Sweden: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Sweden

The Swedish oil dispensing pump market was estimated at $X in 2021, with an increase of 5.3% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Oil Dispensing Pump Production in Sweden

In value terms, oil dispensing pump production reduced rapidly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 168% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Oil Dispensing Pump Exports

Exports from Sweden

In 2021, overseas shipments of petrol and oil dispensing pumps increased by 36% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, saw a abrupt decline. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, oil dispensing pump exports skyrocketed to $X in 2021. Overall, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 18%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Denmark (X units) and Finland (X units) were the main destinations of oil dispensing pump exports from Sweden, together accounting for 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +0.5%), while the other leaders experienced a decline.

In value terms, Norway ($X), France ($X) and Denmark ($X) were the largest markets for oil dispensing pump exported from Sweden worldwide, together accounting for 77% of total exports.

In terms of the main countries of destination, Norway, with a CAGR of -2.1%, saw the highest growth rate of the value of exports, 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, which is down by -14.4% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Denmark ($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 Norway (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Sweden

In 2021, purchases abroad of petrol and oil dispensing pumps increased by 40% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports reached $X in 2021. Overall, imports showed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 75%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest oil dispensing pump supplier to Sweden, accounting for a 72% share of total imports. Moreover, oil dispensing pump imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by China (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.0% per year) and China (-9.1% per year).

In value terms, Germany ($X) constituted the largest supplier of petrol and oil dispensing pumps to Sweden, comprising 52% of total imports. The second position in the ranking was taken by Ireland ($X), with a 6.8% share of total imports. It was followed by Italy, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+39.4% per year) and Italy (+11.3% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2021, reducing by -23.5% against the previous year. Over the period under review, the import price saw a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 73%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+43.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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