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 Key Buyers Chapter
The Oil Wholesale industry in China is subject to a medium level of concentration with top four enterprises accounting for about 57.0% of industry revenue in 2014. Industry concentration has declined over the past five years, as more enterprises have been allowed to enter the industry.
Oil serves as a national strategic energy and its business performance is under the strict control of the government. Access to crude oil sales and refined oil wholesale operations must be approved by the Commerce department and currently, certificates are extremely limited to several state-owned oil companies.
In 2007, the Commerce department began to open the Oil Wholesale industry to private and foreign capital... purchase to read more