Austria: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Austria

The Austrian oil dispensing pump market contracted modestly to $X in 2021, almost unchanged from the previous year. In general, consumption recorded a pronounced descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Production in Austria

In value terms, oil dispensing pump production reduced markedly to $X in 2021 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 1,991% against the previous year. Oil dispensing pump production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Austria

After two years of growth, overseas shipments of petrol and oil dispensing pumps decreased by -24.1% to X units in 2021. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 637% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then dropped markedly in the following year.

In value terms, oil dispensing pump exports rose remarkably to $X in 2021. Over the period under review, exports, however, posted moderate growth. The pace of growth appeared the most rapid in 2017 with an increase of 721%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for oil dispensing pump exports from Austria, accounting for a 67% share of total exports. Moreover, oil dispensing pump exports to the United States exceeded the volume sent to the second major destination, Russia (X units), fivefold. Switzerland (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +117.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+134.8% per year) and Switzerland (+25.4% per year).

In value terms, the United States ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Austria, comprising 82% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.4% share of total exports. It was followed by Russia, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +119.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-24.0% per year) and Russia (+97.7% per year).

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, growing by 40% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. The growth pace was the most rapid in 2015 an increase of 103%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($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 the UK (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Imports

Imports into Austria

After four years of decline, supplies from abroad of petrol and oil dispensing pumps increased by 11% to X units in 2021. In general, imports, however, showed a mild slump. The growth pace was the most rapid in 2016 when imports increased by 28% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, oil dispensing pump imports surged to $X in 2021. Over the period under review, imports, however, showed a noticeable descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of oil dispensing pump to Austria, accounting for a 48% share of total imports. Moreover, oil dispensing pump imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.9% per year) and the Netherlands (+7.2% per year).

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest oil dispensing pump suppliers to Austria, with a combined 90% share of total imports. Poland, the Czech Republic, China, the UK and Sweden lagged somewhat behind, together comprising a further 8.1%.

Poland, with a CAGR of +100.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average oil dispensing pump import price amounted to $X per unit, increasing by 12% against the previous year. In general, the import price, however, saw a perceptible setback. The growth pace was the most rapid in 2018 when the average import price increased by 22% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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