Singapore: Oil Dispensing Pump Market 2024

Oil Dispensing Pump Market Size in Singapore

The Singaporean oil dispensing pump market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, showed a abrupt curtailment. 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 Singapore

In value terms, oil dispensing pump production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Oil dispensing pump production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oil Dispensing Pump Exports

Exports from Singapore

In 2022, exports of petrol and oil dispensing pumps from Singapore soared to X units, rising by X% on the year before. Overall, exports posted a notable expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, oil dispensing pump exports expanded rapidly to $X in 2022. In general, exports, however, showed a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and Thailand (X units) were the main destinations of oil dispensing pump exports from Singapore, together accounting for X% of total exports.

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

In value terms, the largest markets for oil dispensing pump exported from Singapore were Indonesia ($X), Malaysia ($X) and Thailand ($X), together comprising X% of total exports.

Among the main countries of destination, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average oil dispensing pump export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price faced a precipitous setback. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 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 Hong Kong SAR ($X per unit), while the average price for exports to Indonesia ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced a decline.

Oil Dispensing Pump Imports

Imports into Singapore

In 2022, purchases 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. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, oil dispensing pump imports fell sharply to $X in 2022. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and the United States (X units) were the main suppliers of oil dispensing pump imports to Singapore, together accounting for X% of total imports. Vietnam, Taiwan (Chinese), Italy, India, Germany and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of petrol and oil dispensing pumps to Singapore, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

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

Import Prices by Country

In 2022, the average oil dispensing pump import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, 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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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