Greece: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Greece

In 2021, the Greek oil dispensing pump market decreased by -23.9% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, saw prominent growth. Oil dispensing pump consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Greece

In 2021, the amount of petrol and oil dispensing pumps exported from Greece surged to X units, increasing by 88% against 2020 figures. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 164%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, oil dispensing pump exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 68%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Libya (X units), Switzerland (X units) and Ethiopia (X units) were the main destinations of oil dispensing pump exports from Greece, together comprising 52% of total exports. Norway, Qatar, Saudi Arabia, Algeria, Syrian Arab Republic, Thailand, Malaysia, Ghana and Poland lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +1,038.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oil dispensing pump exported from Greece were Ethiopia ($X), Libya ($X) and Switzerland ($X), with a combined 50% share of total exports. Norway, Saudi Arabia, Qatar, Thailand, Poland, Algeria, Syrian Arab Republic, Malaysia and Ghana lagged somewhat behind, together accounting for a further 38%.

Qatar, with a CAGR of +528.0%, saw 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, which is down by -33.2% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2014 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Ghana ($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 Qatar (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Imports

Imports into Greece

After three years of growth, purchases abroad of petrol and oil dispensing pumps decreased by -9.6% to X units in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then fell in the following year.

In value terms, oil dispensing pump imports declined sharply to $X in 2021. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 82%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of oil dispensing pump imports to Greece, together comprising 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +124.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Turkey ($X) and Germany ($X) appeared to be the largest oil dispensing pump suppliers to Greece, with a combined 85% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +123.8%, 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

The average oil dispensing pump import price stood at $X per unit in 2021, declining by -21.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 94%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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