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 Products Chapter
Crude oil is estimated to represent 45.0% of industry revenue in 2014. China has been relying on imports to meet with its increasingly high demand for crude oil for years. Crude oil is mainly wholesaled to oil processing companies for producing refined oil products. According to the Commerce department, domestic sales volume of crude oil is expected to total 530.0 million tons in 2015, almost doubling that of the refined oil.
Among refined oils, diesel oil remains the largest contributor to the Oil Wholesale industry with a share of 25.0% of revenue in 2014. Diesel oil is widely utilized in industries like agriculture, transportation as well as manufacturing... purchase to read more