Industry Analysis & Industry Trends
Revenue for the Oil Wholesale industry in China is estimated to total $991.6 billion in 2013, up 14.4% from 2012. Over the past five years, industry revenue has been growing at an annualized rate of 15.8%.
China has become one of world's leading oil importers, especially for crude oil, which accounted for over 70.0% of total oil imports in 2012. Imports of the industry are estimated at $38.1 billion in 2013, up 15.6% from 2012. The proportion of imports satisfied by domestic demand has been increasing slowly, suggesting an ascending reliance on foreign oil. With a share of about 1.4% of total revenue, exports are estimated at $13.5 billion in 2013, up 21.5% from 2012.... 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 56.9% of industry revenue in 2013. 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