Malta: Refrigerator And Freezer Market 2020

Refrigerator And Freezer Market Size in Malta

The revenue of the refrigerator and freezer 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). The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, the refrigerator and freezer market reached its peak level and is likely to continue its growth in the immediate term.

Refrigerator And Freezer Exports

Exports from Malta

In 2018, approx. X tons of refrigerators and freezers were exported from Malta; going down by -X% against the previous year. Overall, refrigerator and freezer exports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Malta exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, refrigerator and freezer exports stood at $X in 2018. Overall, refrigerator and freezer exports, however, continue to indicate a notable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Malta exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

China was the key exporter of refrigerators and freezers in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2018. Mexico (X tons) held the second position in the ranking, followed by Thailand (X tons), Turkey (X tons) and South Korea (X tons). All these countries together took near X% share of total exports. Poland (X tons), Germany (X tons), Italy (X tons), Romania (X tons) and Hungary (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the refrigerators and freezers exports, with a CAGR of +X% from 2007 to 2018. At the same time, Romania (+X%), Mexico (+X%), Thailand (+X%), Poland (+X%) and Turkey (+X%) displayed positive paces of growth. By contrast, Germany (-X%), South Korea (-X%), Hungary (-X%) and Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Mexico, Thailand, Turkey and Poland increased by +X%, +X%, +X%, +X% and +X% percentage points, while Italy (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Mexico ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2018, together comprising X% of total exports.

Mexico experienced the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the refrigerator and freezer export price in Malta amounted to $X per ton, remaining stable against the previous year. Overall, the refrigerator and freezer export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. Malta export price peaked at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

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

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

Refrigerator And Freezer Imports

Imports into Malta

In 2018, approx. X tons of refrigerators and freezers were imported into Malta; rising by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Over the period under review, refrigerator and freezer imports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, refrigerator and freezer imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. In that year, refrigerator and freezer imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons) was the largest importer of refrigerators and freezers, generating X% of total imports. It was distantly followed by the UK (X tons), comprising a X% share of total imports. France (X tons), Germany (X tons), Japan (X tons), Italy (X tons), Australia (X tons), Russia (X tons), Spain (X tons), Canada (X tons), Sweden (X tons) and the Netherlands (X tons) occupied a relatively small 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, Australia (+X%), Germany (+X%), Sweden (+X%), the UK (+X%), Japan (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, Russia and Spain experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%) and Canada (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., refrigerator and freezer imports increased 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 France (-X% per year).

Import Prices by Country

The refrigerator and freezer import price in Malta stood at $X per ton in 2018, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Malta import price peaked at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Canada ($X per ton) and Japan ($X per ton), while the UK ($X per ton) and Russia ($X per ton) were 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