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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1tr
Annual Growth 09-14
19.3%
Annual Growth 14-19
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Profit
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Employment
527,815
Businesses
1,930
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 SWOT Analysis Chapter

Value-added of the Oil Wholesale industry is expected to increase at an annualized rate of 12.9% over the decade from 2009. The growth is higher than that of China's GDP over the same period (7.3%), suggesting that the industry is in a growth stage.

The number of enterprises is forecast to grow 1.7% 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

 


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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