Malta: Commercial Refrigeration Equipment Market 2020

Commercial Refrigeration Equipment Market Size in Malta

The revenue of the commercial refrigeration equipment market in Malta amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, commercial refrigeration equipment consumption continues to indicate an abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. In that year, the commercial refrigeration equipment market attained its peak level of $X. From 2014 to 2018, the growth of the commercial refrigeration equipment market remained at a lower figure.

Commercial Refrigeration Equipment Production in Malta

In value terms, commercial refrigeration equipment production amounted to $X in 2018 estimated in export prices. Over the period under review, commercial refrigeration equipment production continues to indicate outstanding growth. The growth pace was the most rapid in 2017 when production volume increased by X% year-to-year. Over the period under review, commercial refrigeration equipment production reached its peak figure level in 2018 and is likely to continue its growth in the near future.

Commercial Refrigeration Equipment Exports

Exports from Malta

In 2018, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported from Malta totaled X units, picking up by X% against the previous year. Over the period under review, commercial refrigeration equipment exports continue to indicate an extraordinary increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Malta exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, commercial refrigeration equipment exports totaled $X in 2018. In general, commercial refrigeration equipment exports continue to indicate a dramatic deduction. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Malta exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, China (X units), distantly followed by Italy (X units), France (X units), Mexico (X units), the U.S. (X units), Singapore (X units) and Germany (X units) were the main exporters of refrigerating and freezing equipment and heat pumps (except household type equipment), together committing X% of total exports. The following exporters - South Korea (X units), Ireland (X units), Denmark (X units), Turkey (X units) and Belgium (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Ireland (+X%), Singapore (+X%), France (+X%), Italy (+X%), South Korea (+X%), Belgium (+X%), Denmark (+X%), Mexico (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Turkey experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Italy, France, Singapore, China, South Korea, Mexico and Ireland increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest commercial refrigeration equipment markets from Malta were China ($X), Italy ($X) and the U.S. ($X), with a combined X% share of total exports. France, Germany, Mexico, Singapore, Ireland, Turkey, South Korea, Denmark, Belgium and Malta lagged somewhat behind, together comprising a further X the main exporting countries, Singapore experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the commercial refrigeration equipment export price in Malta amounted to $X per unit, going down by -X% against the previous year. In general, the commercial refrigeration equipment export price continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the export prices for refrigerating and freezing equipment and heat pumps (except household type equipment) reached their peak figure 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 the U.S. ($X per unit), while South Korea ($X per unit) 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.

Commercial Refrigeration Equipment Imports

Imports into Malta

In 2018, the commercial refrigeration equipment imports into Malta amounted to X units, jumping by X% against the previous year. In general, commercial refrigeration equipment imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Over the period under review, commercial refrigeration equipment imports attained their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, commercial refrigeration equipment imports stood at $X in 2018. Overall, the total imports indicated moderate 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. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, commercial refrigeration equipment imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X units), distantly followed by Germany (X units) and China (X units) were the main importers of refrigerating and freezing equipment and heat pumps (except household type equipment), together constituting X% of total imports. The following importers - Russia (X units), Indonesia (X units), France (X units), Australia (X units), Mexico (X units), the UK (X units), the Philippines (X units), the United Arab Emirates (X units) and Turkey (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to commercial refrigeration equipment imports into the U.S. stood at +X%. At the same time, Indonesia (+X%), Germany (+X%), Mexico (+X%) and France (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. The Philippines, Russia and Australia experienced a relatively flat trend pattern. By contrast, the UK (-X%), China (-X%), the United Arab Emirates (-X%) and Turkey (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of the U.S., Germany and Indonesia increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest commercial refrigeration equipment importing markets into Malta were the U.S. ($X), Germany ($X) and France ($X), together comprising X% of total imports. China, the UK, Australia, Mexico, Russia, the United Arab Emirates, Turkey, the Philippines, Indonesia and Malta lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the commercial refrigeration equipment import price in Malta amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the commercial refrigeration equipment import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when the import price increased by X% year-to-year. In that year, the import prices for refrigerating and freezing equipment and heat pumps (except household type equipment) attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for refrigerating and freezing equipment and heat pumps (except household type equipment) failed to regain its momentum.

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

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

Source: IndexBox Platform