Fuel Filter Market

The global market for oil or petrol-filters for internal combustion engines is expected to see steady growth from 2022-2030, with a forecasted CAGR of +0.9% in volume and +2.3% in value. In 2022, consumption reached 3.9B units, with the United States, Germany, and China being the highest consumers. Production increased by 0.6% to 3.9B units in 2022, with China, Germany, and the United States leading in production volumes. On the export front, China was the main exporter with 43% of total exports, while Germany, the United States, and China were the largest exporters by value. Import prices and export prices both showed fluctuations over the years, with Germany having the highest export price and China the lowest. Overall, the global market for oil or petrol-filters is poised for continued growth based on consumption, production, exports, and imports data provided.

Market Forecast

Driven by increasing demand for oil or petrol-filters for internal combustion engines worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 4.2B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market value to $28.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Oil Or Petrol-Filters For Internal Combustion Engines

In 2022, the amount of oil or petrol-filters for internal combustion engines consumed worldwide was estimated at 3.9B units, growing by 1.5% compared with the year before. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.6% against 2015 indices. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in years to come.

The global fuel filter market size skyrocketed to $23.7B in 2022, picking up by 15% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a resilient increase. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (1B units), Germany (781M units) and China (325M units), together comprising 55% of global consumption. The Czech Republic, India, Japan, Brazil, Indonesia, Russia and Pakistan lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +38.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($5.5B), Germany ($2.9B) and the Czech Republic ($2.7B) constituted the countries with the highest levels of market value in 2022, together comprising 47% of the global market.

The Czech Republic, with a CAGR of +43.8%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of fuel filter per capita consumption was registered in the Czech Republic (21 units per person), followed by Germany (9.4 units per person), the United States (3.1 units per person) and Japan (0.8 units per person), while the world average per capita consumption of fuel filter was estimated at less than 0.1 units per person.

In the Czech Republic, fuel filter per capita consumption increased at an average annual rate of +38.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+36.1% per year) and the United States (+6.6% per year).

Production

World Production of Oil Or Petrol-Filters For Internal Combustion Engines

In 2022, production of oil or petrol-filters for internal combustion engines increased by 0.6% to 3.9B units, rising for the second year in a row after two years of decline. The total output volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40%. Over the period under review, global production attained the peak volume in 2022 and is likely to see steady growth in years to come.

In value terms, fuel filter production contracted slightly to $13.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 11%. Global production peaked at $15.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (964M units), Germany (813M units) and the United States (661M units), together comprising 62% of global production. The Czech Republic, India, Mexico, Japan, Indonesia and Pakistan lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the Czech Republic (with a CAGR of +22.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Oil Or Petrol-Filters For Internal Combustion Engines

In 2022, the amount of oil or petrol-filters for internal combustion engines imported worldwide skyrocketed to 1.6B units, picking up by 15% compared with the year before. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, fuel filter imports rose markedly to $9.3B in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the United States (526M units) was the largest importer of oil or petrol-filters for internal combustion engines, generating 33% of total imports. Russia (59M units), Brazil (57M units), Canada (51M units), the United Arab Emirates (50M units), China (45M units), Germany (44M units), Australia (35M units), the UK (34M units), Belgium (31M units), Hungary (26M units), Mexico (26M units) and Colombia (26M units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the oil or petrol-filters for internal combustion engines imports, with a CAGR of +20.5% from 2012 to 2022. At the same time, Hungary (+12.8%), Colombia (+9.5%), Brazil (+8.6%), Russia (+8.3%), the United Arab Emirates (+4.8%), Australia (+3.3%), the UK (+2.8%), China (+1.1%) and Mexico (+1.1%) displayed positive paces of growth. Belgium and Canada experienced a relatively flat trend pattern. By contrast, Germany (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +24 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fuel filter importing markets worldwide were the United States ($1.3B), Germany ($694M) and Belgium ($388M), with a combined 26% share of global imports. Canada, the UK, Russia, Mexico, Australia, the United Arab Emirates, China, Hungary, Brazil and Colombia lagged somewhat behind, together accounting for a further 26%.

Hungary, with a CAGR of +11.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average fuel filter import price amounted to $5.9 per unit, reducing by -5.9% against the previous year. Over the period under review, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2020 an increase of 10%. Global import price peaked at $7.6 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($16 per unit), while the United States ($2.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Oil Or Petrol-Filters For Internal Combustion Engines

In 2022, shipments abroad of oil or petrol-filters for internal combustion engines increased by 12% to 1.6B units, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, the global exports reached the maximum at 1.7B units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fuel filter exports expanded markedly to $8.5B in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

China represented the main exporter of oil or petrol-filters for internal combustion engines in the world, with the volume of exports accounting for 684M units, which was approx. 43% of total exports in 2022. The United States (144M units) took the second position in the ranking, followed by Mexico (114M units) and Germany (76M units). All these countries together held near 21% share of total exports. The United Arab Emirates (59M units), Turkey (49M units), India (45M units), Tunisia (38M units), South Korea (29M units), Thailand (28M units), the Czech Republic (26M units) and Belgium (24M units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fuel filter exports from China stood at +7.8%. At the same time, the United Arab Emirates (+39.5%), Turkey (+18.8%), India (+14.2%), Mexico (+11.2%), Tunisia (+10.7%), Thailand (+8.7%) and South Korea (+5.6%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.5% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, the Czech Republic (-2.4%), Belgium (-6.2%) and Germany (-7.4%) illustrated a downward trend over the same period. China (+19 p.p.), Mexico (+4.2 p.p.), the United Arab Emirates (+3.6 p.p.), Turkey (+2.5 p.p.) and India (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while Belgium, the United States and Germany saw its share reduced by -2%, -2.9% and -7.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fuel filter supplying countries worldwide were Germany ($1.4B), the United States ($1.2B) and China ($1.1B), together comprising 44% of global exports. Mexico, the Czech Republic, Belgium, Turkey, the United Arab Emirates, Thailand, India, South Korea and Tunisia lagged somewhat behind, together accounting for a further 24%.

The United Arab Emirates, with a CAGR of +31.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average fuel filter export price stood at $5.4 per unit in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $5.7 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($19 per unit), while China ($1.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform