Indonesia: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Indonesia

The Indonesian oil dispensing pump market skyrocketed to $X in 2021, growing by 30% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Oil Dispensing Pump Exports

Exports from Indonesia

In 2021, the amount of petrol and oil dispensing pumps exported from Indonesia surged to X units, picking up by 124% compared with the previous year. In general, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 179%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, oil dispensing pump exports dropped to $X in 2021. Overall, exports, however, showed a deep downturn. The growth pace was the most rapid in 2013 when exports increased by 108%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X units) was the main destination for oil dispensing pump exports from Indonesia, with a 56% share of total exports. Moreover, oil dispensing pump exports to Papua New Guinea exceeded the volume sent to the second major destination, Timor-Leste (X units), twofold. The third position in this ranking was held by Singapore (X units), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Papua New Guinea amounted to +102.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+11.8% per year) and Singapore (-4.9% per year).

In value terms, the largest markets for oil dispensing pump exported from Indonesia were Singapore ($X), the United States ($X) and Papua New Guinea ($X), together comprising 80% of total exports.

Papua New Guinea, with a CAGR of +159.7%, 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

The average oil dispensing pump export price stood at $X per unit in 2021, reducing by -58.7% against the previous year. In general, the export price saw a dramatic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 82% against the previous year. Over the period under review, the average 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.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Singapore ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Papua New Guinea (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Indonesia

Oil dispensing pump imports into Indonesia soared to X units in 2021, increasing by 41% compared with the previous year. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 167% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, oil dispensing pump imports skyrocketed to $X in 2021. In general, imports posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 92%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), South Korea (X units) and Japan (X units) were the main suppliers of oil dispensing pump imports to Indonesia, together accounting for 93% of total imports. These countries were followed by the UK, India, the United States and Singapore, which together accounted for a further 6.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest oil dispensing pump suppliers to Indonesia were Japan ($X), China ($X) and South Korea ($X), together comprising 87% of total imports. The UK, the United States, India and Singapore lagged somewhat behind, together accounting for a further 11%.

India, with a CAGR of +58.7%, recorded the highest growth rate of the value of imports, among the main suppliers 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, waning by -12.2% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oil dispensing pump import price decreased by -2.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 66% against the previous year. Over the period under review, average import prices reached the maximum 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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