Middle East: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in the Middle East

In 2022, the Middle Eastern oil dispensing pump market decreased by X% to $X, falling for the third year in a row after four years of growth. The total consumption indicated mild growth 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Oil Dispensing Pump Production in the Middle East

In value terms, oil dispensing pump production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Oil Dispensing Pump Exports

Exports in the Middle East

In 2022, shipments abroad of petrol and oil dispensing pumps increased by X% to X units, rising for the fourth consecutive year after three years of decline. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil dispensing pump exports surged to $X in 2022. Total exports indicated strong growth 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 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the largest exporter of petrol and oil dispensing pumps in the Middle East, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Oman (X units). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oil dispensing pump exports from Turkey stood at X%. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest oil dispensing pump supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a deep reduction. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Oil Dispensing Pump Imports

Imports in the Middle East

After two years of growth, purchases abroad of petrol and oil dispensing pumps decreased by X% to X units in 2022. Total imports indicated a temperate increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then dropped in the following year.

In value terms, oil dispensing pump imports dropped slightly to $X in 2022. Overall, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X units) represented the main importer of petrol and oil dispensing pumps, comprising X% of total imports. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Turkey (X units). All these countries together held approx. X% share of total imports. The following importers - Yemen (X units), Kuwait (X units) and Qatar (X units) - together made up X% of total imports.

Imports into Saudi Arabia increased at an average annual rate of X% from 2012 to 2022. At the same time, Yemen (X%), Kuwait (X%), Qatar (X%), the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Yemen emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Saudi Arabia (X p.p.), the United Arab Emirates (X p.p.), Yemen (X p.p.), Kuwait (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported petrol and oil dispensing pumps in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :