Malta: Vacuum Cleaner Market 2020

Vacuum Cleaner Market Size in Malta

The revenue of the vacuum cleaner market in Malta amounted to $X in 2018, reducing 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, vacuum cleaner consumption, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when the market value increased by X% against the previous year. In that year, the vacuum cleaner market reached its peak level of $X, and then declined slightly in the following year.

Vacuum Cleaner Exports

Exports from Malta

In 2018, the exports of vacuum cleaners from Malta stood at X units, growing by X% against the previous year. In general, vacuum cleaner exports, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Malta exports peaked at X units in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, vacuum cleaner exports totaled $X in 2018. Over the period under review, vacuum cleaner exports, however, continue to indicate a deep decline. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, vacuum cleaner exports reached their peak figure at $X in 2008; however, from 2009 to 2018, exports failed to regain their momentum.

Exports by Country

China was the key exporter of vacuum cleaners in the world, with the volume of exports finishing at X units, which was near X% of total exports in 2018. Malaysia (X units) held a X% share (based on tons) of total exports, which put it in second place, followed by Germany (X%). The following exporters - Vietnam (X units), Hungary (X units), Romania (X units) and Mexico (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, Romania (+X%), Vietnam (+X%), Malaysia (+X%), Germany (+X%) and Hungary (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Malaysia (+X p.p.), China (+X p.p.), Germany (+X p.p.), Vietnam (+X p.p.) and Romania (+X p.p.) significantly strengthened its position in terms of the global exports, while Mexico saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest vacuum cleaner supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, vacuum cleaner 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: Malaysia (+X% per year) and Germany (+X% per year).

Export Prices by Country

The vacuum cleaner export price in Malta stood at $X per unit in 2018, rising by X% against the previous year. In general, the vacuum cleaner export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, the export prices for vacuum cleaners attained their peak figure at $X per unit in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Romania ($X per unit) 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 mixed trends in the export price figures.

Vacuum Cleaner Imports

Imports into Malta

In 2018, the amount of vacuum cleaners imported into Malta totaled X units, declining by -X% against the previous year. Over the period under review, the total imports indicated tangible growth from 2007 to 2018: its volume 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. Based on 2018 figures, vacuum cleaner imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. In that year, vacuum cleaner imports reached their peak of X units, and then declined slightly in the following year.

In value terms, vacuum cleaner imports amounted to $X in 2018. Overall, vacuum cleaner imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. In that year, vacuum cleaner imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X units) was the key importer of vacuum cleaners, achieving X% of total imports. Germany (X units) held the second position in the ranking, followed by Japan (X units), the UK (X units) and France (X units). All these countries together held near X% share of total imports. Russia (X units), Australia (X units), the Netherlands (X units), Canada (X units), Italy (X units), Belgium (X units) and Spain (X units) took a minor share of total imports.

The U.S. experienced a relatively flat trend pattern of vacuum cleaners imports. At the same time, Australia (+X%), the Netherlands (+X%), Germany (+X%), Japan (+X%), France (+X%), Spain (+X%) and Russia (+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. Belgium, Canada, Italy and the UK experienced a relatively flat trend pattern. Germany (+X p.p.), Japan (+X p.p.), the U.S. (+X p.p.) and Australia (+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. ($X) constitutes the largest market for imported vacuum cleaners into Malta, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Japan, with a X% share.

In the U.S., vacuum cleaner imports expanded 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 Japan (+X% per year).

Import Prices by Country

The vacuum cleaner import price in Malta stood at $X per unit in 2018, growing by X% against the previous year. Overall, the import price indicated prominent growth from 2007 to 2018: its price 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. Based on 2018 figures, vacuum cleaner import price increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 when the import price increased by X% y-o-y. Malta import 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 importing countries. In 2018, the country with the highest price was Canada ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform