Report Update Nov 1, 2024

Azerbaijan - Petrol and Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Oil Dispensing Pump Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for petrol and oil dispensing pumps in the world?

The country with the largest volume of oil dispensing pump consumption was China, comprising approx. 25% of total volume. Moreover, oil dispensing pump consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Belgium, with a 7.6% share.

What are the largest producers of petrol and oil dispensing pumps in the world?

China remains the largest oil dispensing pump producing country worldwide, comprising approx. 38% of total volume. Moreover, oil dispensing pump production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Italy ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of petrol and oil dispensing pumps to Azerbaijan?

In value terms, Turkey, Japan and the United States were the largest oil dispensing pump suppliers to Azerbaijan, together accounting for 71% of total imports.

What is the average export price for petrol and oil dispensing pumps in Azerbaijan?

The average oil dispensing pump export price stood at $11,594 per unit in 2020, with an increase of 669% against the previous year.

What is the average import price for petrol and oil dispensing pumps in Azerbaijan?

The average oil dispensing pump import price stood at $591 per unit in 2020, surging by 23% against the previous year.

This report provides an in-depth analysis of the oil dispensing pump market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28131105 - Petrol and oil dispensing pumps, unit

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023