Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report

Petroleum Refining and Petroleum Fuel Manufacturing industry trends (2014-2019)

poll Average industry growth 2014–2019: -4.8%

Four major oil refineries generate almost all revenue in the Petroleum Refining and Petroleum Fuel Manufacturing industry. These oil refineries process crude oil into a range of fuels and secondary products that are then sold to downstream markets. Crude oil purchase costs dominate the industry's cost structure. The cost of this input, in conjunction with fluctuations in the value of the Australian dollar, contributes to significant revenue volatility, as world crude oil prices are typically passed on to downstream markets. Significant declines in refinery output and crude oil prices have negatively affected the industry over the past five years. Consequently, industry revenue is expected to decline at an annualised 4.8% over the five years through...
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Petroleum Refining and Petroleum Fuel Manufacturing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Petroleum Refining and Petroleum Fuel Manufacturing industry's performance is projected to improve over the next five years. However, long-term challenges to the industry's competitiveness, such as high import growth and the development of renewable energy sources, will likely contribute to ongoing declines in industry production capacity. Nevertheless, increasing retail petrol prices are forecast to counteract these pressures over the medium term. Industry revenue is projected to increase at an annualised X.X% over the five years through XXX-XX, to $XX.X billion. Production and performance Production projections over the next five years assume that the remaining four major refineries will continue to operate. Enterprise numbers are anticipated...
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Petroleum Refining and Petroleum Fuel Manufacturing industry statistics

  • attach_money Market Size: $21bn
  • business Number of Businesses: 152
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 1,880

Biggest companies in the Petroleum Refining and Petroleum Fuel Manufacturing industry

The companies holding the largest market share in the Petroleum Refining and Petroleum Fuel Manufacturing in Australia industry include BP Australia Investments Pty Ltd, Viva Energy Holding Pty Ltd, Caltex Australia Limited and ExxonMobil Australia Pty Ltd.

  • pie_chart BP Australia Investments Pty Ltd Market Share: x.x%
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  • pie_chart Viva Energy Holding Pty Ltd Market Share: x.x%
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  • pie_chart Caltex Australia Limited Market Share: x.x%
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  • pie_chart ExxonMobil Australia Pty Ltd Market Share: x.x%
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What is Petroleum Refining and Petroleum Fuel Manufacturing industry?

Industry Definition

Industry companies primarily refine crude oil or condensate (a light form of oil) to produce petrol, fuel oil, aviation fuel, grease base stock, petroleum gases and other petroleum products. Companies also blend materials into petroleum fuels and manufacture fuels from the liquefaction of petroleum gases. These products are then marketed by wholesalers and retailers, which may be owned by firms that operate the refineries.

Industry Products and Services

  • Automotive petroleum
  • Diesel
  • Aviation turbine fuel
  • Other refined petroleum products
  • All Others

Industry Activities

  • Automotive petroleum manufacturing
  • Automotive and industrial diesel manufacturing
  • Aviation fuel manufacturing
  • Gas oil, fuel oil and heating oil manufacturing
  • Jet fuel manufacturing
  • Kerosene manufacturing
  • LPG manufacturing (in conjunction with petroleum refining)
  • Motor spirit manufacturing
  • Oil or grease base stock manufacturing
  • Petroleum refining and blending

Market research report - table of contents

Industry Definition

Industry companies primarily refine crude oil or condensate (a light form of oil) to produce petrol, fuel oil, aviation fuel, grease base stock, petroleum gases and other petroleum products. Companies also blend materials into petroleum fuels and manufacture fuels from the liquefaction of petroleum gases. These products are then marketed by wholesalers and retailers, which may be owned by firms that operate the refineries.

Main Activities

  • Automotive petroleum manufacturing
  • Automotive and industrial diesel manufacturing
  • Aviation fuel manufacturing
  • Gas oil, fuel oil and heating oil manufacturing
  • Jet fuel manufacturing
  • Kerosene manufacturing
  • LPG manufacturing (in conjunction with petroleum refining)
  • Motor spirit manufacturing
  • Oil or grease base stock manufacturing
  • Petroleum refining and blending

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

All industry products are derived from crude oil. Trends in the world price of crude oil influence the cost of petroleum refining and petroleum manufactur...
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World price of crude oil
US dollars per Australian dollar
Aircraft kilometres flown
Electricity service price

Current Performance

Strong import competition
Domestic challenges
 Chart: Revenue Growth

Industry Outlook

Supply chain changes
Profit and employment
 Table: Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Road and Bridge Construction in Australia
Petroleum Product Wholesaling in Australia
Fuel Retailing in Australia




Key Selling Industries

Oil and Gas Extraction in Australia
Port Operators in Australia
Engineering Consulting in Australia
Electricity Retailing in Australia
Water Freight Transport in Australia


Products & Services

The Petroleum Refining and Petroleum Fuel Manufacturing industry manufactures several products from crude oil. Petroleum, diesel, and aviation turbine fue...
Petroleum and diesel retailers
Aviation and other fuel wholesalers
Export markets



Demand Determinants

Transportation activity and price influence demand for the industry's products. When the price of industry products suddenly increases, demand drops until...
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Major Markets

Petroleum and diesel retailers
Aviation and other fuel wholesalers
Export markets




 Chart: Major Market Segmentation for the Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The industry's four major players are expected to account for virtually all industry revenue in 2018-19. The number of oil refineries has declined over th...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report Industry

Industry Globalization

BP Australia Investments Pty Ltd is wholly owned by major oil company BP plc, and manufactures petroleum products at its refinery in Western Australia. Ba...
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BP Australia

 Table: BP Australia - financial performance

Viva Energy

 Table: Viva Energy - financial performance

Caltex

 Table: Caltex - financial performance

ExxonMobil Australia

 Table: ExxonMobil Australia - financial performance

Capital Intensity

The Petroleum Refining and Petroleum Fuel Manufacturing industry is highly capital-intensive. For every dollar required for labour inputs in 2018-19, indu...
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 Chart: Level of Capital Intensity for the Petroleum Refining and Petroleum Fuel Manufacturing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Petroleum Refining and Petroleum Fuel Manufacturing in Australia Industry

Industry Revenue (2007-2018)
Industry Gross Product (2007-2018)
Establishments (2007-2018)
Businesses (2007-2018)
Employment (2007-2018)
Exports (2007-2018)
Imports (2007-2018)
Wages (2007-2018)
Refinery Output (2007-2018)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Petroleum Refining and Petroleum Fuel Manufacturing industry?

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This report on Petroleum Refining and Petroleum Fuel Manufacturing in Australia:

  • 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 Petroleum Refining and Petroleum Fuel Manufacturing in Australia 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 Petroleum Refining and Petroleum Fuel Manufacturing in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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