Malta: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2019

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Malta

The revenue of the iron and steel wire market in Malta amounted to $X in 2018, picking up 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). In general, iron and steel wire consumption, however, continues to indicate a moderate setback. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Malta iron and steel wire consumption peaked at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Malta

In 2018, the amount of wire of iron or non-alloy steel (stainless steel or other alloy steel) exported from Malta stood at X tons, dropping by -X% against the previous year. Overall, iron and steel wire exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. In that year, iron and steel wire exports attained their peak of X tons. From 2015 to 2018, the growth of iron and steel wire exports failed to regain its momentum.

In value terms, iron and steel wire exports amounted to $X in 2018. In general, iron and steel wire exports continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, iron and steel wire exports attained their peak of $X. From 2015 to 2018, the growth of iron and steel wire exports remained at a somewhat lower figure.

Exports by Country

In 2018, China (X tons) was the key exporter of wire of iron or non-alloy steel (stainless steel or other alloy steel), making up X% of total exports. Italy (X tons) occupied the second position in the ranking, followed by South Korea (X tons), Germany (X tons) and the Czech Republic (X tons). All these countries together held approx. X% share of total exports. Turkey (X tons), Belarus (X tons), Russia (X tons), France (X tons), Spain (X tons), Mexico (X tons) and Japan (X tons) occupied a relatively small share of total exports.

From 2007 to 2018, average annual rates of growth with regard to iron and steel wire exports from China stood at +X%. At the same time, Turkey (+X%), Mexico (+X%), Belarus (+X%), Italy (+X%), South Korea (+X%), the Czech Republic (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Japan, Russia and France experienced a relatively flat trend pattern. By contrast, Germany (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), Turkey (+X p.p.), Italy (+X p.p.), South Korea (+X p.p.) and Belarus (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron and steel wire supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Germany (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The iron and steel wire export price in Malta stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the iron and steel wire export price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Malta export price peaked at $X per ton in 2007; however, from 2008 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 Japan ($X per ton), while Mexico ($X per ton) 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.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Malta

In 2018, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported into Malta; picking up by X% against the previous year. Over the period under review, iron and steel wire imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, iron and steel wire imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, iron and steel wire imports stood at $X in 2018. Over the period under review, iron and steel wire imports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Malta imports peaked at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tons) and Germany (X tons) were the main importers of wire of iron or non-alloy steel (stainless steel or other alloy steel) in 2018, reaching near X% and X% of total imports, respectively. It was followed by Poland (X tons), comprising a X% share of total imports. France (X tons), India (X tons), Japan (X tons), Switzerland (X tons), Thailand (X tons), Italy (X tons), the Netherlands (X tons), the UK (X tons) and South Korea (X tons) followed a long way behind the leaders.

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

In value terms, the largest iron and steel wire importing markets into Malta were Germany ($X), the U.S. ($X) and France ($X), together accounting for X% of total imports. These countries were followed by Poland, India, Japan, Italy, Thailand, Switzerland, the Netherlands, the UK, South Korea and Malta, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The iron and steel wire import price in Malta stood at $X per ton in 2018, jumping by X% against the previous year. In general, the iron and steel wire import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2008 when the import price increased by X% against the previous year. In that year, the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for wire of iron or non-alloy steel (stainless steel or other alloy steel) remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per ton), while Poland ($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 Netherlands, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform