Russian Federation: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in the Russian Federation

The Russian oil dispensing pump market soared to $X in 2022, growing by X% against the previous year. Overall, consumption posted a strong expansion. Oil dispensing pump consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Oil Dispensing Pump Production in the Russian Federation

In value terms, oil dispensing pump production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild expansion 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Oil dispensing pump production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Oil Dispensing Pump Exports

Exports from the Russian Federation

Oil dispensing pump exports from Russia declined notably to X units in 2022, waning by X% on 2021 figures. Over the period under review, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, oil dispensing pump exports contracted notably to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kazakhstan (X units) was the main destination for oil dispensing pump exports from Russia, with a X% share of total exports. Moreover, oil dispensing pump exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X units), more than tenfold. The third position in this ranking was held by Armenia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Armenia (X% per year).

In value terms, the largest markets for oil dispensing pump exported from Russia were Kazakhstan ($X), Uzbekistan ($X) and Armenia ($X), with a combined X% share of total exports.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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, jumping by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2015; however, from 2016 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 Uzbekistan ($X per unit), while the average price for exports to the United Arab Emirates ($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 Uzbekistan (X%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into the Russian Federation

Oil dispensing pump imports into Russia fell significantly to X units in 2022, reducing by X% on the previous year. In general, imports, however, continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, oil dispensing pump imports shrank remarkably to $X in 2022. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of oil dispensing pump to Russia, with a X% share of total imports. Moreover, oil dispensing pump imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Turkey (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest oil dispensing pump suppliers to Russia, with a combined X% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, 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, which is down by X% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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