Market size and recent performance (2009-2024)
Industry revenue has declined at a CAGR of -4.6% over the past five years, to reach an estimated $760.5bn in 2019.
Trends and Insights
- Trade activity has remained high in the industry, especially among imports
- Additional trends and insights available with purchase
Biggest companies in the Petroleum Refining in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Petróleos Mexicanos |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Gasoline: Magna, Gasoline: Premium and Aviation fuel. Gasoline: Magna is the largest segment of the Petroleum Refining in Mexico.
Trends and Insights
The Petroleum Refining industry in Mexico primarily refines gasoline.
- Gasoline is expected to account for 60.3% of total industry revenue. Within this category, Magna, or regular gasoline, accounts for 49.1% of total industry revenue, while Premium accounts for 11.2% of total industry revenue in 2019. This share has remained steady over the past five years.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Petroleum Refining industry in Mexico processes a wide variety of liquids and fuels such as gasoline, diesel, kerosene, different varieties of aviation fuel, asphalt paving mixtures and other crude oil feedstocks. These products are used downstream in airline operational facilities, utilities and manufacturing industries and even by households for vehicle fuel. The industry is monopolized completely by Petróleos Mexicanos (Pemex), which owns all six operational refineries in Mexico. Despite Pemex being one of the largest crude oil and natural gas producers in the world, the Petroleum Refining industry has remained a net importer over the five years to 2019. According to Pemex's latest available annual report, in 2017, the company imported an estimated 570,200 barrels of gasoline per day, satisfying 71.5% of total domestic demand by volume. Actual production in Mexico is slightly over 40.0% of total refining capacity. This has proved detrimental for industry revenue despite a constant uptick in demand.
What's included in this industry?
Gasoline productionAviation fuel productionLubricant productionProducing aliphatic and aromatic chemicals as byproductsDistillate fuel oil (diesel fuel) productionKerosene productionProducing aliphatic and aromatic chemicals as byproductsGasoline: MagnaGasoline: PremiumAviation fuelDieselFuel oilAll otherCompanies
Petróleos MexicanosPurchase this report to view all 1 major companies in this industry.
Related Terms
BARRELGASOLINEREFINING MARGINIndustry Code
NAICS 32411MX - Petroleum Refining in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
World price of crude oil. Crude oil is the primary feedstock for this Industry. Therefore, it is the main revenue and cost driver. When crude oil prices increase, profit margi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The Petroleum Refining industry in Mexico primarily refines gasoline. Gasoline is expected to account for 60.3% of total industry revenue. Within this category, Magna, or regu...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
As of April 2019, Mexico has six operational refineries. Out of the six, four are concentrated in the East and Northeast regions, with both regions having two refineries each....
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Downstream ownership links. For operators in this industry, a strong presence in the retail market for petroleum products provides a direct sales outlet.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Petróleos Mexicanos (Pemex) is the largest and only operator in the industry that owns refineries in Mexico. According to the company's annual report, it is the eighth-largest...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Petróleos Mexicanos's performance by revenue, market share and profit margin from 2013 through 2019
Detailed analysis
- Description and key data for Petróleos Mexicanos, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulations in the Petroleum Refining Industry in Mexico are very high and increasing. Overall, legal framework for the entire energy sector is governed by the Ministry of Ene...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Petroleum Refining industry in Mexico in 2019?
The market size of the Petroleum Refining industry in Mexico is $760.5bn in 2019.
How many businesses are there in the Petroleum Refining in Mexico industry in 2019?
There are 5 businesses in the Petroleum Refining industry in Mexico, which has declined at a CAGR of 0.0% between 2014 and 2019.
Has the Petroleum Refining industry in Mexico grown or declined over the past 5 years?
The market size of the Petroleum Refining industry in Mexico has been at a CAGR of -4.6% between 2014 and 2019.
What is the forecast growth of the Petroleum Refining industry in Mexico over the next 5 years?
The Petroleum Refining in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Petroleum Refining market in Mexico?
The biggest company operating in the Petroleum Refining market in Mexico is Petróleos Mexicanos
What does the Petroleum Refining in Mexico include?
Gasoline production and Aviation fuel production are part of the Petroleum Refining industry.
Which companies have the highest market share in the Petroleum Refining in Mexico?
The company holding the most market share in Mexico is Petróleos Mexicanos.
How many people are/were employed in the Petroleum Refining in Mexico in 2019?
There are 22,291 employed in the Petroleum Refining industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry manufactures petrochemicals, which are chemicals derived from refined petroleum or liquid hydrocarbons.
- This industry supplies oil for refining.
- Operators in this industry manufacture a diverse range of chemical products.
Methodology
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Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
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