Spain: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Spain

The Spanish oil dispensing pump market skyrocketed to $X in 2021, increasing by 447% against the previous year. Overall, consumption, however, saw a mild slump. Oil dispensing pump consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Oil Dispensing Pump Production in Spain

In value terms, oil dispensing pump production shrank modestly to $X in 2021 estimated in export price. In general, the total production indicated mild growth 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, production decreased by -14.4% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Oil Dispensing Pump Exports

Exports from Spain

In 2021, after three years of growth, there was significant decline in overseas shipments of petrol and oil dispensing pumps, when their volume decreased by -22.5% to X units. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by 80% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then reduced remarkably in the following year.

In value terms, oil dispensing pump exports rose remarkably to $X in 2021. In general, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X units), French Polynesia (X units) and Marshall Islands (X units) were the main destinations of oil dispensing pump exports from Spain, together comprising 68% of total exports. Niger, India, France, Italy, Chile, Mexico, Ecuador, Saudi Arabia and Cuba lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +82.1%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Spain, comprising 55% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by France, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Portugal amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+100.0% per year) and France (+43.8% per year).

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2021, growing by 39% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Niger ($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 Austria (+3,524.7%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Spain

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 168% to X units, rising for the third consecutive year after four years of decline. Overall, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports surged to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of oil dispensing pump to Spain, with a 46% share of total imports. Moreover, oil dispensing pump imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Portugal (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +57.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.1% per year) and Portugal (+23.6% per year).

In value terms, the Netherlands ($X), Portugal ($X) and Italy ($X) appeared to be the largest oil dispensing pump suppliers to Spain, together comprising 82% of total imports.

The Netherlands, with a CAGR of +46.1%, saw the highest growth rate of the value of imports, in terms of 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, waning by -46.6% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 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 Sweden ($X per unit), while the price for China ($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 (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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