Overview

A bumpy ride: Declines in crude oil prices have led to stalls in fuel retailer revenue

IBISWorld’s Fuel Retailing in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Fuel Retailing industry has been affected by volatility in the world price of crude oil over the past five years. The world price of crude oil has dropped significantly over the period, falling consecutively between 2012-13 and 2015-16. A sudden oversupply of crude oil in the global market led to a dramatic decline in the world price of crude oil, particularly during 2014-15. The drop in oil prices contributed to lower domestic petrol prices for consumers. Due to the inelastic nature of demand for fuel, this translated into lower revenue generated by industry firms. As a result, regular petrol prices fell from a peak of 228.1 cents per litre in 2013 to 184.2 cents per litre in 2016. Industry revenue is expected to decline by an annualised 1.4%...

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Industry Report - Industry Analysis Chapter

The Fuel Retailing industry’s performance has been tied to world crude oil prices over the past five years. The world price of crude oil directly affects domestic fuel prices in New Zealand. Demand for fuel is inelastic, as it is considered an essential good required to power motor vehicles and other passenger transport. As a result, a fall in the world price of crude oil will typically translate into reduced industry revenue, given that demand remains stable.

Global crude oil prices were historically high at the beginning of the five-year period, with regular petrol prices reaching a peak of 228.1 cents per litre in the March quarter of 2013 according to the Ministry of Transport. How..

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Additional Insights for the Fuel Retailing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fuel Retailing Industry are

  • Proximity to key markets
  • Having an integrated operation
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and US dollars per New Zealand dollar in the Fuel Retailing industry impact industry performance..

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    New Zealand Special Report

    Industry Products

    What is the Fuel Retailing in New Zealand Industry?

    Establishments in the industry are engaged in retailing 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
    Petrol
    Diesel and other fuel products
    Non-fuel products and services
    Oils, lubricants and additives
    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

    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
  • US dollars per New Zealand dollar
  • Number of motor vehicles
  • Domestic tourist visitor nights

  • Current Performance
  • Consumer demand
  • Profit margins
  • Industry changes
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry structure
  • Profit
  • Table: Fuel Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fuel Retailing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Road Freight Transport in New Zealand
  • Taxi and Limousine Transport in New Zealand
  • Consumers in New Zealand

  • Key Selling Industries
  • Petroleum Product Wholesaling in New Zealand
  • Petroleum Refining and Petroleum Fuel Manufacturing in New Zealand

  • Products & Services
  • Petrol
  • Non-fuel products and services
  • Diesel and other fuel products
  • Oils, lubricants and additives
  • Chart: Fuel Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Commercial firms
  • Chart: Major Market Segmentation for the Fuel Retailing 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 Fuel Retailing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fuel Retailing Industry

  • Industry Globalization
    Major Companies
    Z Energy LimitedBP New Zealand Holdings LimitedExxonMobil New Zealand HoldingsGull Petroleum (NZ) Limited
  • Table: Z Energy Limited - financial performance
  • Table: BP New Zealand Holdings Limited - financial performance
  • Table: ExxonMobil New Zealand Holdings - financial performance
  • Table: Gull Petroleum (NZ) Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fuel Retailing 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 Fuel Retailing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Diesel
  • A heavier fuel than petrol, which can be used in cars as well as heavy vehicles.
  • Lpg
  • Liquefied petroleum gas can be used as fuel in suitably modified motor vehicles.
  • Petrol
  • A transport fuel, refined from crude oil, which is commonly used to power cars.
  • 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 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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