Industry Analysis & Industry Trends
Revenue for the Oil Wholesale industry in China is estimated to total $991.6 billion in 2013, up 14.4% from 2012. Over the past five years, industry revenue has been growing at an annualized rate of 15.8%.
China has become one of world's leading oil importers, especially for crude oil, which accounted for over 70.0% of total oil imports in 2012. Imports of the industry are estimated at $38.1 billion in 2013, up 15.6% from 2012. The proportion of imports satisfied by domestic demand has been increasing slowly, suggesting an ascending reliance on foreign oil. With a share of about 1.4% of total revenue, exports are estimated at $13.5 billion in 2013, up 21.5% from 2012.... purchase to read more
Industry Report - Industry Products Chapter
Crude oil is estimated to represent 45.0% of industry revenue in 2013. 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.
Among refined oils, diesel oil remains the largest contributor to the Oil Wholesale industry with a share of 25.0% of revenue in 2013. Diesel oil is widely utilized in industries like agriculture, transportation as well as manufacturing... purchase to read more