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 Analysis Chapter
Oil is widely applied as fuel energy in manufacturing industries and even households. Over the past five years, the strong and rapid advancement of China's economy has been a key driver for growth in the Oil Wholesale industry. During the five-year period, industry revenue is anticipated to increase at an annualized rate of 5.3%, totaling $802.7 billion in 2015. Since 2010, growth has been gradually slowing because the domestic economy is entering a more stable stage and the government is tightening controls over energy-intensive industries such as oil wholesale. In 2014, falling oil prices led to falling demand, and therefore led to declining revenue. During the year, industry revenue declined 3.9% to $853.6 billion... purchase to read more