Fuel Retailing in New Zealand - Market Research Report

Fuel Retailing industry trends (2014-2019)

poll Average industry growth 2014–2019: -0.9%

Volatility in the world price of crude oil has affected the Fuel Retailing industry over the past five years. An oversupply of crude oil in the global market caused the world price of crude oil to decline substantially between 2013-14 and 2015-16, with the most significant drop occurring in 2014-15. This drop in oil prices contributed to lower domestic petrol prices for consumers. Regular petrol prices fell from a peak of 233.3 cents per litre in 2013, to 186.4 cents per litre in 2016. Due to the inelastic nature of demand for fuel, these falling prices translated into lower revenue for industry firms. The depreciation of the New Zealand dollar against the US dollar over the past five years, which increased the relative price of fuel domestically, he...
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Fuel Retailing 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 Fuel Retailing industry's revenue is forecast to grow over the next five years. The world price of crude oil is projected to increase from its historical lows of the past five years. This trend will cause domestic petrol prices to increase. Due to the inelastic nature of fuel consumption, increased petrol prices will drive industry revenue growth. Consequently, industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to $X.X billion. The number of motor vehicles registered in New Zealand is projected to grow steadily over the next five years, boosting demand for petrol. However, improving fuel economy and a shift towards more fuel-efficient vehicles is anticipated to constrain some demand for fuel retailers o...
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Fuel Retailing industry statistics

  • attach_money Market Size: $8bn
  • business Number of Businesses: 1,131
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 6,941

Biggest companies in the Fuel Retailing industry

The companies holding the largest market share in the Fuel Retailing in New Zealand industry include Z Energy Limited, BP New Zealand Holdings Limited, ExxonMobil New Zealand Holdings and Boran NZ Limited.

  • pie_chart Z Energy Limited Market Share: x.x%
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  • pie_chart BP New Zealand Holdings Limited Market Share: x.x%
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  • pie_chart ExxonMobil New Zealand Holdings Market Share: x.x%
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  • pie_chart Boran NZ Limited Market Share: x.x%
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What is Fuel Retailing industry?

Industry Definition

Industry operators retail fuels, including petrol, LPG or lubricating oils, typically at a service station. Industry players also retail convenience store goods and provide services, such as car washing, to supplement revenue.

Industry Products and Services

  • Petrol
  • Diesel and other fuel products
  • Non-fuel products and services
  • Oils, lubricants and additives
  • All Others

Industry Activities

  • Automotive CNG retailing
  • Automotive LPG retailing
  • Diesel oil retailing
  • Distillate retailing
  • Engine oil retailing
  • Kerosene retailing
  • Lubricating oil or grease retailing
  • Petrol retailing
  • Service station operation

Market research report - table of contents

Industry Definition

Industry operators retail fuels, including petrol, LPG or lubricating oils, typically at a service station. Industry players also retail convenience store goods and provide services, such as car washing, to supplement revenue.

Main Activities

  • Automotive CNG retailing
  • Automotive LPG retailing
  • Diesel oil retailing
  • Distillate retailing
  • Engine oil retailing
  • Kerosene retailing
  • Lubricating oil or grease retailing
  • Petrol retailing
  • Service station operation

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Crude oil is priced in US dollars per barrel. As a result, the value of the New Zealand dollar against the US dollar influences domestic fuel prices. When...
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US dollars per New Zealand dollar
Number of motor vehicles
World price of crude oil
Domestic tourist visitor days

Current Performance

Profit margins
Industry changes
 Chart: Revenue Growth

Industry Outlook

Profit
Electric vehicles
 Table: Fuel Retailing in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Fuel Retailing in New Zealand - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Road Freight Transport in New Zealand
Taxi and Limousine Transport in New Zealand
Consumers in New Zealand




Key Selling Industries

Petroleum Refining and Petroleum Fuel Manufacturing in New Zealand
Petroleum Product Wholesaling in New Zealand





Products & Services

Industry players predominantly sell petrol, diesel and other fuel products to consumers and commercial operators. Fuel retailers also sell ancillary non-f...
Commercial firms





Demand Determinants

Industry demand is driven by price, brand loyalty and factors that affect the relative cost of automotive transport. Short-term fluctuations in petrol pri...
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Major Markets

Commercial firms






 Chart: Major Market Segmentation for the Fuel Retailing in New Zealand - Market Research Report Industry

International Trade

Business Locations

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

Market Share Concentration

The Fuel Retailing industry is moderately concentrated. In 2018-19, the industry's four largest players – Z Energy, BP, Mobil and Boran (Gull) – are expec...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Fuel Retailing in New Zealand - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Fuel Retailing in New Zealand - Market Research Report Industry

Industry Globalization

Z Energy Limited is a vertically integrated fuel wholesaler and retailer. The company's brand was established in May 2011, when multinational oil and gas ...
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Z Energy

 Table: Z Energy - financial performance

BP New Zealand

 Table: BP New Zealand - financial performance

Mobil Oil New Zealand

 Table: Mobil Oil New Zealand - financial performance

Boran NZ

 Table: Boran NZ - financial performance

Capital Intensity

The Fuel Retailing industry is characterised by high capital intensity. For every dollar spent on capital costs in 2018-19, an estimated $2.27 is spent on...
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 Chart: Level of Capital Intensity for the Fuel Retailing in New Zealand - 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 Fuel Retailing in New Zealand Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

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, %

DIESEL

LPG

PETROL

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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 Fuel Retailing industry?

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This report on Fuel Retailing in New Zealand:

  • 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 Fuel Retailing in New Zealand 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 Fuel Retailing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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