New Zealand: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in New Zealand

The New Zealand oil dispensing pump market shrank remarkably to $X in 2021, declining by -25.5% against the previous year. Overall, consumption showed a perceptible decrease. Oil dispensing pump consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Oil Dispensing Pump Production in New Zealand

In value terms, oil dispensing pump production contracted to $X in 2021 estimated in export price. Overall, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Oil Dispensing Pump Exports

Exports from New Zealand

In 2021, after four years of decline, there was significant growth in overseas shipments of petrol and oil dispensing pumps, when their volume increased by 221% to X units. Over the period under review, exports, however, continue to indicate a pronounced curtailment. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, oil dispensing pump exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for oil dispensing pump exports from New Zealand, with a 86% share of total exports. Moreover, oil dispensing pump exports to Australia exceeded the volume sent to the second major destination, India (X units), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+8.7% per year) and Samoa (+36.1% per year).

In value terms, Australia ($X) remains the key foreign market for petrol and oil dispensing pumps exports from New Zealand, comprising 80% of total exports. The second position in the ranking was held by India ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.3% per year) and Samoa (+19.0% per year).

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, reducing by -31.6% against the previous year. Over the period under review, the export price, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 62% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Samoa ($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 Australia (+2.9%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into New Zealand

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 6.5% to X units, rising for the third consecutive year after three years of decline. In general, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2015 when imports increased by 683%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, oil dispensing pump imports shrank dramatically to $X in 2021. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2015 when imports increased by 224%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of oil dispensing pump to New Zealand, accounting for a 37% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was held by the United States (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+42.1% per year) and the United States (+15.8% per year).

In value terms, the UK ($X) constituted the largest supplier of petrol and oil dispensing pumps to New Zealand, comprising 60% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the UK totaled +80.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.8% per year) and Sweden (+8.0% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, waning by -25.2% against the previous year. Overall, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 302%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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