Malta: Lock And Key Market 2020

Lock And Key Market Size in Malta

The revenue of the lock and key market in Malta amounted to $X in 2018, waning 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, lock and key consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Over the period under review, the lock and key market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Lock And Key Exports

Exports from Malta

In 2018, approx. X tons of padlocks, locks and keys of base metal were exported from Malta; waning by -X% against the previous year. Overall, lock and key exports continue to indicate a moderate decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, lock and key exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, lock and key exports amounted to $X in 2018. Overall, lock and key exports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. In that year, lock and key exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, China (X tons) was the key exporter of padlocks, locks and keys of base metal, achieving X% of total exports. It was distantly followed by Germany (X tons), Austria (X tons) and the U.S. (X tons), together generating a X% share of total exports. Mexico (X tons), Italy (X tons), Canada (X tons), Poland (X tons), Taiwan, Chinese (X tons), South Korea (X tons), the Czech Republic (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to lock and key exports from China stood at +X%. At the same time, South Korea (+X%), Turkey (+X%), Poland (+X%), the Czech Republic (+X%), Austria (+X%), Mexico (+X%), Taiwan, Chinese (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Canada and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Austria (+X p.p.) and South Korea (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lock and key supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the lock and key export price in Malta amounted to $X per ton, surging by X% against the previous year. Overall, the lock and key export price continues to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the export prices for padlocks, locks and keys of base metal attained their peak level and is likely to continue its growth in the immediate term.

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

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

Lock And Key Imports

Imports into Malta

In 2018, the imports of padlocks, locks and keys of base metal into Malta amounted to X tons, coming down by -X% against the previous year. Overall, lock and key imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, lock and key imports attained their maximum at X tons in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, lock and key imports amounted to $X in 2018. In general, lock and key imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. In that year, lock and key imports reached their peak of $X. From 2013 to 2018, the growth of lock and key imports failed to regain its momentum.

Imports by Country

The U.S. represented the main importing country with an import of about X tons, which resulted at X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%). Mexico (X tons), Canada (X tons), Russia (X tons), the UK (X tons), Spain (X tons), France (X tons), Italy (X tons), India (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to lock and key imports into the U.S. stood at +X%. At the same time, India (+X%), Mexico (+X%), the Czech Republic (+X%), Poland (+X%), Canada (+X%), Italy (+X%), Russia (+X%) and Spain (+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, France and the UK experienced a relatively flat trend pattern. From 2007 to 2018, the share of the U.S., Mexico, Poland and India increased by +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. ($X) constitutes the largest market for imported padlocks, locks and keys of base metal into Malta, comprising X% of global imports. The second position in the ranking was occupied by Germany ($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 rate of growth in terms of value in the U.S. stood at +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the UK (-X% per year).

Import Prices by Country

The lock and key import price in Malta stood at $X per ton in 2018, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Malta import price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform