Report Update: May 1, 2024

Turkey - Petrol And Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends And Insights

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Oil Dispensing Pump Price in Turkey - 2023

Oil Dispensing Pump Price in Turkey (FOB) - 2022

The average oil dispensing pump export price stood at $809 per unit in 2022, shrinking by -9.5% against the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 31%. The export price peaked at $2,163 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($2,286 per unit), while the average price for exports to Brazil ($22 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 North Macedonia (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Dispensing Pump Price in Turkey (CIF) - 2022

In 2022, the average oil dispensing pump import price amounted to $472 per unit, with an increase of 4.2% against the previous year. In general, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $703 per unit in 2015; however, from 2016 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 ($4,019 per unit), while the price for China ($63 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 States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Oil Dispensing Pump Exports in Turkey

In 2022, the amount of petrol and oil dispensing pumps exported from Turkey surged to 24K units, picking up by 22% on 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 74%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, oil dispensing pump exports expanded significantly to $19M in 2022. The total export value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 12%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Oil Dispensing Pump in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	7.4	0.1	36.2	1,744	517.7%
Azerbaijan	519	400	774	1,288	35.4%
North Macedonia	7.8	35.0	718	1,263	445.0%
Georgia	648	1,055	890	1,004	15.7%
Iraq	1,504	353	371	795	-19.1%
Germany	516	709	1,051	728	12.2%
Algeria	318	346	51.1	501	16.4%
Mauritania	240	344	192	360	14.5%
Iran	361	107	138	217	-15.6%
Italy	214	136	203	187	-4.4%
Mali	N/A	N/A	0.5	186	37100.0%
Libya	51.9	30.0	174	148	41.8%
Brazil	N/A	N/A	40.4	41.5	2.7%
Others	9,790	12,216	12,916	10,961	3.8%
Total	14,178	15,732	17,556	19,424	11.1%

Top Export Markets for Oil Dispensing Pump from Turkey in 2022:

Russia (5.0K units)
Azerbaijan (2.3K units)
Brazil (1.9K units)
Germany (1.7K units)
Algeria (1.4K units)
Italy (1.4K units)
Mali (1.3K units)
Iran (1.1K units)
Iraq (0.9K units)
North Macedonia (0.6K units)
Mauritania (0.5K units)
Libya (0.5K units)
Georgia (0.4K units)

Oil Dispensing Pump Imports in Turkey

In 2022, after three years of growth, there was significant decline in purchases abroad of petrol and oil dispensing pumps, when their volume decreased by -15.9% to 14K units. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 58%. Over the period under review, imports attained the maximum at 17K units in 2021, and then dropped remarkably in the following year.

In value terms, oil dispensing pump imports contracted to $6.8M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. As a result, imports attained the peak of $7.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Oil Dispensing Pump in Turkey (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.5	1.6	1.5	3.0	26.0%
Germany	2.0	3.9	4.2	1.5	-9.1%
Italy	0.2	0.3	0.5	0.5	35.7%
China	0.3	0.4	0.6	0.4	10.1%
Others	1.0	1.7	1.0	1.3	9.1%
Total	4.9	7.8	7.7	6.8	11.5%

Top Suppliers of Oil Dispensing Pump to Turkey in 2022:

China (6.4K units)
Italy (3.6K units)
United States (3.4K units)
Germany (0.4K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the oil dispensing pump market in Turkey. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28131105 - Petrol and oil dispensing pumps, unit

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023