France: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in France

In 2021, the French oil dispensing pump market increased by 4.9% to $X, rising for the third year in a row after four years of decline. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +125.4% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Oil Dispensing Pump Production in France

In value terms, oil dispensing pump production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 31% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Oil Dispensing Pump Exports

Exports from France

In 2021, overseas shipments of petrol and oil dispensing pumps decreased by -4.1% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 167%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oil dispensing pump exports declined remarkably to $X in 2021. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units), Gabon (X units) and Senegal (X units) were the main destinations of oil dispensing pump exports from France, with a combined 33% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +56.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Cote d'Ivoire ($X) and Senegal ($X) appeared to be the largest markets for oil dispensing pump exported from France worldwide, with a combined 38% share of total exports. Morocco, the UK, Benin, Gabon, Cameroon, New Caledonia, Belgium, Spain, Germany and Italy lagged somewhat behind, together comprising a further 44%.

Benin, with a CAGR of +61.3%, 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

In 2021, the average oil dispensing pump export price amounted to $X per unit, reducing by -20.4% against the previous year. Overall, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 94%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cameroon ($X per unit), while the average price for exports to Italy ($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 Benin (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into France

In 2021, overseas purchases of petrol and oil dispensing pumps increased by 1.4% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 28%. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, oil dispensing pump imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 48% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of oil dispensing pump imports to France, with a combined 78% share of total imports. The Czech Republic, Spain, India, Belgium and Sweden lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +106.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) appeared to be the largest oil dispensing pump suppliers to France, together comprising 65% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +125.1%, recorded the highest rates of growth with regard to 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

In 2021, the average oil dispensing pump import price amounted to $X per unit, with an increase of 1.9% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oil dispensing pump import price increased by +7.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :