Argentina: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Argentina

In 2021, the Argentinian oil dispensing pump market increased by 8.1% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Oil dispensing pump consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Production in Argentina

In value terms, oil dispensing pump production declined modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 46% against the previous year. Oil dispensing pump production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Oil Dispensing Pump Exports

Exports from Argentina

Oil dispensing pump exports from Argentina reduced markedly to X units in 2021, with a decrease of -61.6% on 2020. In general, exports showed a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 171%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, oil dispensing pump exports contracted sharply to $X in 2021. Over the period under review, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2013 with an increase of 110% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Egypt (X units), Bolivia (X units) and the Dominican Republic (X units) were the main destinations of oil dispensing pump exports from Argentina, together comprising 75% of total exports. Spain, Bulgaria, Georgia and Chile lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +14.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Egypt ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Argentina, comprising 64% of total exports. The second position in the ranking was taken by Spain ($X), with a 20% share of total exports. It was followed by the Dominican Republic, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Egypt totaled -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+1.5% per year) and the Dominican Republic (-27.5% per year).

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, jumping by 52% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Egypt ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Argentina

In 2021, after two years of decline, there was significant growth in supplies from abroad of petrol and oil dispensing pumps, when their volume increased by 93% to X units. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 100% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, oil dispensing pump imports skyrocketed to $X in 2021. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 247%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest oil dispensing pump supplier to Argentina, with a 71% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), ninefold. Spain (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+33.9% per year) and Spain (-9.1% per year).

In value terms, Brazil ($X) constituted the largest supplier of petrol and oil dispensing pumps to Argentina, comprising 82% of total imports. The second position in the ranking was taken by China ($X), with a 5.4% share of total imports. It was followed by the United States, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.0% per year) and the United States (-11.9% per year).

Import Prices by Country

In 2021, the average oil dispensing pump import price amounted to $X per unit, with a decrease of -23% against the previous year. In general, the import price, however, continues to indicate moderate growth. The growth pace was the most rapid in 2013 when the average import price increased by 126%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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