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Fuel & Related Product Wholesaling in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-G4661 March 2024 Factsheet

Revenue

€38.0bn

2019-2024 2.3 %
2024-2029 X.X %

Employees

5,251

2019-2024 2.3 %
2024-2029 X.X %

Businesses

790

2019-2024 5.1 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Fuel & Related Product Wholesaling in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#9 In Europe
Business
#11 In Europe
Employees
#12 In Europe
Wages
#10 In Europe

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Fuel wholesalers have come up against hugely volatile markets in recent years. The COVID-19 outbreak and subsequent travel restrictions and lockdowns led to a standstill in global transport activity, driving a sharp drop in fuel prices and sales in 2020. Air passenger numbers tanked by 73% in the EU in 2020, according to the European Commission, driving a sharp drop off in demand for jet fuel. OPEC+ manipulates world crude oil prices by adjusting production quotas and collaborating with other producers.

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Enterprises
Number of businesses in 2024

Biggest companies in the Fuel & Related Product Wholesaling in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Shell plc
298,979.1
37,074.9
12.4
TotalEnergies SE
214,981.8
30,744.0
14.3
Eni SpA
128,440.1
13,615.0
10.6

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Top Questions Answered in this Report

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What is the market size of the Fuel & Related Product Wholesaling industry in Belgium in 2024?

The market size of the Fuel & Related Product Wholesaling industry in Belgium is €38.0bn in 2024.

How many businesses are there in the Fuel & Related Product Wholesaling in Belgium industry in 2024?

There are 790 businesses in the Fuel & Related Product Wholesaling industry in Belgium, which has grown at a CAGR of 5.1 % between 2019 and 2024.

Has the Fuel & Related Product Wholesaling industry in Belgium grown or declined over the past 5 years?

The market size of the Fuel & Related Product Wholesaling industry in Belgium has been growing at a CAGR of 2.3 % between 2019 and 2024.

What is the forecast growth of the Fuel & Related Product Wholesaling industry in Belgium over the next 5 years?

Over the next five years, the Fuel & Related Product Wholesaling industry in Belgium is expected to grow.

What are the biggest companies in the Fuel & Related Product Wholesaling market in Belgium?

The biggest companies operating in the Fuel & Related Product Wholesaling market in Belgium are Shell plc, TotalEnergies SE and Eni SpA

What does the Fuel & Related Product Wholesaling in Belgium include?

Automotive diesel and petrol and Jet fuel are part of the Fuel & Related Product Wholesaling industry.

Which companies have the highest market share in the Fuel & Related Product Wholesaling in Belgium?

The company holding the most market share in Belgium is Shell plc.

How competitive is the Fuel & Related Product Wholesaling industry in Belgium?

The level of competition is moderate and steady in the Fuel & Related Product Wholesaling industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry sell a range of fuel products and some by-products from the petroleum refining process. The industry includes the wholesale of charcoal, coal, coke, fuel wood, naptha, crude oil, diesel fuel, petrol, fuel oil, heating oil and kerosene. The industry also includes the wholesale of greases, oils and gases such as liquefied petroleum gas (LPG), butane and propane.

Related Terms

OPEC+ JET FUEL DIESEL

What's included in this industry?

Automotive diesel and petrolJet fuelBiofuel

Companies

Shell plcTotalEnergies SEEni SpA

Industry Code

ISIC 2006

4661 - Wholesale of solid, liquid and gaseous fuels and related products in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Fuel & Related Product Wholesaling in Belgium industry?


Outlook

Analysis

What's driving the Fuel & Related Product Wholesaling in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Fuel & Related Product Wholesaling in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Fuel & Related Product Wholesaling in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Weak air passenger numbers hold back jet fuel sales. Demand for jet fuel remains below its pre-pandemic level as the cost-of-living crisis and rising environmental awareness dampen the number of flights.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Fuel & Related Product Wholesaling in Belgium industry's products and services performing?

Analysis

What are innovations in the Fuel & Related Product Wholesaling in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Fuel & Related Product Wholesaling in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

A handful of players dominate at a regional level. Companies like Shell, BP and Total have substantial market share in their main markets due to their extensive distribution networks.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Fuel & Related Product Wholesaling in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Fuel wholesalers must abide by stringent regulations. The supply of fuel creates a number of environmental and safety risks, meaning the industry is highly regulated.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Fuel & Related Product Wholesaling in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Achieving economies of scale proves key to keeping costs down. Large wholesaling operators can leverage their size to buy in bulk, helping to lower purchase costs.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Fuel & Related Product Wholesaling in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.