Philippines - Petrol And Oil Dispensing Pumps - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOil Dispensing Pump Price in the Philippines - 2023
Contents:
- Oil Dispensing Pump Price in the Philippines (CIF) - 2022
- Oil Dispensing Pump Price in the Philippines (FOB) - 2022
- Oil Dispensing Pump Imports in the Philippines
- Oil Dispensing Pump Exports in the Philippines
Oil Dispensing Pump Price in the Philippines (CIF) - 2022
In 2022, the average oil dispensing pump import price amounted to $365 per unit, with a decrease of -4% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 18%. The import price peaked at $2,316 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 South Korea ($2,750 per unit), while the price for China ($163 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 (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Oil Dispensing Pump Price in the Philippines (FOB) - 2022
The average oil dispensing pump export price stood at $2,421 per unit in 2022, increasing by 1,013% against the previous year. Over the period under review, the export price posted a significant increase. The export price peaked at $2,995 per unit in 2017; however, from 2018 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 Japan ($3,081 per unit), while the average price for exports to Norway amounted to $1,100 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+18.7%).
Oil Dispensing Pump Imports in the Philippines
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 -30.8% to 15K units. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of 22K units, and then dropped dramatically in the following year.
In value terms, oil dispensing pump imports contracted remarkably to $5.5M in 2022. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Oil Dispensing Pump in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 8.9 | 2.7 | 4.3 | 3.1 | -29.6% |
| China | 2.1 | 2.0 | 3.0 | 1.8 | -5.0% |
| India | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Others | 1.0 | 1.6 | 0.9 | 0.4 | -26.3% |
| Total | 12.1 | 6.3 | 8.3 | 5.5 | -23.1% |
Top Suppliers of Oil Dispensing Pump to the Philippines in 2022:
- China (11.2K units)
- Japan (2.6K units)
- India (0.9K units)
Oil Dispensing Pump Exports in the Philippines
In 2022, the amount of petrol and oil dispensing pumps exported from the Philippines dropped rapidly to 3 units, with a decrease of -75% against the previous year. Overall, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked at 110 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, oil dispensing pump exports skyrocketed to $7.3K in 2022. In general, exports faced a dramatic decrease. Over the period under review, the exports hit record highs at $212K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Oil Dispensing Pump in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.6 | 0.8 | 0.1 | 6.2 | -6.6% |
| Norway | N/A | N/A | N/A | 1.1 | 0% |
| Thailand | 3.2 | 0.9 | 1.0 | N/A | -44.1% |
| India | 2.0 | 0.4 | 0.2 | N/A | -68.4% |
| Singapore | 6.8 | 0.7 | 0.1 | N/A | -87.9% |
| Palau | 2.2 | 0.3 | 0.1 | N/A | -78.7% |
| Netherlands | 184 | N/A | N/A | N/A | 0% |
| Canada | 2.8 | N/A | N/A | N/A | 0% |
| Others | 3.3 | 2.7 | 1.1 | N/A | -42.3% |
| Total | 212 | 5.9 | 2.6 | 7.3 | -67.5% |
Top Export Markets for Oil Dispensing Pump from the Philippines in 2022:
- Japan (2.0 units)
- Norway (1.0 units)
This report provides an in-depth analysis of the oil dispensing pump market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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