Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#30 In EuropeBusiness
#25 In EuropeEmployees
#30 In EuropeWages
#27 In EuropeThe Petroleum Refining in Iceland ranks 30 in Europe with regards to its 2024 revenue (€354.2k). Revenue received by operators in Iceland has been low in volatility over the past five-year period, with the average annual change in revenue (17.5 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Petroleum Refining industry in Iceland in 2024?
The market size of the Petroleum Refining industry in Iceland is €354.2k in 2024.
How many businesses are there in the Petroleum Refining in Iceland industry in 2024?
There are 2 businesses in the Petroleum Refining industry in Iceland, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Petroleum Refining industry in Iceland grown or declined over the past 5 years?
The market size of the Petroleum Refining industry in Iceland has been declining at a CAGR of 17.5 % between 2019 and 2024.
What is the forecast growth of the Petroleum Refining industry in Iceland over the next 5 years?
Over the next five years, the Petroleum Refining industry in Iceland is expected to grow.
What does the Petroleum Refining in Iceland include?
Petrol and Diesel are part of the Petroleum Refining industry.
How competitive is the Petroleum Refining industry in Iceland?
The level of competition is moderate and steady in the Petroleum Refining industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Electric Utilities in Iceland
Complementors
- Fuel & Related Product Wholesaling in Iceland
Table of Contents
About this industry
Industry definition
Petroleum refining is the process of turning crude oil into more usable products such as petrol. The major oil refineries manufacture petrol, diesel, jet fuel, gas oil and petroleum gas. The refining process also leads to the production of byproducts such as naphtha, which can be used as a solvent. Companies in this industry also manufacture a range of petroleum-based products such as petroleum jelly, paraffin wax and white spirit.
What's included in this industry?
PetrolDieselJet fuelBiofuelsLPGIndustry Code
192 - Manufacture of refined petroleum products in Iceland
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 Refining in Iceland
- Employees in the Petroleum Refining in Iceland
- Business in the Petroleum Refining in Iceland
- Profit in the Petroleum Refining in Iceland
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
Refineries operate under a complex web of regulations. The regulatory scene is intense, with refineries forced to comply with emission limits, fuel quality standards and waste and water treatment.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Petroleum Refining in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability is insulated by passing on cost increases. Refineries can protect their margin by passing on crude oil price rises to their customers due to the limited number of alternatives.
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 Refining in Iceland 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.
France
Italy
Spain