Romania: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Romania

The Romanian oil dispensing pump market soared to $X in 2021, surging by 28% against the previous year. In general, consumption showed a modest expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Oil Dispensing Pump Production in Romania

In value terms, oil dispensing pump production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The growth pace was the most rapid in 2017 with an increase of 419%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Romania

After two years of growth, overseas shipments of petrol and oil dispensing pumps decreased by -32.1% to X units in 2021. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 586%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, oil dispensing pump exports reduced sharply to $X in 2021. Overall, exports, however, continue to indicate temperate growth. The pace of growth was the most pronounced in 2019 with an increase of 593%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Moldova (X units) was the main destination for oil dispensing pump exports from Romania, with a 82% share of total exports. Moreover, oil dispensing pump exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X units), more than tenfold. The third position in this ranking was held by Hungary (X units), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova totaled +77.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+26.3% per year) and Hungary (+8.5% per year).

In value terms, Moldova ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Romania, comprising 90% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 4.9% share of total exports. It was followed by Greece, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to Moldova amounted to +154.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+32.4% per year) and Greece (+72.3% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, which is down by -30.5% against the previous year. Over the period under review, the export price recorded a significant curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 477% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Hungary ($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 United States (+171.5%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Romania

In 2021, the amount of petrol and oil dispensing pumps imported into Romania skyrocketed to X units, rising by 86% against the previous year. In general, imports saw a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 283%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, oil dispensing pump imports soared to $X in 2021. Overall, imports saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 109%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of oil dispensing pump imports to Romania, with a combined 71% share of total imports. These countries were followed by the Netherlands, Poland, Latvia, China and Belgium, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +124.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest oil dispensing pump suppliers to Romania were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 85% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +114.9%, saw the highest rates of growth with regard to the value of imports, 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, leveling off at the previous year. Over the period under review, the import price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 220%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :