Central Asia: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Central Asia

In 2021, the Central Asian oil dispensing pump market increased by 3.3% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a pronounced descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Oil Dispensing Pump Production in Central Asia

In value terms, oil dispensing pump production shrank to $X in 2021 estimated in export price. Overall, production recorded a perceptible decline. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports in Central Asia

In 2021, after three years of growth, there was significant decline in overseas shipments of petrol and oil dispensing pumps, when their volume decreased by -39.5% to X units. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2016 with an increase of 269% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, oil dispensing pump exports contracted remarkably to $X in 2021. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 204%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan dominates exports structure, amounting to X units, which was near 95% of total exports in 2021. It was distantly followed by Mongolia (X units), making up a 5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to oil dispensing pump exports from Kazakhstan stood at -20.2%. At the same time, Mongolia (+26.0%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +26.0% from 2012-2021. While the share of Mongolia (+4.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-4.9 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest oil dispensing pump supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was taken by Mongolia ($X), with a 3.8% share of total exports.

In Kazakhstan, oil dispensing pump exports declined by an average annual rate of -23.6% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, declining by -3.9% against the previous year. In general, the export price showed a pronounced shrinkage. The growth pace was the most rapid in 2018 an increase of 68% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Mongolia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-4.2%).

Oil Dispensing Pump Imports

Imports in Central Asia

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 60% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 131% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, oil dispensing pump imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan was the largest importing country with an import of around X units, which reached 62% of total imports. Uzbekistan (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (10%), Mongolia (5.3%) and Kyrgyzstan (5%). Tajikistan (X units) held a minor share of total imports.

Imports into Kazakhstan decreased at an average annual rate of -5.5% from 2012 to 2021. At the same time, Uzbekistan (+37.3%) and Turkmenistan (+1.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +37.3% from 2012-2021. Tajikistan experienced a relatively flat trend pattern. By contrast, Mongolia (-8.7%) and Kyrgyzstan (-9.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Uzbekistan and Turkmenistan increased by +15 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported petrol and oil dispensing pumps in Central Asia, comprising 61% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 18% share of total imports. It was followed by Turkmenistan, with a 9.3% share.

In Kazakhstan, oil dispensing pump imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+25.4% per year) and Turkmenistan (+13.0% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, surging by 32% against the previous year. Import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oil dispensing pump import price increased by +120.9% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 38%. The level of import peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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