Industry Analysis & Industry Trends
Over the five years to 2016, revenue for the Oil Wholesale industry in China has been decreasing at an annualized rate of 7.7% to total $523.2 billion. In 2016, industry revenue is anticipated to fall 15.0%, due to declining 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 $15.6 billion in 2016.
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 Report - Industry SWOT Analysis Chapter
Value-added of the Oil Wholesale industry is expected to increase at an annualized rate of 0.6% over the decade from 2011. The growth is much lower that of China's GDP over the same period (6.5%), suggesting the industry will gradually step into mature phrase.
The number of enterprises is forecast to grow 1% annually over the next five years as the Chinese government loosens certificate limitations.
The government continues to support this industry with preferable policies. For instance, to lift cost burdens from crude oil imports, the government has substantially cut import tariffs of gasoline, diesel, fuel oil and aviation kerosene.
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