Denmark: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Denmark

The Danish oil dispensing pump market fell significantly to $X in 2021, shrinking by -70.3% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Oil Dispensing Pump Production in Denmark

In value terms, oil dispensing pump production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 301% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Denmark

In 2021, shipments abroad of petrol and oil dispensing pumps increased by 18% to X units, rising for the third consecutive year after four years of decline. Overall, exports showed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 400% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, oil dispensing pump exports skyrocketed to $X in 2021. In general, exports recorded significant growth. The growth pace was the most rapid in 2018 when exports increased by 241%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), Sweden (X units) and Poland (X units) were the main destinations of oil dispensing pump exports from Denmark, together accounting for 67% of total exports. Finland, the Netherlands, South Korea, Norway and Italy lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +1,037.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for petrol and oil dispensing pumps exports from Denmark, comprising 52% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +87.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+73.9% per year) and Sweden (+66.1% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, rising by 12% against the previous year. In general, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 486% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($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 Italy (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Denmark

In 2021, purchases abroad of petrol and oil dispensing pumps decreased by -65.8% to X units, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 94% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, oil dispensing pump imports declined markedly to $X in 2021. Over the period under review, imports, however, continue to indicate temperate growth. The growth pace was the most rapid in 2018 when imports increased by 87% against the previous year. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

Germany (X units), Sweden (X units) and the Netherlands (X units) were the main suppliers of oil dispensing pump imports to Denmark, together comprising 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +42.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of petrol and oil dispensing pumps to Denmark, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 19% share of total imports. It was followed by Sweden, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+49.9% per year) and Sweden (-1.5% per year).

Import Prices by Country

In 2021, the average oil dispensing pump import price amounted to $X per unit, picking up by 42% against the previous year. Over the period under review, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 61%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for Italy ($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 UK (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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