Azerbaijan: Oil Dispensing Pump Market 2025

Oil Dispensing Pump Market Size in Azerbaijan

In 2021, the Azerbaijani oil dispensing pump market increased by 129% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a resilient expansion. Oil dispensing pump consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Azerbaijan

For the fourth consecutive year, Azerbaijan recorded growth in shipments abroad of petrol and oil dispensing pumps, which increased by 89% to X units in 2020. Overall, exports showed significant growth. 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 2020. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for oil dispensing pump exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to the UK was relatively modest.

In value terms, the UK ($X) emerged as the key foreign market for petrol and oil dispensing pumps exports from Azerbaijan.

From 2013 to 2020, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2020, approximately mirroring the previous year. In general, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 65% against the previous year. The export price peaked at $X per unit in 2019, and then shrank modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2013 to 2020, the rate of growth in terms of prices for Norway amounted to +6.3% per year.

Oil Dispensing Pump Imports

Imports into Azerbaijan

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 186% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded resilient growth. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, oil dispensing pump imports soared to $X in 2021. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2018 when imports increased by 106% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of oil dispensing pump to Azerbaijan, accounting for a 74% share of total imports. Moreover, oil dispensing pump imports from Japan exceeded the figures recorded by the second-largest supplier, Sweden (X units), sevenfold. The third position in this ranking was held by Turkey (X units), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+55.6% per year) and Turkey (-14.0% per year).

In value terms, the largest oil dispensing pump suppliers to Azerbaijan were Japan ($X), Turkey ($X) and Sweden ($X), with a combined 92% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, with a decrease of -32.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 67%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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