
United Kingdom - Petrol And Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends And Insights
UK Oil Dispensing Pump Price Increases 8%, Averaging $403 per Unit
United Kingdom Oil Dispensing Pump Export Price in July 2022
In July 2022, the oil dispensing pump price amounted to $403 per unit (FOB, United Kingdom), with an increase of 7.6% against the previous month. In general, the export price, however, showed a slight slump. The export price peaked at $440 per unit in January 2022; however, from February 2022 to July 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In July 2022, the highest price was recorded for prices to Algeria ($453 per unit) and France ($449 per unit), while the average price for exports to India ($345 per unit) and Italy ($366 per unit) were amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
United Kingdom Oil Dispensing Pump Exports
In July 2022, the amount of petrol and oil dispensing pumps exported from the UK dropped markedly to 24K units, waning by -18.8% on the previous month. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 when exports increased by 39% month-to-month. As a result, the exports reached the peak of 34K units; afterwards, it flattened through to July 2022.
In value terms, oil dispensing pump exports contracted to $9.6M (IndexBox estimates) in July 2022. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in February 2022 when exports increased by 24% month-to-month. Over the period under review, the exports reached the maximum at 14M units in March 2022; however, from April 2022 to July 2022, the exports stood at a somewhat lower figure.
United Kingdom Oil Dispensing Pump Exports by Country
The Netherlands (15K units) was the main destination for oil dispensing pump exports from the UK, with a 65% share of total exports. Moreover, oil dispensing pump exports to the Netherlands exceeded the volume sent to the second major destination, Algeria (2.2K units), sevenfold. Italy (2K units) ranked third in terms of total exports with an 8.3% share.
From January 2022 to July 2022, the average monthly growth rate of volume to the Netherlands amounted to +10.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Algeria (+4.6% per month) and Italy (-5.2% per month).
In value terms, the Netherlands ($6M) remains the key foreign market for oil dispensing pump exports from the UK, comprising 63% of total exports. The second position in the ranking was taken by Algeria ($977K), with a 10% share of total exports. It was followed by Italy, with a 7.5% share.
From January 2022 to July 2022, the average monthly growth rate of value to the Netherlands stood at +8.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Algeria (+3.0% per month) and Italy (-12.7% per month).
This report provides an in-depth analysis of the oil dispensing pump market in the UK. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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