Europe: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Europe

The Europe oil dispensing pump market fell dramatically to $X in 2021, reducing by -22.9% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Production in Europe

In value terms, oil dispensing pump production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 51%. The level of production peaked at $X in 2020, and then shrank in the following year.

Oil Dispensing Pump Exports

Exports in Europe

In 2021, exports of petrol and oil dispensing pumps in Europe skyrocketed to X units, increasing by 531% against the year before. Over the period under review, exports recorded significant growth. 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 skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands prevails in exports structure, amounting to X units, which was near 91% of total exports in 2021. Italy (X units) held a minor share of total exports.

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 (-37.3 p.p.) displayed negative dynamics.

In value terms, Italy ($X) remains the largest oil dispensing pump supplier in Europe, comprising 12% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 4% share of total exports.

In Italy, oil dispensing pump exports increased at an average annual rate of +6.8% over the period from 2012-2021.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, declining by -81.7% against the previous year. Overall, the export price continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2015 an increase of 55%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the Netherlands amounted to $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 Europe

In 2021, the amount of petrol and oil dispensing pumps imported in Europe contracted slightly to X units, which is down by -4.4% on the previous year's figure. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 120%. As a result, imports reached the peak of X units, and then fell slightly in the following year.

In value terms, oil dispensing pump imports soared to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X units) represented the key importer of petrol and oil dispensing pumps, mixing up 56% of total imports. The UK (X units) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (6.7%). Germany (X units), Russia (X units), Italy (X units), Poland (X units), France (X units) and Spain (X units) took a little share of total imports.

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%), the UK (+7.9%), Russia (+2.3%), Germany (+2.1%) and Italy (+1.7%) displayed positive paces of growth. France experienced a relatively flat trend pattern. The Netherlands (+50 p.p.) and Belgium (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Russia, Italy, France, Germany and the UK saw its share reduced by -6.8%, -7.1%, -7.3%, -7.9% and -10.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Belgium ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 48% of total imports.

The Netherlands, with a CAGR of +40.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Europe amounted to $X per unit, jumping by 37% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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