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 Locations Chapter
Prime attractive factors for companies running a business within the Oil Wholesale industry are proximity to large consumption markets or oil resources and convenient transportation for international trade.
Guangdong Province is the largest contributor of industry revenue with an estimated share of 17.8% in 2014. About 20.0% of oil wholesalers within the industry are located here. Guangdong is one of the most developed provinces in China with a large demand of oil products. It also represented over 20.0% of industry exports in 2011, over 70.0% of which was aviation kerosene and diesel.
Revenue made by oil wholesale businesses in Beijing represents about 12.2% of industry revenue in 2014. About 8.0% of industry establishments are located there... purchase to read more