Report Update: May 1, 2024

Colombia - Petrol And Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends And Insights

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Oil Dispensing Pump Price in Colombia - 2022

Oil Dispensing Pump Price in Colombia (CIF) - 2022

In February 2022, the average oil dispensing pump import price amounted to $1,529 per unit, waning by -13.5% against the previous month. Overall, import price indicated a modest increase from February 2021 to February 2022: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, oil dispensing pump import price increased by +81.5% against October 2021 indices. The pace of growth was the most pronounced in November 2021 when the average import price increased by 119% m-o-m. The import price peaked at $1,925 per unit in September 2021; afterwards, it flattened through to February 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($5,040 per unit), while the price for Italy ($127 per unit) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Oil Dispensing Pump Price in Colombia (FOB) - 2022

In 2022, the average oil dispensing pump export price amounted to $2,138 per unit, with an increase of 361% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 467%. Over the period under review, the average export prices attained the peak figure at $2,346 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($6,888 per unit), while the average price for exports to the United States ($323 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Imports in Colombia

Oil dispensing pump imports into Colombia skyrocketed to 6.3K units in 2022, with an increase of 47% compared with 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports skyrocketed to $6M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 57%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Oil Dispensing Pump in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	1,100	1,240	1,827	3,047	40.4%
China	312	474	886	1,692	75.7%
United States	1,028	451	911	836	-6.7%
Italy	113	182	85.5	198	20.6%
Spain	24.8	9.3	26.8	39.4	16.7%
India	2.9	5.2	1.9	8.0	40.2%
Portugal	24.7	28.4	32.7	N/A	15.1%
Others	486	242	349	184	-27.7%
Total	3,093	2,631	4,120	6,004	24.7%

Top Suppliers of Oil Dispensing Pump to Colombia in 2022:

China (4244.0 units)
Italy (669.0 units)
Brazil (611.0 units)
United States (439.0 units)
India (148.0 units)
Spain (116.0 units)

Oil Dispensing Pump Exports in Colombia

In 2022, oil dispensing pump exports from Colombia skyrocketed to 25 units, jumping by 47% compared with the year before. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three-year period. 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.

In value terms, oil dispensing pump exports surged to $53K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Oil Dispensing Pump in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Peru	0.4	0.8	0.3	41.3	369.1%
Dominican Republic	0.3	0.8	N/A	10.2	224.0%
United States	0.5	N/A	N/A	1.9	56.0%
Guatemala	14.5	7.4	0.3	N/A	-85.6%
Mexico	N/A	2.2	0.1	N/A	-95.5%
Saudi Arabia	N/A	N/A	N/A	N/A	0%
Others	4.0	2.5	7.2	N/A	34.2%
Total	19.7	13.7	7.9	53.5	39.5%

Top Export Markets for Oil Dispensing Pump from Colombia in 2022:

Dominican Republic (13.0 units)
United States (6.0 units)
Peru (6.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the oil dispensing pump market in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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