Ireland: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Ireland

In 2021, the Irish oil dispensing pump market decreased by -47.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a perceptible reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Ireland

In 2021, approx. X units of petrol and oil dispensing pumps were exported from Ireland; surging by 105% on the previous year. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump exports soared to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for oil dispensing pump exports from Ireland, accounting for a 97% share of total exports. It was followed by New Zealand (X units), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +111.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+23.1% per year) and the United States (-23.7% per year).

In value terms, the UK ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Ireland, comprising 93% of total exports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +66.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-25.0% per year) and New Zealand (-1.5% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, dropping by -35.1% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to New Zealand ($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 India (+3.2%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Ireland

After two years of growth, supplies from abroad of petrol and oil dispensing pumps decreased by -48.2% to X units in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 286% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, oil dispensing pump imports reduced rapidly to $X in 2021. Over the period under review, imports showed a slight decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 220% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of oil dispensing pump to Ireland, with a 61% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-12.4% per year) and Germany (+5.6% per year).

In value terms, China ($X), the UK ($X) and Germany ($X) constituted the largest oil dispensing pump suppliers to Ireland, together comprising 81% of total imports. These countries were followed by Italy and Poland, which together accounted for a further 3.8%.

Poland, with a CAGR of +75.8%, recorded the highest growth rate of the value of imports, in terms of 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, with an increase of 20% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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