Industry Analysis & Industry Trends
Over the five years to 2015, revenue for the Oil Wholesale industry in China is expected to have grown at an annualized rate of 5.3% to total $802.7 billion. In 2015, industry revenue is anticipated to fall 6.0% due to declining oil prices.
The proportion of imports satisfied by domestic demand has been decreasing, suggesting a descending reliance on foreign oil. Industry imports are estimated to total $35.6 billion in 2015. Moreover, exports are estimated to reach $12.0 billion in 2015, accounting for 1.5% of total industry revenue.
The Commerce department will continue to issue qualification certificates for crude oil and refined oil wholesalers in China.... 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 2015. 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 2015. About 8.0% of industry establishments are located there... purchase to read more