Italy: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Italy

After three years of decline, the Italian fuel or lubricating pump market increased by 175% to $X in 2021. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Italy

In value terms, fuel or lubricating pump production surged to $X in 2021 estimated in export price. In general, production enjoyed a strong increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Italy

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 79% to X units, rising for the second year in a row after two years of decline. In general, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 13%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Poland (X units) and France (X units) were the main destinations of fuel or lubricating pump exports from Italy, with a combined 41% share of total exports. The Czech Republic, the United States, Austria, the UK, Turkey, the Netherlands, India, Belgium and Spain lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +47.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for fuel, lubricating or cooling-medium pumps for internal combustion engines exports from Italy, comprising 26% of total exports. The second position in the ranking was held by Austria ($X), with an 11% share of total exports. It was followed by Poland, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+12.1% per year) and Poland (-2.6% per year).

Export Prices by Country

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, waning by -38.2% against the previous year. In general, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 5.4% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Turkey ($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 Austria (-2.2%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Italy

In 2021, purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines increased by 66% to X units, rising for the fifth year in a row after two years of decline. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fuel or lubricating pump imports skyrocketed to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest fuel or lubricating pump supplier to Italy, accounting for a 44% share of total imports. Moreover, fuel or lubricating pump imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Czech Republic (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.3% per year) and the Czech Republic (+7.1% per year).

In value terms, Germany ($X), the Czech Republic ($X) and China ($X) constituted the largest fuel or lubricating pump suppliers to Italy, together comprising 56% of total imports. These countries were followed by Austria, France, the United States, India, the UK, Spain, Japan and Indonesia, which together accounted for a further 32%.

Indonesia, with a CAGR of +32.9%, saw the highest rates of growth with regard to 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

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, with a decrease of -20.1% against the previous year. Over the period under review, the import price recorded a deep contraction. The growth pace was the most rapid in 2015 when the average import price increased by 16% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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