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 SWOT Analysis Chapter
Value-added of the Oil Wholesale industry is expected to increase at an annualized rate of 12.9% over the decade from 2009. The growth is higher than that of China's GDP over the same period (7.3%), suggesting that the industry is in a growth stage.
The number of enterprises is forecast to grow 1.7% annually over the next five years as the Chinese government loosens certificate limitations.
The government continues to support this industry with preferable policies. For instance, to lift cost burdens from crude oil imports, the government has substantially cut import tariffs of gasoline, diesel, fuel oil and aviation kerosene... purchase to read more