Croatia: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Croatia

The Croatian oil dispensing pump market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Oil Dispensing Pump Production in Croatia

In value terms, oil dispensing pump production declined rapidly to $X in 2021 estimated in export price. Overall, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 144% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Croatia

Oil dispensing pump exports from Croatia surged to X units in 2021, growing by 20% compared with the previous year. In general, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 203% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, oil dispensing pump exports declined rapidly to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 165% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Slovenia (X units) was the main destination for oil dispensing pump exports from Croatia, accounting for a 45% share of total exports. Moreover, oil dispensing pump exports to Slovenia exceeded the volume sent to the second major destination, Germany (X units), twofold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia amounted to +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+55.9% per year) and Bosnia and Herzegovina (+21.4% per year).

In value terms, Germany ($X) emerged as the key foreign market for petrol and oil dispensing pumps exports from Croatia, comprising 64% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.5% share of total exports. It was followed by Slovenia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+12.0% per year) and Slovenia (+5.9% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, declining by -63% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Slovenia ($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 Ghana (+90.4%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Croatia

In 2021, imports of petrol and oil dispensing pumps into Croatia skyrocketed to X units, surging by 41% on the previous year's figure. In general, imports continue to indicate a pronounced increase. The pace of growth was the most pronounced in 2015 when imports increased by 137%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, oil dispensing pump imports expanded markedly to $X in 2021. Over the period under review, imports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 213%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of oil dispensing pump imports to Croatia, together accounting for 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +118.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil dispensing pump suppliers to Croatia were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined 92% share of total imports.

The Netherlands, with a CAGR of +90.2%, recorded the highest growth rate of 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

The average oil dispensing pump import price stood at $X per unit in 2021, dropping by -21.4% against the previous year. In general, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 59% 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 Netherlands ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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