Japan: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Japan

The Japanese oil dispensing pump market declined to $X in 2021, waning by -4% against the previous year. Overall, consumption continues to indicate a noticeable downturn. 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 Production in Japan

In value terms, oil dispensing pump production dropped slightly to $X in 2021 estimated in export price. In general, production saw a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 37%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Japan

In 2021, the amount of petrol and oil dispensing pumps exported from Japan soared to X units, rising by 89% compared with the previous year. In general, exports saw temperate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 20% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Pakistan (X units) and the Philippines (X units) were the main destinations of oil dispensing pump exports from Japan, together comprising 61% of total exports. Oman, Vietnam, Malaysia and Thailand lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Pakistan ($X) and the Philippines ($X) were the largest markets for oil dispensing pump exported from Japan worldwide, with a combined 64% share of total exports. Vietnam, Malaysia, Thailand and Oman lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Oman, with a CAGR of +23.8%, 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

The average oil dispensing pump export price stood at $X per unit in 2021, which is down by -41.5% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Oman ($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 Libya (+62.7%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Imports

Imports into Japan

In 2021, imports of petrol and oil dispensing pumps into Japan soared to X units, growing by 704% against 2020 figures. Overall, 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, oil dispensing pump imports soared to $X in 2021. Over the period under review, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of oil dispensing pump to Japan, accounting for a 84% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. The United States (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.4% per year) and the United States (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of petrol and oil dispensing pumps to Japan, comprising 80% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.1% share of total imports. It was followed by Taiwan (Chinese), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+33.2% per year) and Taiwan (Chinese) (+18.0% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, jumping by 45% against the previous year. In general, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 98% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for Taiwan (Chinese) ($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 (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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