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Crude Petroleum & Natural Gas Extraction in Lithuania - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

LT-B06 August 2024 Factsheet

Revenue

€42.6m

2019-2024 0.0 %
2024-2029 X.X %

Employees

147

2019-2024 1.4 %
2024-2029 X.X %

Businesses

4

2019-2024 3.5 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 X.X %
2024-2029 X.X %

Crude Petroleum & Natural Gas Extraction in Lithuania market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Lithuania compared to Europe?

Country Benchmarking

Industry Data Lithuania

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#29 In Europe
Business
#20 In Europe
Employees
#23 In Europe
Wages
#25 In Europe

The Crude Petroleum & Natural Gas Extraction in Lithuania ranks 29 in Europe with regards to its 2024 revenue (€42.6m). Revenue received by operators in Lithuania has been moderate in volatility over the past five-year period, with the average annual change in revenue (0.0 %) most comparable to...

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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 Crude Petroleum & Natural Gas Extraction industry in Lithuania in 2024?

The market size of the Crude Petroleum & Natural Gas Extraction industry in Lithuania is €42.6m in 2024.

How many businesses are there in the Crude Petroleum & Natural Gas Extraction in Lithuania industry in 2024?

There are 4 businesses in the Crude Petroleum & Natural Gas Extraction industry in Lithuania, which has declined at a CAGR of 3.5 % between 2019 and 2024.

Has the Crude Petroleum & Natural Gas Extraction industry in Lithuania grown or declined over the past 5 years?

The market size of the Crude Petroleum & Natural Gas Extraction industry in Lithuania has been declining at a CAGR of 0.0 % between 2019 and 2024.

What is the forecast growth of the Crude Petroleum & Natural Gas Extraction industry in Lithuania over the next 5 years?

Over the next five years, the Crude Petroleum & Natural Gas Extraction industry in Lithuania is expected to grow.

What does the Crude Petroleum & Natural Gas Extraction in Lithuania include?

Extraction of crude petroleum and Extraction of natural gas are part of the Crude Petroleum & Natural Gas Extraction industry.

How competitive is the Crude Petroleum & Natural Gas Extraction industry in Lithuania?

The level of competition is low and steady in the Crude Petroleum & Natural Gas Extraction industry in Lithuania.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas and the recovery of hydrocarbon liquids. This includes operating and developing oil and gas field properties, including drilling, completing and equipping wells, operating separators, emulsion breakers, desilting equipment and field gathering lines for crude petroleum.

What's included in this industry?

Extraction of crude petroleumExtraction of natural gas

Industry Code

ISIC 2006

06 - Extraction of crude petroleum and natural gas in Lithuania

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 Crude Petroleum & Natural Gas Extraction in Lithuania
  • Employees in the Crude Petroleum & Natural Gas Extraction in Lithuania
  • Business in the Crude Petroleum & Natural Gas Extraction in Lithuania
  • Profit in the Crude Petroleum & Natural Gas Extraction in Lithuania

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

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Crude Petroleum & Natural Gas Extraction in Lithuania industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

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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 Crude Petroleum & Natural Gas Extraction in Lithuania 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.