Portugal: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Portugal

The Portuguese oil dispensing pump market reduced rapidly to $X in 2022, declining by X% against the previous year. In general, consumption saw a precipitous descent. Oil dispensing pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Oil Dispensing Pump Production in Portugal

In value terms, oil dispensing pump production soared to $X in 2022 estimated in export price. In general, production showed a resilient increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Oil Dispensing Pump Exports

Exports from Portugal

In 2022, oil dispensing pump exports from Portugal expanded markedly to X units, growing by X% on the previous year. In general, total exports indicated a mild expansion 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. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, oil dispensing pump exports expanded notably to $X in 2022. Over the period under review, total exports indicated measured 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 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X units), the UK (X units) and Poland (X units) were the main destinations of oil dispensing pump exports from Portugal, together accounting for X% of total exports. Algeria, Greece, France, Angola, Germany, Sweden, the Netherlands, Kenya, Ireland and Mozambique lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for oil dispensing pump exported from Portugal were Spain ($X), the UK ($X) and Greece ($X), together accounting for X% of total exports.

Greece, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2022, waning 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 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Oil Dispensing Pump Imports

Imports into Portugal

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 buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, oil dispensing pump imports dropped markedly to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of oil dispensing pump to Portugal, accounting for a X% share of total imports. Moreover, oil dispensing pump imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. The third position in this ranking was taken by Spain (X units), with an X% share.

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

In value terms, Spain ($X) constituted the largest supplier of petrol and oil dispensing pumps to Portugal, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average oil dispensing pump import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Spain ($X per unit), while the price for the Netherlands ($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 more modest paces of growth.

Source: IndexBox Platform

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