Switzerland: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Switzerland

In 2021, the Swiss oil dispensing pump market increased by 19% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption showed a relatively flat trend pattern. Oil dispensing pump consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Oil Dispensing Pump Production in Switzerland

In value terms, oil dispensing pump production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Switzerland

In 2021, overseas shipments of petrol and oil dispensing pumps decreased by -54.2% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, oil dispensing pump exports contracted significantly to $X in 2021. Over the period under review, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2017 when exports increased by 37%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for oil dispensing pump exports from Switzerland, with a 48% share of total exports. Moreover, oil dispensing pump exports to Germany exceeded the volume sent to the second major destination, Ireland (X units), threefold. China (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-11.0% per year) and China (-18.7% per year).

In value terms, Germany ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Switzerland, comprising 33% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports. It was followed by Ireland, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-19.6% per year) and Ireland (-11.0% per year).

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, dropping by -29.8% against the previous year. Overall, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 46% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Serbia ($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 France (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Switzerland

Oil dispensing pump imports into Switzerland reduced to X units in 2021, waning by -8.4% on the previous year. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.7% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 31%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, oil dispensing pump imports contracted to $X in 2021. In general, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -45.7% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of oil dispensing pump imports to Switzerland, with a combined 83% share of total imports. These countries were followed by the UK, France and Taiwan (Chinese), which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +33.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Italy ($X) constituted the largest oil dispensing pump suppliers to Switzerland, with a combined 75% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +49.7%, recorded the highest growth rate of 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, with an increase of 6.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 60% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :