Industry Statistics and Rankings
How does this industry perform in Hungary compared to Europe?
Country Benchmarking
Industry Data Hungary
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#13 In EuropeBusiness
#13 In EuropeEmployees
#14 In EuropeWages
#15 In EuropeThe Petroleum & Natural Gas Support Services in Hungary ranks 13rd in Europe with regards to its 2024 revenue (€187.0m). Revenue received by operators in Hungary has been high in volatility over the past five-year period, with the average annual change in revenue (30.3 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Petroleum & Natural Gas Support Services industry in Hungary in 2024?
The market size of the Petroleum & Natural Gas Support Services industry in Hungary is €187.0m in 2024.
How many businesses are there in the Petroleum & Natural Gas Support Services in Hungary industry in 2024?
There are 35 businesses in the Petroleum & Natural Gas Support Services industry in Hungary, which has declined at a CAGR of 1.7 % between 2019 and 2024.
Has the Petroleum & Natural Gas Support Services industry in Hungary grown or declined over the past 5 years?
The market size of the Petroleum & Natural Gas Support Services industry in Hungary has been growing at a CAGR of 30.3 % between 2019 and 2024.
What is the forecast growth of the Petroleum & Natural Gas Support Services industry in Hungary over the next 5 years?
Over the next five years, the Petroleum & Natural Gas Support Services industry in Hungary is expected to grow.
What does the Petroleum & Natural Gas Support Services in Hungary include?
Development wells and Appraisal wells are part of the Petroleum & Natural Gas Support Services industry.
How competitive is the Petroleum & Natural Gas Support Services industry in Hungary?
The level of competition is moderate and decreasing in the Petroleum & Natural Gas Support Services industry in Hungary.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Demolition & Site Preparation in Hungary
Complementors
- Hard Coal Mining in Hungary
- Crude Petroleum & Natural Gas Extraction in Hungary
- Site Preparation in Hungary
Table of Contents
About this industry
Industry definition
This industry provides oil and gas well services on a fee or contract basis to firms that extract oil and gas. This includes traditional prospecting methods such as geological observations, and invasive work such as directional drilling, re-drilling, test drilling, spudding and derrick erection and maintenance. It also incorporates draining and pumping services and the liquefaction and regasification of gas for transportation.
What's included in this industry?
Development wellsAppraisal wellsExploration wellsDecommissioning activityOther servicesIndustry Code
091 - Support activities for petroleum and natural gas extraction in Hungary
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
Current Performance
Charts
- Revenue in the Petroleum & Natural Gas Support Services in Hungary
- Employees in the Petroleum & Natural Gas Support Services in Hungary
- Business in the Petroleum & Natural Gas Support Services in Hungary
- Profit in the Petroleum & Natural Gas Support Services in Hungary
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Support service contractors must follow strict regulations. Due to the dangerous and environmentally invasive nature of some industry services, there are strict health, safety and environmental guidelines that must be followed.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Petroleum & Natural Gas Support Services in Hungary industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability fluctuates in line with commodity prices. When oil and gas prices are lower, contractors offer their customers concessions to ensure their services are still in demand, though this does eat into the bottom lines.
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 Petroleum & Natural Gas Support Services in Hungary 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.
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