taiwan, Chinese (+X% per year).

Export Prices by Country

In 2018, the hand tools export price in Malta amounted to $X per ton, going up by X% against the previous year. Overall, the hand tools export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2014 when the export price increased by X% y-o-y. Over the period under review, the export prices for hand tools attained their peak figure at $X per ton in 2012; however, from 2013 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. ($X per ton), while India ($X per ton) was amongst the lowest.

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

Hand Tools Imports

Imports into Malta

Hand tools imports into Malta amounted to X tons in 2018, rising by X% against the previous year. Over the period under review, the total imports indicated a resilient expansion from 2007 to 2018: its volume 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, hand tools imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Malta imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, hand tools 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 throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Malta imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) represented the key importers of hand tools, together achieving X% of total imports. The following importers - Russia (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Mexico (X tons), Indonesia (X tons), Belgium (X tons), Canada (X tons) and India (X tons) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%), Indonesia (+X%), Mexico (+X%), Russia (+X%), the Netherlands (+X%), Belgium (+X%) and Poland (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany and France experienced a relatively flat trend pattern. By contrast, Canada (-X%) and the UK (-X%) illustrated a downward trend over the same period. While the share of the U.S. (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The hand tools import price in Malta stood at $X per ton in 2018, coming down by -X% against the previous year. In general, the hand tools import price continues to indicate a mild decrease. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. In that year, the import prices for hand tools attained their peak level of $X per ton. From 2014 to 2018, the growth in terms of the import prices for hand tools remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per ton), while Indonesia ($X per ton) 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