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Oil Wholesale in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil Wholesale Market Research Report | Jul 2014

IBISWorld’s Oil Wholesale market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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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 - Starting a New Business Chapter

Businesses concerned with oil energy are always monopolistic in nature in China with high barriers of various kinds.

Potential new entrants to the Oil Wholesale industry must apply to the Commerce department for special certificates, which only became open to private and foreign companies in 2007. Although the Chinese government claims it is dealing with the monopoly of oil wholesale, progress is slow. Five years since 2008, many foreign companies are still unable to get approval.

Oil resources in China are highly concentrated in several state-owned companies, most of which run wholesale businesses of their own. Companies planning to enter the industry are therefore restricted in terms of supply... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil Wholesale Industry?

The Oil Wholesale industry in China is mainly engaged in wholesale and international trade of crude oil and its products, including fuel gas. Business concerning pipeline gas and natural gas is excluded from this industry.

Industry Products
Crude oilGasolineDiesel Fuel oilKerosene
 
Industry Activities
Crude oilRefined oil


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