Crude performance: Industry revenue falls on the back of low world oil prices

IBISWorld’s Petroleum Product Wholesaling market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • The petroleum product supply chain has undergone substantial change over the past five years
  • Industry revenue has declined despite higher sales volumes and inelastic demand
  • The anticipated recovery or world crude oil prices will contribute to industry growth

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    Industry Analysis & Industry Trends

    Four major companies dominate the Petroleum Product Wholesaling industry, contributing almost 95% of industry revenue in 2016-17. All four companies refine fuel products domestically and also import refined petroleum products from their overseas operations. The industry also contains many smaller independent wholesalers and importers.

    The petroleum product supply chain has undergone substantial structural change over the past five years, associated with upstream refining capacity closing and industry assets being sold. Decreased domestic refining has stimulated industry investment in import terminals and storage facilities...

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    Industry Report - Industry Locations Chapter

    The geographic spread of petroleum wholesalers is broadly related to the spread of the population, business numbers and the economy. Although there is some concentration of activity close to the source of local oil production and the large petroleum product refineries in Victoria and Western Australia.

    The substantial level of industry activity along the eastern seaboard reflects the economic importance and substantial populations of the eastern states. The three most populace states account for 75.6% of industry enterprises, broadly corresponding to the share of population held by New South Wales, Queensland and Victoria (77.0%).

    Victoria has a disproportionately high share of total enterprises (28.3% of businesses), which is well above its 24.8% s..

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    Additional Insights for the Petroleum Product Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Petroleum Product Wholesaling Industry are

  • Economies of scale
  • Upstream vertical integration (ownership links)
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Demand from fuel retailing in the Petroleum Product Wholesaling industry impact industry performance..

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    Industry Products

    What is the Petroleum Product Wholesaling Industry?

    Industry firms wholesale petroleum or petroleum products. They may also retail liquefied petroleum gas (in bulk or containers), heating oil or other fuel oils. Major oil refiners have petroleum-wholesaling operations, but other firms also operate in the industry. Industry firms supply locally refined and imported products.

    Industry Products
    Automotive petroleum
    Automotive diesel oil
    Aviation turbine fuel
    Liquefied petroleum gas
    Other petroleum products
    Industry Activities
    Bitumen wholesaling
    Crude oil wholesaling
    Crude petroleum and petroleum product wholesaling
    Diesel oil wholesaling
    Distillate wholesaling
    Fuel oil wholesaling
    Heating oil dealing
    Kerosene wholesaling
    Liquefied petroleum gas (LPG) wholesaling
    Oil or grease, industrial or lubricating, wholesaling

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Demand from fuel retailing
  • Number of motor vehicles
  • Demand from petroleum refining and petroleum fuel manufacturing
  • Real household disposable income

  • Current Performance
  • Profitability
  • Structural shake-up
  • Local demand changing
  • Chart: Revenue Growth

  • Industry Outlook
  • Oil prices
  • Profit strengthens
  • Changing fuels
  • Table: Petroleum Product Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Petroleum Product Wholesaling Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Petroleum Refining and Petroleum Fuel Manufacturing
  • Construction
  • Fuel Retailing
  • Road Freight Transport

  • Key Selling Industries
  • Oil and Gas Extraction
  • Petroleum Refining and Petroleum Fuel Manufacturing

  • Products & Services
  • Automotive diesel oil
  • Automotive petroleum
  • Aviation turbine fuel
  • Liquefied petroleum gas
  • Other petroleum products
  • Chart: Petroleum Product Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mining, agriculture and transport sectors
  • Independent fuel retailers
  • Refiner branded retailers
  • Resellers and distributors
  • Chart: Major Market Segmentation for the Petroleum Product Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Petroleum Product Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Petroleum Product Wholesaling Industry

  • Industry Globalization
    Major Companies
    Caltex Australia LimitedViva Energy Holding Pty LtdBP Australia Investments Pty LtdExxonMobil Australia Pty Ltd
  • Table: Caltex Australia Limited - financial performance
  • Table: Viva Energy Holding Pty Ltd - financial performance
  • Table: BP Australia Investments Pty Ltd - financial performance
  • Table: ExxonMobil Australia Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Petroleum Product Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Petroleum Product Wholesaling Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World crude oil price (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • A heavier fuel than petrol that can be used in cars and heavy vehicles. Diesel is also known as automotive distillate.
  • Ethanol
  • A fuel substitute or additive derived from plant sources.
  • Liquefied Petroleum Gas (Lpg)
  • This fuel has a lower energy content than petrol or diesel, but can be used as automotive fuel in vehicles with suitably modified engines.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Petroleum Product Wholesaling:
    • 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 Product Wholesaling 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 Product Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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