Report Update: Apr 1, 2024

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

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Oil Dispensing Pump Price in Latvia - 2023

Oil Dispensing Pump Price in Latvia (CIF) - 2022

The average oil dispensing pump import price stood at $316 per unit in 2022, reducing by -56.2% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of 143%. Over the period under review, average import prices attained the peak figure at $1,238 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,306 per unit), while the price for Finland ($90 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%), while the prices for the other major suppliers experienced a decline.

Oil Dispensing Pump Price in Latvia (FOB) - 2022

The average oil dispensing pump export price stood at $3,285 per unit in 2022, with a decrease of -59.5% against the previous year. Overall, the export price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 an increase of 132%. As a result, the export price attained the peak level of $8,106 per unit, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($18,587 per unit), while the average price for exports to Poland ($146 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 Estonia (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Imports in Latvia

For the fourth consecutive year, Latvia recorded growth in supplies from abroad of petrol and oil dispensing pumps, which increased by 157% to 6.2K units in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil dispensing pump imports amounted to $2M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum at $2M in 2019; afterwards, it flattened through to 2022.

Import of Oil Dispensing Pump in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	N/A	N/A	N/A	460	0%
Finland	1.6	1.9	2.1	333	492.6%
Italy	72.3	46.1	62.0	104	12.9%
Poland	33.0	30.9	40.9	57.0	20.0%
Lithuania	137	17.4	22.0	47.3	-29.8%
Germany	272	27.3	23.5	33.2	-50.4%
Estonia	22.2	8.1	20.7	21.3	-1.4%
China	16.8	16.3	27.7	9.0	-18.8%
United Kingdom	101	217	0.1	0.2	-87.4%
Others	1,327	1,059	1,537	889	-12.5%
Total	1,983	1,424	1,736	1,954	-0.5%

Top Suppliers of Oil Dispensing Pump to Latvia in 2022:

Finland (3709.0 units)
Italy (813.0 units)
Poland (567.0 units)
France (352.0 units)
Lithuania (313.0 units)
Estonia (218.0 units)
China (95.0 units)
Germany (62.0 units)
United Kingdom (1.0 units)

Oil Dispensing Pump Exports in Latvia

In 2022, approx. 206 units of petrol and oil dispensing pumps were exported from Latvia; with an increase of 134% on the year before. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 323%. As a result, the exports reached the peak of 334 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil dispensing pump exports declined to $677K in 2022. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 160% against the previous year. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Oil Dispensing Pump in Latvia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Estonia	441	717	700	613	11.6%
Sweden	N/A	N/A	1.4	27.7	1878.6%
Russia	0.7	425	N/A	20.3	207.2%
Finland	N/A	3.2	4.5	2.8	-6.5%
Poland	3.3	3.3	2.4	2.3	-11.3%
Lithuania	3.5	0.7	0.6	1.3	-28.1%
Others	0.1	15.7	4.6	8.9	346.5%
Total	449	1,165	713	677	14.7%

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

Sweden (111.0 units)
Estonia (33.0 units)
Russia (20.0 units)
Poland (16.0 units)
Finland (15.0 units)
Lithuania (6.0 units)

Source: IndexBox Market Intelligence Platform

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

Latvia

Data coverage:

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