Malta: Tanker Market 2020

Tanker Market Size in Malta

The revenue of the tanker market in Malta amounted to $X in 2018, increasing 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, tanker consumption continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Malta tanker consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Tanker Exports

Exports from Malta

Tanker exports from Malta stood at X tons in 2018, coming down by -X% against the previous year. In general, tanker exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, tanker exports reached their peak figure at X tons in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, tanker exports stood at $X in 2018. Over the period under review, tanker exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, tanker exports reached their peak of $X. From 2009 to 2018, the growth of tanker exports remained at a somewhat lower figure.

Exports by Country

South Korea was the key exporter of tankers in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2018. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%) and Germany (X%). The following exporters - Bahamas (X tons), Poland (X tons), Niue (X tons) and Singapore (X tons) - each finished at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Niue, while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the largest tanker supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by Poland, with a X% share.

In South Korea, tanker exports 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: Japan (+X% per year) and Poland (-X% per year).

Export Prices by Country

The tanker export price in Malta stood at $X per ton in 2018, increasing by X% against the previous year. Overall, the tanker export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. Over the period under review, the export prices for tankers attained their peak figure at $X per ton in 2013; however, from 2014 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 Poland ($X per ton), while Bahamas ($X per ton) was amongst the lowest.

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

Tanker Imports

Imports into Malta

In 2018, the amount of tankers imported into Malta amounted to X tons, increasing by X% against the previous year. In general, tanker imports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Malta imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, tanker imports totaled $X in 2018. Over the period under review, tanker imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, tanker imports attained their peak figure at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of tanker imports in 2018 were Marshall Islands (X tons), Panama (X tons), China, Hong Kong SAR (X tons), Bahamas (X tons), Greece (X tons), Liberia (X tons), the UK (X tons), Singapore (X tons), British Virgin Islands (X tons), Saudi Arabia (X tons), Russia (X tons) and South Korea (X tons), together recording X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by British Virgin Islands, while the other leaders experienced more modest paces of growth.

In value terms, Marshall Islands ($X), Panama ($X) and Singapore ($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 China, Hong Kong SAR, Bahamas, Malta, Greece, Liberia, the UK, Russia, Saudi Arabia, South Korea and British Virgin Islands, which together accounted for a further X terms of the main importing countries, British Virgin Islands experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The tanker import price in Malta stood at $X per ton in 2018, coming down by -X% against the previous year. In general, the tanker import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. In that year, the import prices for tankers attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for tankers failed to regain its momentum.

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

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

Source: IndexBox Platform