EU: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in the EU

The EU oil dispensing pump market surged to $X in 2021, jumping by 18% against the previous year. In general, consumption saw a relatively flat trend pattern. 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 the EU

In value terms, oil dispensing pump production contracted to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +22.1% against 2013 indices. The growth pace was the most rapid in 2013 when the production volume increased by 45% against the previous year. The level of production peaked at $X in 2020, and then shrank in the following year.

Oil Dispensing Pump Exports

Exports in the EU

In 2021, oil dispensing pump exports in the European Union soared to X units, growing by 634% compared with 2020. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump exports amounted to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 20% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

The Netherlands dominates exports structure, finishing at X units, which was approx. 93% of total exports in 2021. Italy (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the petrol and oil dispensing pumps exports, with a CAGR of +97.9% from 2012 to 2021. At the same time, Italy (+2.2%) displayed positive paces of growth. While the share of the Netherlands (+88 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Italy (-55.9 p.p.) displayed negative dynamics.

In value terms, Italy ($X) remains the largest oil dispensing pump supplier in the European Union, comprising 17% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 5.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Italy amounted to +6.8%.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, with a decrease of -85.7% against the previous year. In general, the export price recorded a precipitous curtailment. The growth pace was the most rapid in 2020 an increase of 17% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Italy ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.5%).

Oil Dispensing Pump Imports

Imports in the EU

In 2021, supplies from abroad of petrol and oil dispensing pumps was finally on the rise to reach X units after two years of decline. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports surged to $X in 2021. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands prevails in imports structure, finishing at X units, which was near 66% of total imports in 2021. It was distantly followed by Belgium (X units), committing an 8% share of total imports. Germany (X units), Italy (X units), Poland (X units), France (X units) and Spain (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the petrol and oil dispensing pumps imports, with a CAGR of +50.6% from 2012 to 2021. At the same time, Belgium (+25.1%), Spain (+16.3%), Poland (+13.2%), Germany (+2.1%) and Italy (+1.7%) displayed positive paces of growth. France experienced a relatively flat trend pattern. While the share of the Netherlands (+58 p.p.) and Belgium (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Poland (-2.4 p.p.), Italy (-12.4 p.p.), France (-12.5 p.p.) and Germany (-13.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 55% of total imports.

In terms of the main importing countries, the Netherlands, with a CAGR of +40.4%, recorded the highest growth rate of the value of imports, 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 the European Union stood at $X per unit in 2021, shrinking by -52.8% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 24%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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