Eastern Europe: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Eastern Europe

In 2021, the East European oil dispensing pump market increased by 2.5% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption showed a perceptible slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Production in Eastern Europe

In value terms, oil dispensing pump production declined to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 89%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports in Eastern Europe

In 2021, shipments abroad of petrol and oil dispensing pumps increased by 41% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 77%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, oil dispensing pump exports surged to $X in 2021. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 43%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

Poland (X units) and the Czech Republic (X units) prevails in exports structure, together committing 86% of total exports. It was distantly followed by Lithuania (X units), creating a 4.8% share of total exports. Belarus (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Czech Republic (with a CAGR of +44.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) remains the largest oil dispensing pump supplier in Eastern Europe, comprising 62% of total exports. The second position in the ranking was taken by Poland ($X), with an 18% share of total exports. It was followed by Russia, with an 11% share.

In the Czech Republic, oil dispensing pump exports increased at an average annual rate of +16.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+17.1% per year) and Russia (+0.7% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, reducing by -15.4% against the previous year. Overall, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the export price increased by 37% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.2%), while the other leaders experienced a decline in the export price figures.

Oil Dispensing Pump Imports

Imports in Eastern Europe

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 17% to X units, rising for the sixth consecutive year after two years of decline. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 36% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, oil dispensing pump imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X units) and Poland (X units) represented roughly 63% of total imports in 2021. Hungary (X units) held the next position in the ranking, followed by Romania (X units) and the Czech Republic (X units). All these countries together held near 19% share of total imports. The following importers - Ukraine (X units) and Belarus (X units) - each resulted at a 7.7% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +23.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. Romania, Ukraine, Belarus and Hungary lagged somewhat behind, together accounting for a further 19%.

Romania, with a CAGR of +11.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 when the import price increased by 8.7%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ukraine ($X per unit), while Hungary ($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 Czech Republic (+5.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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