Malta: Tap And Valve Market 2020

Tap And Valve Market Size in Malta

The revenue of the tap and valve market in Malta amounted to $X in 2018, declining 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, tap and valve consumption, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Over the period under review, the tap and valve market reached its maximum level at $X in 2017, and then declined slightly in the following year.

Tap And Valve Exports

Exports from Malta

In 2018, the exports of taps, cocks, valves and similar appliances from Malta totaled X tons, surging by X% against the previous year. Over the period under review, tap and valve exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, tap and valve exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, tap and valve exports stood at $X in 2018. Overall, tap and valve exports continue to indicate remarkable growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. In that year, tap and valve exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Italy (X tons) and Germany (X tons), together making up a X% share of total exports. The following exporters - the U.S. (X tons), Mexico (X tons), Japan (X tons), Spain (X tons), India (X tons), the Czech Republic (X tons), France (X tons), the UK (X tons) and South Korea (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the taps, cocks, valves and similar appliances exports, with a CAGR of +X% from 2007 to 2018. At the same time, the Czech Republic (+X%), India (+X%) and Germany (+X%) displayed positive paces of growth. Mexico, Spain and Italy experienced a relatively flat trend pattern. By contrast, South Korea (-X%), France (-X%), the UK (-X%), Japan (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Japan (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the U.S. ($X) were the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Italy, Japan, Mexico, the UK, France, the Czech Republic, South Korea, Spain, India and Malta, which together accounted for a further X recorded the highest growth rate of exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The tap and valve export price in Malta stood at $X per ton in 2018, rising by X% against the previous year. Overall, the tap and valve export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X% y-o-y. Malta export price peaked in 2018 and is expected to retain its growth in the near future.

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

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

Tap And Valve Imports

Imports into Malta

In 2018, approx. X tons of taps, cocks, valves and similar appliances were imported into Malta; jumping by X% against the previous year. Over the period under review, the total imports indicated strong growth from 2007 to 2018: its volume 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. Based on 2018 figures, tap and valve imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, tap and valve imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, tap and valve imports amounted to $X in 2018. Over the period under review, tap and valve imports continue to indicate mild growth. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. Malta imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Germany (X tons), China (X tons), Mexico (X tons) and Russia (X tons) were the largest importers of taps, cocks, valves and similar appliances, together generating X% of total imports. France (X tons), the UK (X tons), Canada (X tons), Saudi Arabia (X tons), South Korea (X tons), the United Arab Emirates (X tons) and Spain (X tons) held a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to tap and valve imports into the U.S. stood at +X%. At the same time, Mexico (+X%), Russia (+X%), the United Arab Emirates (+X%), China (+X%), Germany (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France, Canada, Saudi Arabia, the UK and Spain experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), Mexico (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tap and valve importing markets into Malta were the U.S. ($X), China ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The tap and valve import price in Malta stood at $X per ton in 2018, reducing by -X% against the previous year. Over the period under review, the tap and valve import price continues to indicate a measured curtailment. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, the import prices for taps, cocks, valves and similar appliances attained their peak figure at $X per ton in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Russia ($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.

Source: IndexBox Platform