Australia and Oceania: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Australia and Oceania

The oil dispensing pump market in Australia and Oceania soared to $X in 2021, picking up by 63% against the previous year. Overall, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Oil Dispensing Pump Production in Australia and Oceania

In value terms, oil dispensing pump production shrank to $X in 2021 estimated in export price. In general, production, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2013 with an increase of 43%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Oil Dispensing Pump Exports

Exports in Australia and Oceania

For the fifth year in a row, Australia and Oceania recorded growth in overseas shipments of petrol and oil dispensing pumps, which increased by 169% to X units in 2021. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump exports soared to $X in 2021. Total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, recording X units, which was approx. 98% of total exports in 2021. New Zealand (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the petrol and oil dispensing pumps exports, with a CAGR of +27.5% from 2012 to 2021. New Zealand (-3.1%) illustrated a downward trend over the same period. While the share of Australia (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-19.7 p.p.) displayed negative dynamics.

In value terms, the largest oil dispensing pump supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

Among the main exporting countries, Australia, with a CAGR of +5.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, dropping by -29.1% against the previous year. In general, the export price showed a deep setback. The pace of growth appeared the most rapid in 2016 when the export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.1%).

Oil Dispensing Pump Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of petrol and oil dispensing pumps increased by 41% to X units, rising for the third consecutive year after three years of decline. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +90.4% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 31%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia prevails in imports structure, recording X units, which was approx. 79% of total imports in 2021. New Zealand (X units) ranks second in terms of the total imports with a 7.5% share, followed by Fiji (6.8%). The following importers - Papua New Guinea (X units) and New Caledonia (X units) - each amounted to a 4% share of total imports.

Australia was also the fastest-growing in terms of the petrol and oil dispensing pumps imports, with a CAGR of +12.8% from 2012 to 2021. At the same time, Fiji (+12.2%) displayed positive paces of growth. By contrast, New Zealand (-1.4%), New Caledonia (-2.4%) and Papua New Guinea (-4.9%) illustrated a downward trend over the same period. While the share of Australia (+26 p.p.) and Fiji (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Caledonia (-2.3 p.p.), Papua New Guinea (-5.2 p.p.) and New Zealand (-9.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported petrol and oil dispensing pumps in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 3% share of total imports. It was followed by Papua New Guinea, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +5.7%. In the other countries, the average annual rates were as follows: New Zealand (+7.8% per year) and Papua New Guinea (-1.4% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, reducing by -10.8% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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