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 SWOT Analysis Chapter
Value-added of the Oil Wholesale industry is expected to increase at an annualized rate of 12.6% over the decade from 2008. The growth is higher than that of China's GDP over the same period (8.0%), suggesting that the industry is in a growth stage.
The number of enterprises is forecast to grow 2.1% 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