Belarus: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Belarus

The Belarusian oil dispensing pump market soared to $X in 2021, growing by 77% against the previous year. Overall, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Production in Belarus

In value terms, oil dispensing pump production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 965% against the previous year. Oil dispensing pump production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Oil Dispensing Pump Exports

Exports from Belarus

In 2021, shipments abroad of petrol and oil dispensing pumps increased by 13% to X units, rising for the sixth consecutive year after three years of decline. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by 90%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump exports dropped to $X in 2021. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 105%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for oil dispensing pump exports from Belarus, accounting for a 64% share of total exports. Moreover, oil dispensing pump exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), sixfold. The third position in this ranking was held by Egypt (X units), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+29.4% per year) and Egypt (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Belarus, comprising 80% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 8.9% share of total exports. It was followed by Ukraine, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-10.2% per year) and Ukraine (-6.7% per year).

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, dropping by -20.6% against the previous year. In general, the export price continues to indicate a sharp decrease. The most prominent rate of growth was recorded in 2016 an increase of 8%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Egypt ($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 Azerbaijan (+16.7%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Belarus

For the fourth year in a row, Belarus recorded growth in overseas purchases of petrol and oil dispensing pumps, which increased by 69% to X units in 2021. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 148% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, oil dispensing pump imports fell slightly to $X in 2021. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of oil dispensing pump to Belarus, accounting for a 64% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-1.3% per year) and Italy (+45.0% per year).

In value terms, the largest oil dispensing pump suppliers to Belarus were Russia ($X), the UK ($X) and China ($X), with a combined 82% share of total imports. Germany, Italy and India lagged somewhat behind, together accounting for a further 9.7%.

India, with a CAGR of +65.9%, saw the highest rates of growth with regard to the value of imports, among 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, shrinking by -41.3% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 83% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood 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 Germany ($X per unit), while the price for China ($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 (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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