Over the five years to 2018, revenue for the Oil Wholesale industry in China has been decreasing at an annualized rate of 5.4% to total $687.8 billion. In 2018, industry revenue is anticipated to rise 10.8%, due to rising oil prices. The proportion of imports satisfied by domestic demand has also been decreasing, suggesting a descending reliance on foreign oil. Industry imports are estimated to total $18.7 billion in 2018.The Commerce department will continue to issue qualification certificates for crude oil and refined oil wholesalers in China. According to the first releases in 2014, 10 new establishments were permitted into the industry, most of which were branches of existing enterprises...purchase to read more.

Industry Statistics & Market Size
Revenue
$688bn
Annual Growth 13-18
-5.4%
Forecast Growth 18-23
Profit
Employment
560,923
Businesses
3,552

Industry Report - Industry Investment Chapter

The Oil Wholesale industry is subject to a high level of investment. For every dollar spent on labor, $0.9 are spent on capital within the industry.Depreciation represents merely 1% of industry revenue in 2018. 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 $6.2 billion, with employment of over 560,932 in 2018. Most employees are in sales and distribution, so average wages are relatively low...purchase to read more.

Additional Insights for the Oil Wholesale Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil Wholesale Industry are

  • Ability to control total supply on market
  • Ability to take advantage of government subsidiaries and grants
  • Ability to negotiate successfully with regulators
  • IBISWorld analysts also discuss how external factors such as Downstream Markets and World price of crude oil in the Oil Wholesale industry impact industry performance..

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    What's in this report

    What is the Oil Wholesale Industry?

    The Oil Wholesale industry in China is mainly engaged in wholesale and international trade of crude oil and its products, including fuel gas. Business concerning pipeline gas and natural gas is excluded from this industry.

    Industry Products
  • Crude oil
  • Gasoline
  • Diesel
  • Fuel oil
  • Kerosene
  • Industry Activities
  • Crude oil
  • Refined oil
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Markets
  • World price of crude oil
  • Domestic Support Policies
  • Domestic Goods Prices - Petroleum - Gasoline (Retail)

  • Current Performance
    Imports and exports
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Oil Wholesale Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil Wholesale Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Basic Plastics and Synthetic Resin Manufacturing
  • Synthetic Rubber Manufacturing
  • Rail Transportation of Passengers
  • Freight Transport by Sea
  • Airlines
  • Gas Stations

  • Key Selling Industries
  • Oil & Gas Drilling
  • Oil & Petroleum Refining

  • Products & Services
  • Crude oil
  • Diesel
  • Gasoline
  • Other
  • Fuel oil
  • Kerosene
  • Chart: Oil Wholesale Industry Products and Services Segmentation

  • Demand Determinants
  • Downstream demand
  • Price
  • Regulations

  • Major Markets
  • Oil refining companies
  • Chemical industries
  • Gas stations
  • Transportation industries
  • Other
  • Exports
  • Chart: Major Market Segmentation for the Oil Wholesale Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities and depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Oil Wholesale

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil Wholesale Industry

  • Industry Globalization
    China National Petroleum Corporation, China Petrochemical Corporation, China National Offshore Oil Corporation, Sinochem Corporation, China National Aviation Fuel Corporation,
  • Table: China National Petroleum Corporation - financial performance
  • Table: China Petrochemical Corporation - financial performance
  • Table: China National Offshore Oil Corporation - financial performance
  • Table: Sinochem Corporation - financial performance
  • Table: China National Aviation Fuel Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Oil Wholesale Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oil Wholesale Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Total Assets (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Diesel
  • A mid-range petroleum product (with a higher boiling point than gasoline) typically used as a fuel for internal combustion engines.
  • Kerosene
  • A thin oil distilled from petroleum or shale oil and used as a fuel for heating and cooking in lamps, or as a denaturant for alcohol.
  • Terminal
  • A bulk storage facility for crude oil and petroleum products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Oil Wholesale market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil Wholesale:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil Wholesale market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil Wholesale, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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