Africa: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Africa

The African oil dispensing pump market surged to $X in 2021, with an increase of 35% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oil Dispensing Pump Production in Africa

In value terms, oil dispensing pump production declined to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 70% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Oil Dispensing Pump Exports

Exports in Africa

In 2021, oil dispensing pump exports in Africa expanded remarkably to X units, with an increase of 13% on the previous year. Overall, exports enjoyed perceptible growth. The pace of growth was the most pronounced in 2016 when exports increased by 128% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, oil dispensing pump exports skyrocketed to $X in 2021. In general, exports, however, saw a pronounced slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X units) represented the main exporter of petrol and oil dispensing pumps, generating 72% of total exports. Kenya (X units) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Uganda (9.4%). Senegal (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Kenya (+40.0%), Senegal (+9.4%) and Uganda (+3.8%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of +40.0% from 2012-2021. Kenya (+10 p.p.) and South Africa (+9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest oil dispensing pump supplier in Africa, comprising 62% of total exports. The second position in the ranking was held by Senegal ($X), with a 15% share of total exports. It was followed by Kenya, with a 14% share.

In South Africa, oil dispensing pump exports contracted by an average annual rate of -4.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+8.2% per year) and Kenya (+42.2% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, growing by 16% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when the export price increased by 118% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per unit), while Uganda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+1.7%), while the other leaders experienced a decline in the export price figures.

Oil Dispensing Pump Imports

Imports in Africa

In 2021, imports of petrol and oil dispensing pumps in Africa soared to X units, increasing by 26% compared with the previous year. Over the period under review, imports continue to indicate mild growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Nigeria (X units), distantly followed by Egypt (X units), South Africa (X units), Ghana (X units), Ethiopia (X units), Algeria (X units) and Sudan (X units) represented the main importers of petrol and oil dispensing pumps, together mixing up 71% of total imports. Zambia (X units), Burkina Faso (X units), Senegal (X units), Zimbabwe (X units), Cote d'Ivoire (X units) and Morocco (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sudan (with a CAGR of +21.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) constitutes the largest market for imported petrol and oil dispensing pumps in Africa, comprising 17% of total imports. The second position in the ranking was held by South Africa ($X), with a 7.4% share of total imports. It was followed by Ghana, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Egypt amounted to +16.0%. In the other countries, the average annual rates were as follows: South Africa (-0.1% per year) and Ghana (+2.5% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, jumping by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2015 when the import price increased by 19% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Morocco ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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