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 Investment Chapter
The Oil Wholesale industry is subject to a high level of investment. For every dollar spent on labor, $2.00 are spent on capital within the industry.
Depreciation represents merely 1.0% of industry revenue in 2013. 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 $4.7 billion, with employment of over 502,000 in 2013. Most employees are in sales and distribution, so average wages are relatively low... purchase to read more