Ireland: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Ireland

In 2022, the Irish oil dispensing pump market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a slight expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Ireland

In 2022, shipments abroad of petrol and oil dispensing pumps increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, oil dispensing pump exports skyrocketed to $X in 2022. Overall, total exports indicated a tangible increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units) was the main destination for oil dispensing pump exports from Ireland, with a X% share of total exports. It was followed by the United States (X units), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X% per year).

In value terms, the UK ($X) remains the key foreign market for petrol and oil dispensing pumps exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average oil dispensing pump export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, faced a significant decline. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

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Oil Dispensing Pump Imports

Imports into Ireland

In 2022, purchases abroad of petrol and oil dispensing pumps decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then reduced dramatically in the following year.

In value terms, oil dispensing pump imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of oil dispensing pump to Ireland, accounting for a X% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Italy (X% per year).

In value terms, the largest oil dispensing pump suppliers to Ireland were Germany ($X), the UK ($X) and China ($X), together comprising X% of total imports. Portugal, Italy and India lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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