Germany: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Germany

The German oil dispensing pump market skyrocketed to $X in 2021, rising by 34% 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 failed to regain momentum.

Oil Dispensing Pump Production in Germany

In value terms, oil dispensing pump production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild slump. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Germany

In 2021, oil dispensing pump exports from Germany surged to X units, with an increase of 21% on 2020. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 106% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, oil dispensing pump exports stood at $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 20% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Australia (X units) was the main destination for oil dispensing pump exports from Germany, accounting for a 17% share of total exports. Moreover, oil dispensing pump exports to Australia exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The United States (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+32.1% per year) and the United States (+77.9% per year).

In value terms, the largest markets for oil dispensing pump exported from Germany were Australia ($X), the United States ($X) and Poland ($X), together comprising 26% of total exports. These countries were followed by France, the Netherlands, Russia, the UK, Turkey, Austria, Sweden, Saudi Arabia, the United Arab Emirates and Slovenia, which together accounted for a further 34%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +108.9%, recorded the highest growth rate of the value of exports, 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, waning by -8.7% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 3.8%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to the United Arab Emirates ($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 Poland (-1.0%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Germany

In 2021, the amount of petrol and oil dispensing pumps imported into Germany skyrocketed to X units, growing by 30% against the year before. Overall, imports posted perceptible growth. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, oil dispensing pump imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), Belgium (X units) and the Netherlands (X units) were the main suppliers of oil dispensing pump imports to Germany, with a combined 68% share of total imports. China, France, Poland, the Czech Republic, the United States, Sweden, Switzerland and the UK lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +86.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of petrol and oil dispensing pumps to Germany, comprising 36% of total imports. The second position in the ranking was held by Belgium ($X), with a 17% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+64.9% per year) and Italy (+30.1% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, dropping by -8.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 111%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($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 United States (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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