$184.7bn
$X.Xbn
11,878
358
$XXX.Xm
Companies in the Canadian Gasoline and Petroleum Bulk Stations industry manage bulk storage tanks and terminals for crude oil and petroleum products such as gasoline, diesel fuel, fuel oil and liquid petroleum gases. These bulk stations are often located near major refineries, ports and industrial centres to quickly and efficiently receive product and unload it to customers. These stations play an important role in the supply chain of crude oil and petroleum products. Given that the industry serves as a conduit between petroleum refiners and markets further downstream, the industry's performance is intimately linked to the supply of and demand for petroleum and petroleum products.
In recent years, industry revenue has been volatile due to significant shifts in the world price of crude oil due to uneven downstream demand. Industry revenue is expected to have grown at a CAGR of 6.7% to reach $266.7 billion in 2024, when industry revenue is expected to climb 0.9%. Much of this expected growth is the result of strong growth in oil prices in both 2021 and 2022, following 2020 lows caused by COVID-19 pandemic related restrictions driving down oil demand. Due to volatility in product prices and downstream demand, industry profit, defined as earnings before interest and taxes, is expected to have remained steady over five years, in spite of rising revenue.
Over the coming years, the industry is forecast to see slight growth. Domestic oil production is forecast to rise, bolstering the volume of oil and petroleum products supplied by industry operators. As the domestic manufacturing, construction and transport sectors expand, domestic demand for industry products is expected to grow. Simultaneously, investment in distribution infrastructure, which has been insufficient to handle demand for oil, is forecast to benefit industry oil prices by diminishing the domestic supply glut. Overall, industry revenue is expected to grow at a CAGR of 0.1% to $267.9 billion in 2029.
Industry revenue has grown at a CAGR of 1.3 % over the past five years, to reach an estimated $184.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Imperial Oil | 13,370.1 | 1,376.0 | 10.3 | |
Suncor | 13,070.0 | 2,490.4 | 19.1 | |
Shell Canada | 7,542.5 | 987.2 | 13.1 |
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Industry revenue is measured across several distinct product and services lines, including Crude oil, Pentane plus and Motor gasoline. Crude oil is the largest segment of the Gasoline & Petroleum Bulk Stations in Canada.
Crude oil accounts for the largest share of the industry
This industry manages and operates bulk-storage facilities for petroleum products and wholesales those products in bulk to smaller petroleum distributors, electricity generators and gasoline stations.
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NAICS 412110 - Gasoline & Petroleum Bulk Stations in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Canadian gasoline and petroleum bulk stations' revenue is impacted by the price of oil. The world price of oil has been volatile in recent years, as has industry revenue.
Learn about an industry's products and services, markets and trends in international trade.
Distributing crude oil accounts for the majority of industry revenue. Canada’s petroleum refining capacity low relative to its crude oil production.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Alberta and Ontario are the two provinces with the heaviest concentration of industry establishments. Establishments in the industry are distributed across the country accord...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Skilled employees are a competitive advantage for bulk storage operators. The pool of employees with sufficient skills to safely blend fuels is limited.
Learn about the performance of the top companies in the industry.
Imperial Oil Limited is expected to account for the largest share of industry revenue. The company is largely owned by Exxon Mobil.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is highly regulated. These regulations include those concerning product quality, environmental impact and industry standardization.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Bulk storage operators use long-term contracts with suppliers to mitigate the impact of volatile crude oil prices on profit. Profit has remained stable over the past five yea...
Including values and annual change:
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Key data sources in Canada include:
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The market size of the Gasoline & Petroleum Bulk Stations industry in Canada is $184.7bn in 2024.
There are 358 businesses in the Gasoline & Petroleum Bulk Stations industry in Canada, which has declined at a CAGR of 5.9 % between 2019 and 2024.
The market size of the Gasoline & Petroleum Bulk Stations industry in Canada has been growing at a CAGR of 1.3 % between 2019 and 2024.
Over the next five years, the Gasoline & Petroleum Bulk Stations industry in Canada is expected to grow.
The biggest companies operating in the Gasoline & Petroleum Bulk Stations market in Canada are Imperial Oil, Suncor and Shell Canada
Operating bulk storage tanks and Operating crude oil bulk stations are part of the Gasoline & Petroleum Bulk Stations industry.
The company holding the most market share in Canada is Imperial Oil.
The level of competition is high and increasing in the Gasoline & Petroleum Bulk Stations industry in Canada.