Luxembourg: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Luxembourg

The Luxembourg oil dispensing pump market dropped dramatically to $X in 2021, with a decrease of -40.6% 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, however, continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Luxembourg

In 2021, shipments abroad of petrol and oil dispensing pumps increased by 74% to X units, rising for the second year in a row after four years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 342% against the previous year. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, oil dispensing pump exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for oil dispensing pump exports from Luxembourg, with a 71% share of total exports. Moreover, oil dispensing pump exports to Sweden exceeded the volume sent to the second major destination, Germany (X units), sevenfold. The third position in this ranking was held by Belgium (X units), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-33.8% per year) and Belgium (+33.4% per year).

In value terms, Sweden ($X) emerged as the key foreign market for petrol and oil dispensing pumps exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.6% per year) and Belgium (-10.6% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, picking up by 54% against the previous year. Overall, the export price, however, recorded a sharp decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 572%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Germany ($X per unit) and France ($X per unit), while the average price for exports to Oman ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-16.8%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Luxembourg

In 2021, oil dispensing pump imports into Luxembourg declined remarkably to X units, dropping by -39.8% against the previous year. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 685% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, oil dispensing pump imports fell remarkably to $X in 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 66%. Over the period under review, imports reached the peak figure at $X in 2020, and then contracted significantly in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest oil dispensing pump supplier to Luxembourg, accounting for a 58% share of total imports. Moreover, oil dispensing pump imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by Belgium (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.6% per year) and Belgium (-0.8% per year).

In value terms, Germany ($X) constituted the largest supplier of petrol and oil dispensing pumps to Luxembourg, comprising 55% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.5% per year) and the Netherlands (+21.8% per year).

Import Prices by Country

In 2021, the average oil dispensing pump import price amounted to $X per unit, with an increase of 4.6% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 256% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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