India - Petrol And Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingIndia's Export of Oil Dispensing Pump Climbs by 6% to Reach $44 Million in 2023
India Oil Dispensing Pump Exports
In 2023, shipments abroad of petrol and oil dispensing pumps decreased by -18.1% to 1.1M units, falling for the second year in a row after three years of growth. In general, exports, however, showed a temperate increase. The growth pace was the most rapid in 2021 when exports increased by 48%. As a result, the exports reached the peak of 1.8M units. From 2022 to 2023, the growth of the exports failed to regain momentum.
In value terms, oil dispensing pump exports rose significantly to $44M (IndexBox estimates) in 2023. Over the period under review, total exports indicated a temperate expansion from 2013 to 2023: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in years to come.
| COUNTRY | Export Value of Oil Dispensing Pump in India (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 6.7 | 7.0 | 6.2 | 5.3 | 5.6 | 5.6 | 6.1 | 5.3 | 7.7 | 8.0 | 7.0 |
| Kenya | 0.5 | 0.6 | 0.6 | 0.1 | 0.7 | 0.8 | 0.4 | 0.2 | 1.9 | 3.5 | 3.7 |
| Saudi Arabia | 2.6 | 3.1 | 1.7 | 2.6 | 3.9 | 1.7 | 1.3 | 1.2 | 1.0 | 1.1 | 3.6 |
| Egypt | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.3 | 0.2 | 0.6 | 0.3 | 3.1 |
| United Arab Emirates | 1.0 | 0.6 | 0.3 | 0.5 | 0.3 | 0.4 | 0.6 | 0.6 | 1.7 | 4.2 | 3.1 |
| Sri Lanka | 0.2 | 0.1 | 0.7 | 0.4 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 2.2 |
| Malaysia | N/A | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.4 | 1.3 | 1.6 | 2.4 | 1.3 |
| Nepal | 0.5 | 0.7 | 0.6 | 1.1 | 1.3 | 2.3 | 1.9 | 1.7 | 2.3 | 1.2 | 0.8 |
| South Africa | 1.7 | 2.4 | 2.3 | 1.7 | 1.8 | 1.5 | 2.1 | 1.4 | 1.9 | 2.5 | 0.7 |
| Nigeria | 0.2 | 0.4 | 0.6 | 0.7 | 0.7 | 1.0 | 1.6 | 1.7 | 0.9 | 0.5 | 0.4 |
| Others | 15.3 | 13.3 | 10.6 | 10.2 | 12.3 | 13.3 | 14.7 | 13.0 | 18.5 | 18.1 | 18.3 |
| Total | 29.1 | 28.6 | 24.2 | 22.6 | 26.8 | 27.0 | 29.5 | 26.8 | 38.1 | 42.0 | 44.3 |
Exports by Country
the United States (474K units) was the main destination for oil dispensing pump exports from India, with a 41% share of total exports. Moreover, oil dispensing pump exports to the United States exceeded the volume sent to the second major destination, Nepal (65K units), sevenfold. The third position in this ranking was taken by Egypt (63K units), with a 5.5% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to the United States amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+16.1% per year) and Egypt (+39.2% per year).
In value terms, the largest markets for oil dispensing pump exported from India were the United States ($7M), Kenya ($3.7M) and Saudi Arabia ($3.6M), together accounting for 32% of total exports. Egypt, the United Arab Emirates, Sri Lanka, Malaysia, Nepal, South Africa and Nigeria lagged somewhat behind, together comprising a further 26%.
In terms of the main countries of destination, Malaysia, with a CAGR of +45.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the oil dispensing pump price amounted to $39 per unit (FOB, India), surging by 29% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of 39%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($105 per unit), while the average price for exports to Cambodia ($6.8 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the oil dispensing pump market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28131105 - Petrol and oil dispensing pumps, unit
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
