Pakistan: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Pakistan

For the fourth consecutive year, the Pakistani oil dispensing pump market recorded decline in sales value, which decreased by -3.2% to $X in 2021. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.1% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Pakistan

For the fourth year in a row, Pakistan recorded decline in overseas shipments of petrol and oil dispensing pumps, which decreased by -50% to X units in 2021. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of 200%. The exports peaked 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 contracted notably to $X in 2021. Overall, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 168% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, the largest markets for oil dispensing pump exported from Pakistan were the United Arab Emirates ($X), Indonesia ($X) and Kenya ($X), with a combined 52% share of total exports.

The United Arab Emirates, with a CAGR of +0.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, waning by -83.9% against the previous year. In general, the export price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 136% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Bangladesh ($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 Indonesia (-1.4%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Pakistan

In 2021, oil dispensing pump imports into Pakistan declined to X units, which is down by -7.2% against the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 123% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, oil dispensing pump imports fell modestly to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.4% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 112%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of oil dispensing pump to Pakistan, accounting for a 68% share of total imports. Moreover, oil dispensing pump imports from Japan exceeded the figures recorded by the second-largest supplier, France (X units), sixfold. The third position in this ranking was taken by China (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.4% per year) and China (-13.2% per year).

In value terms, Japan ($X) constituted the largest supplier of petrol and oil dispensing pumps to Pakistan, comprising 72% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by China, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+50.5% per year) and China (-13.2% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, growing by 6.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 an increase of 47%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :