Finland: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Finland

The Finnish oil dispensing pump market expanded rapidly to $X in 2022, rising by X% against the previous year. Overall, consumption, however, recorded a pronounced curtailment. Oil dispensing pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Oil Dispensing Pump Production in Finland

In value terms, oil dispensing pump production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Oil Dispensing Pump Exports

Exports from Finland

In 2022, shipments abroad of petrol and oil dispensing pumps decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, oil dispensing pump exports shrank notably to $X in 2022. In general, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X units) was the main destination for oil dispensing pump exports from Finland, with a X% share of total exports. Moreover, oil dispensing pump exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X units), threefold. The third position in this ranking was held by Sweden (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (X% per year) and Sweden (X% per year).

In value terms, Latvia ($X), Estonia ($X) and Lithuania ($X) appeared to be the largest markets for oil dispensing pump exported from Finland worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average oil dispensing pump export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to the Netherlands ($X 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 Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Dispensing Pump Imports

Imports into Finland

For the third consecutive year, Finland recorded growth in purchases abroad of petrol and oil dispensing pumps, which increased by X% to X units in 2022. Over the period under review, imports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, oil dispensing pump imports surged to $X in 2022. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X units), China (X units) and the Netherlands (X units) were the main suppliers of oil dispensing pump imports to Finland, with a combined X% share of total imports. Germany, South Korea, the United States and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) were the largest oil dispensing pump suppliers to Finland, together comprising X% of total imports. South Korea, Italy, China and Sweden lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average oil dispensing pump import price amounted to $X per unit, rising by X% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oil dispensing pump import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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