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Oil Wholesale in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil Wholesale Market Research Report | Jul 2016

IBISWorld’s Oil Wholesale market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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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 - Starting a New Business Chapter

Businesses concerned with oil energy are always monopolistic in nature in China with high barriers of various kinds.

Potential new entrants to the Oil Wholesale industry must apply to the Commerce department for special certificates, which only became open to private and foreign companies in 2007. Although the Chinese government claims it is dealing with the monopoly of oil wholesale, progress is slow. Five years since 2008, many foreign companies are still unable to get approval.

Oil resources in China are highly concentrated in several state-owned companies, most of which run wholesale businesses of their own. Companies planning to enter the industry are therefore restricted in terms of supply... purchase to read more


Industry ProductsRelated ReportsTable of Contents

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 oilGasolineDiesel Fuel oilKerosene
Industry Activities
Crude oilRefined oil

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