Portugal: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Portugal

The Portuguese oil dispensing pump market dropped to $X in 2021, waning by -9.8% against the previous year. Overall, consumption saw a mild decrease. Oil dispensing pump consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Oil Dispensing Pump Production in Portugal

In value terms, oil dispensing pump production reached $X in 2021 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.6% against 2015 indices. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. Oil dispensing pump production peaked in 2021 and is likely to see gradual growth in the near future.

Oil Dispensing Pump Exports

Exports from Portugal

Oil dispensing pump exports from Portugal skyrocketed to X units in 2021, growing by 18% compared with 2020. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, oil dispensing pump exports dropped modestly to $X in 2021. Overall, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. The exports peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Tunisia (X units) was the main destination for oil dispensing pump exports from Portugal, with a 33% share of total exports. Moreover, oil dispensing pump exports to Tunisia exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tunisia amounted to +119.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+18.8% per year) and Poland (-1.2% per year).

In value terms, the largest markets for oil dispensing pump exported from Portugal were Spain ($X), the UK ($X) and Poland ($X), with a combined 58% share of total exports. Tunisia, Algeria, Sweden, Cameroon, Germany, Switzerland, Malta, Ireland, Morocco and Bulgaria lagged somewhat behind, together accounting for a further 25%.

Sweden, with a CAGR of +67.5%, 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 more modest paces of growth.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, dropping by -15.9% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per unit), while the average price for exports to Bulgaria ($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 Algeria (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Portugal

In 2021, after two years of growth, there was significant decline in overseas purchases of petrol and oil dispensing pumps, when their volume decreased by -8.4% to X units. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 91%. Over the period under review, imports reached the maximum at X units in 2020, and then contracted in the following year.

In value terms, oil dispensing pump imports expanded rapidly to $X in 2021. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 89% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X units), the Netherlands (X units) and Italy (X units) were the main suppliers of oil dispensing pump imports to Portugal, together accounting for 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +119.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) constituted the largest oil dispensing pump suppliers to Portugal, together comprising 89% of total imports.

The Netherlands, with a CAGR of +183.1%, saw the highest growth rate of 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

The average oil dispensing pump import price stood at $X per unit in 2021, surging by 15% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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