Report Update Nov 1, 2024

U.S. - Petrol and Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in the U.S.

In 2021, the U.S. oil dispensing pump market increased by 50% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Oil Dispensing Pump Exports

Exports from the U.S.

In 2021, approx. X units of petrol and oil dispensing pumps were exported from the United States; picking up by 19% compared with the year before. In general, exports, however, continue to indicate a noticeable setback. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, oil dispensing pump exports rose to $X in 2021. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 3.6% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Slovakia (X units) were the main destinations of oil dispensing pump exports from the United States, with a combined 52% share 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 Slovakia (with a CAGR of +165.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oil dispensing pump exported from the United States were Canada ($X), Mexico ($X) and Germany ($X), together comprising 63% of total exports. Peru, South Africa, Australia, Slovakia, Brazil, the Netherlands, China, the United Arab Emirates and the Czech Republic lagged somewhat behind, together accounting for a further 11%.

Among the main countries of destination, Slovakia, with a CAGR of +94.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average oil dispensing pump export price amounted to $X per unit, waning by -13.8% against the previous year. Overall, the export price showed a mild descent. The pace of growth was the most pronounced in 2020 an increase of 15%. 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 foreign markets. In 2021, the country with the highest price was Peru ($X per unit), while the average price for exports to Slovakia ($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 Mexico (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into the U.S.

For the fifth consecutive year, the United States recorded growth in purchases abroad of petrol and oil dispensing pumps, which increased by 38% to X units in 2021. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, oil dispensing pump imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of oil dispensing pump to the United States, accounting for a 74% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. Austria (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.7% per year) and Austria (+208.7% per year).

In value terms, Austria ($X), China ($X) and Denmark ($X) were the largest oil dispensing pump suppliers to the United States, with a combined 67% share of total imports.

Austria, with a CAGR of +181.5%, recorded the highest rates of growth with regard to 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, surging by 18% against the previous year. In general, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per unit), while the price for China ($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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for petrol and oil dispensing pumps in the world?

The country with the largest volume of oil dispensing pump consumption was China, comprising approx. 25% of total volume. Moreover, oil dispensing pump consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Belgium, with a 7.6% share.

What are the largest producers of petrol and oil dispensing pumps in the world?

China remains the largest oil dispensing pump producing country worldwide, comprising approx. 38% of total volume. Moreover, oil dispensing pump production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by Italy, with a 7.6% share.

What are the leading suppliers of petrol and oil dispensing pumps to the U.S.?

In value terms, China, Canada and Italy appeared to be the largest oil dispensing pump suppliers to the United States, with a combined 54% share of total imports. Austria, India, Taiwan Chinese) and the UK lagged somewhat behind, together accounting for a further 20%.

What are the leading importers of petrol and oil dispensing pumps from the U.S.?

In value terms, Mexico, Canada and Germany appeared to be the largest markets for oil dispensing pump exported from the United States worldwide, together comprising 63% of total exports. These countries were followed by Saudi Arabia, Malaysia, Chile, Slovakia, South Africa, Australia, China, the Netherlands and Brazil, which together accounted for a further 13%.

What is the average export price for petrol and oil dispensing pumps in the U.S.?

In 2020, the average oil dispensing pump export price amounted to $1,284 per unit, with an increase of 38% against the previous year.

What is the average import price for petrol and oil dispensing pumps in the U.S.?

In 2020, the average oil dispensing pump import price amounted to $63 per unit, increasing by 12% against the previous year.

This report provides an in-depth analysis of the oil dispensing pump market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28131105 - Petrol and oil dispensing pumps, unit

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023