Malta: Stranded Wire Market 2020

Stranded Wire Market Size in Malta

The revenue of the stranded wire 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, stranded wire consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, the stranded wire market attained its peak figure level at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Stranded Wire Exports

Exports from Malta

Stranded wire exports from Malta totaled X tons in 2018, falling by -X% against the previous year. Overall, stranded wire exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Malta exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, stranded wire exports stood at $X in 2018. Over the period under review, stranded wire exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. In that year, stranded wire exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

In 2018, China (X tons) was the key exporter of stranded wire, ropes and cables, creating X% of total exports. South Korea (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%) and Vietnam (X%). The following exporters - Turkey (X tons), Germany (X tons), Italy (X tons), Spain (X tons), Malaysia (X tons), Thailand (X tons), the U.S. (X tons) and Portugal (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern of stranded wire, ropes and cables exports. At the same time, Vietnam (+X%), Portugal (+X%), India (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Spain, Thailand and Malaysia experienced a relatively flat trend pattern. By contrast, Germany (-X%), the U.S. (-X%), Italy (-X%) and South Korea (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), India (+X p.p.), Turkey (+X p.p.) and Portugal (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy, China and South Korea saw its share reduced by -X%, -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 ($X) remains the largest stranded wire supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In China, stranded wire 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: Germany (-X% per year) and the U.S. (+X% per year).

Export Prices by Country

The stranded wire export price in Malta stood at $X per ton in 2018, coming down by -X% against the previous year. Overall, the stranded wire export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% year-to-year. In that year, the export prices for stranded wire, ropes and cables reached their peak level of $X per ton, and then declined slightly in the following year.

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. ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Stranded Wire Imports

Imports into Malta

In 2018, the amount of stranded wire, ropes and cables imported into Malta stood at X tons, dropping by -X% against the previous year. Over the period under review, stranded wire imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, stranded wire imports reached their maximum at X tons in 2010; however, from 2011 to 2018, imports failed to regain their momentum.

In value terms, stranded wire imports amounted to $X in 2018. Over the period under review, the total imports indicated a modest expansion from 2007 to 2018: its value decreased 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. Based on 2018 figures, stranded wire imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Malta imports peaked at $X in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons) were the main importers of stranded wire, ropes and cables, together constituting X% of total imports. The following importers - South Korea (X tons), India (X tons), Thailand (X tons), Poland (X tons), Japan (X tons), France (X tons), Mexico (X tons), the UK (X tons), Spain (X tons) and Belgium (X tons) - together made up X% of total imports.

The U.S. experienced a relatively flat trend pattern of stranded wire, ropes and cables imports. At the same time, India (+X%), Thailand (+X%), Poland (+X%), Belgium (+X%), Mexico (+X%), Germany (+X%), Japan (+X%) and South Korea (+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. The UK experienced a relatively flat trend pattern. By contrast, France (-X%) and Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of India, Thailand and Poland 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 U.S. ($X), Germany ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by France, India, Poland, Thailand, South Korea, the UK, Japan, Spain, Belgium and Malta, which together accounted for a further X experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The stranded wire import price in Malta stood at $X per ton in 2018, going up by X% against the previous year. Overall, the import price indicated a remarkable increase from 2007 to 2018: its price 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. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. In that year, the import prices for stranded wire, ropes and cables reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Mexico ($X per ton), while South Korea ($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.

Source: IndexBox Platform