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Oil Wholesale in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil Wholesale Market Research Report | Jul 2014

IBISWorld’s Oil Wholesale market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1tr
Annual Growth 09-14
19.3%
Annual Growth 14-19
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Profit
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Employment
527,815
Businesses
1,930
Industry Analysis & Industry Trends

Revenue for the Oil Wholesale industry in China is estimated to total $1.2 trillion in 2014, up 13.4% from 2013. Over the past five years, industry revenue has been growing at an annualized rate of 19.3%.

The proportion of imports satisfied by domestic demand has been decreasing, suggesting a descending reliance on foreign oil. Imports of the industry are estimated at $31.7 billion in 2014. With a share of about 1.3% of total revenue, exports are estimated at $15.0 billion in 2014.

The Commerce department will continue to issue qualification certificates for crude oil and refined oil wholesalers in China. According to the first releases in 2013, 11 new establishments were permitted into the industry, most of which were branches of existing enterprises.... purchase to read more

Industry Report - Industry Products Chapter

Crude oil

Crude oil is estimated to represent 45.0% of industry revenue in 2014. China has been relying on imports to meet with its increasingly high demand for crude oil for years. Crude oil is mainly wholesaled to oil processing companies for producing refined oil products. According to the Commerce department, domestic sales volume of crude oil is expected to total 530.0 million tons in 2015, almost doubling that of the refined oil.

Diesel

Among refined oils, diesel oil remains the largest contributor to the Oil Wholesale industry with a share of 25.0% of revenue in 2014. Diesel oil is widely utilized in industries like agriculture, transportation as well as manufacturing... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil Wholesale Industry?

The Oil Wholesale industry in China is mainly engaged in wholesale and international trade of crude oil and its products, including fuel gas. Business concerning pipeline gas and natural gas is excluded from this industry.

Industry Products
Crude oilGasolineDiesel Fuel oilKerosene
 
Industry Activities
Crude oilRefined oil


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