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 Investment Chapter
The Oil Wholesale industry is subject to a high level of investment. For every dollar spent on labor, $1.43 are spent on capital within the industry.
Depreciation represents merely 1.0% of industry revenue in 2015. The Oil Wholesale industry does not need large manufacturing or service facilities for operation. The depreciation here caters mostly to the maintenance and replacement of oil distribution facilities as well as oil depots.
The labor cost of this industry is $5.4 billion, with employment of over 521,567 in 2015. Most employees are in sales and distribution, so average wages are relatively low... purchase to read more