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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 2015

IBISWorld’s Oil Wholesale market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$803bn
Annual Growth 10-15
5.3%
Annual Growth 15-20
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Profit
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Employment
521,567
Businesses
1,934
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 - 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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