Czech Republic: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in the Czech Republic

After two years of growth, the Czech oil dispensing pump market decreased by -20.7% to $X in 2021. Over the period under review, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Oil Dispensing Pump Production in the Czech Republic

In value terms, oil dispensing pump production rose notably to $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 135% 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 the Czech Republic

In 2021, overseas shipments of petrol and oil dispensing pumps increased by 37% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 216%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, oil dispensing pump exports surged to $X in 2021. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 60% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units) was the main destination for oil dispensing pump exports from the Czech Republic, accounting for a 34% share of total exports. Moreover, oil dispensing pump exports to France exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Poland (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +101.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+147.6% per year) and Poland (+39.5% per year).

In value terms, the largest markets for oil dispensing pump exported from the Czech Republic were Italy ($X), France ($X) and Germany ($X), with a combined 51% share of total exports. Poland, Sweden, Slovakia, Russia, Libya, Morocco, the UK and Romania lagged somewhat behind, together accounting for a further 32%.

Libya, with a CAGR of +649.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, which is down by -2% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of 33%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Morocco ($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 Slovakia (+3.3%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into the Czech Republic

In 2021, approx. X units of petrol and oil dispensing pumps were imported into the Czech Republic; which is down by -18% compared with the previous year's figure. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 69%. Over the period under review, imports attained the maximum at X units in 2020, and then shrank rapidly in the following year.

In value terms, oil dispensing pump imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 38% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Germany (X units) constituted the largest oil dispensing pump supplier to the Czech Republic, with a 40% share of total imports. Moreover, oil dispensing pump imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. The third position in this ranking was taken by the Netherlands (X units), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+22.3% per year) and the Netherlands (+118.6% per year).

In value terms, the largest oil dispensing pump suppliers to the Czech Republic were Germany ($X), the Netherlands ($X) and the United States ($X), together comprising 82% of total imports.

The Netherlands, with a CAGR of +176.2%, 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

The average oil dispensing pump import price stood at $X per unit in 2021, surging by 42% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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