Kazakhstan: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Kazakhstan

The Kazakh oil dispensing pump market shrank to $X in 2021, which is down by -11.9% against the previous year. Overall, consumption recorded a slight decline. Oil dispensing pump consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Oil Dispensing Pump Production in Kazakhstan

In value terms, oil dispensing pump production shrank remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 81% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Kazakhstan

After three years of growth, overseas shipments of petrol and oil dispensing pumps decreased by -42.6% to X units in 2021. In general, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2016 when exports increased by 310%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, oil dispensing pump exports dropped sharply to $X in 2021. Overall, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 170% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X units) was the main destination for oil dispensing pump exports from Kazakhstan, with a 60% share of total exports. Moreover, oil dispensing pump exports to Kyrgyzstan exceeded the volume sent to the second major destination, Russia (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Kyrgyzstan stood at -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-32.2% per year) and Uzbekistan (+11.4% per year).

In value terms, Kyrgyzstan ($X) emerged as the key foreign market for petrol and oil dispensing pumps exports from Kazakhstan, comprising 60% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kyrgyzstan totaled -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+1.4% per year) and Russia (-38.6% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, falling by -2.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 69%. 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 stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Russia ($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 the Netherlands (+81.8%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Kazakhstan

In 2021, supplies from abroad of petrol and oil dispensing pumps increased by 43% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 86%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, oil dispensing pump imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2013; afterwards, it flattened through to 2021.

Imports by Country

Germany (X units), Russia (X units) and the United States (X units) were the main suppliers of oil dispensing pump imports to Kazakhstan, with a combined 55% share of total imports. The Netherlands, China, the Czech Republic, the UK, Lithuania and Turkey lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +27.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil dispensing pump suppliers to Kazakhstan were Germany ($X), Russia ($X) and the UK ($X), together accounting for 53% of total imports. The United States, the Netherlands, the Czech Republic, China, Lithuania and Turkey lagged somewhat behind, together accounting for a further 20%.

Lithuania, with a CAGR of +34.0%, recorded the highest rates of growth with regard to 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

In 2021, the average oil dispensing pump import price amounted to $X per unit, with an increase of 51% against the previous year. Over the period under review, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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