United Kingdom: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the UK

In 2021, the UK fuel or lubricating pump market decreased by -14.6% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fuel or lubricating pump consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in the UK

In value terms, fuel or lubricating pump production contracted to $X in 2021 estimated in export price. In general, production posted a strong increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 20%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from the UK

In 2021, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports skyrocketed to $X in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), Germany (X units) and Italy (X units) were the main destinations of fuel or lubricating pump exports from the UK, together accounting for 31% 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 Poland (with a CAGR of +48.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuel or lubricating pump exported from the UK were the United States ($X), Germany ($X) and the Netherlands ($X), with a combined 24% share of total exports. These countries were followed by China, France, Brazil, Belgium, India, Poland, Italy and Turkey, which together accounted for a further 26%.

Among the main countries of destination, India, with a CAGR of +34.0%, saw the highest growth rate of 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 fuel or lubricating pump export price amounted to $X per unit, increasing by 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2020 an increase of 22%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Poland ($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 Brazil (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into the UK

For the fifth year in a row, the UK recorded decline in purchases abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines, which decreased by -13.7% to X units in 2021. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 21% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, fuel or lubricating pump imports shrank to $X in 2021. Over the period under review, imports recorded a slight curtailment. The growth pace was the most rapid in 2013 when imports increased by 19% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of fuel or lubricating pump imports to the UK, with a combined 25% share of total imports. These countries were followed by Turkey, the Czech Republic, Japan, India, Romania, the United States and France, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to the UK, comprising 13% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 5.9% share of total imports. It was followed by Italy, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-9.6% per year) and Italy (-6.0% per year).

Import Prices by Country

In 2021, the average fuel or lubricating pump import price amounted to $X per unit, growing by 6.3% against the previous year. Over the period under review, the import price saw resilient growth. The pace of growth appeared the most rapid in 2015 an increase of 47%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Turkey ($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 (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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