Crude awakening: Industry profit margins have risen, despite declining revenue

The Petroleum Product Wholesaling industry is dominated by a handful of integrated fuel retailers and wholesalers. Z Energy, BP and ExxonMobil have stakes in the upstream Marsden Point oil refinery in Northland, and also operate an extensive service station network in the Fuel Retailing industry. Consequently, these three players hold a significant share in the Petroleum Product Wholesaling industry, and benefit from scale economies and synergies associated with an integrated petroleum supply chain. Each major player stores and distributes petrol, diesel, LPG and other petroleum products from numerous bulk storage facilities to their own branded petrol stations and other independent more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Profit margins for the industry’s large players are rising due to their strong market power
  • Falling crude oil prices have boosted margins for industry operators over the past five years
  • Rising crude oil prices are forecast to boost revenue over the next five years
  • Industry Report - Industry Locations Chapter

    Industry establishments are largely concentrated around central distribution and storage facilities. The major players wholly and jointly own and operate terminals at major ports across the country. Population and economic centres also attract industry establishments due to the size of downstream petroleum markets in these regions. The network of fuel retailing outlets in Auckland, Wellington and Canterbury are reflected in their strong presence in the industry. Otago is also heavily represented in the industry due to significant distribution facilities located at Dunedin. The ports of Tauranga and Nelson also cause the regions of Bay of Plenty and Nelson to be overrepresented in the industry...purchase to read more.

    Additional Insights for the Petroleum Product Wholesaling Industry

    IBISWorld has determined the most important Key Success Factors for the Petroleum Product Wholesaling are:

  • Economies of scale
  • Upstream vertical integration (ownership links)
  • Ability to pass on cost increases
  • 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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    What's in this report

    What is the Petroleum Product Wholesaling in New Zealand Industry?

    Industry operators wholesale petroleum, diesel oil, LPG, fuel oil, jet fuel and other petroleum products. The industry excludes refining or retailing activities.

    Industry Products
  • Petrol
  • Diesel
  • Aviation fuels
  • Fuel oil, LPG and other products
  • Industry Activities
  • Petroleum wholesaling
  • Diesel oil wholesaling
  • Fuel oil wholesaling
  • LPG wholesaling
  • Bitumen wholesaling
  • Jet fuel wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Demand from fuel retailing
  • Number of motor vehicles
  • US dollars per New Zealand dollar

  • Current Performance
  • Industry structure
  • Petroleum products and pricing trends
  • Consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Oil prices and participation trends
  • Investigation into petrol pricing
  • Fuel efficiency and demand
  • Table: Petroleum Product Wholesaling Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Road and Bridge Construction in New Zealand
  • Fuel Retailing in New Zealand
  • Road Freight Transport in New Zealand

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

  • Products & Services
  • Diesel
  • Petrol
  • Aviation fuels
  • Fuel oil, LPG and other products
  • Chart: Petroleum Product Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Passenger vehicle transport
  • Commercial vehicle transport
  • Agricultural and industrial users
  • Aviation operators
  • Other markets
  • Chart: Major Market Segmentation for the Petroleum Product Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    Z Energy Limited, BP New Zealand Holdings Limited, ExxonMobil New Zealand Holdings,
  • Table: Z Energy Limited - financial performance
  • Table: BP New Zealand Holdings Limited - financial performance
  • Table: ExxonMobil New Zealand Holdings - financial performance

  • 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
    Table: Industry Data for the Petroleum Product Wholesaling Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Crude Oil
  • Crude oil is the unrefined raw input for most industry products.
  • Diesel
  • A fuel that is heavier than petrol and is often used in commercial vehicles, such as trucks.
  • Lpg
  • Liquefied petroleum gas is an alternative fuel to diesel or petrol for motor vehicles.
  • What Our Customers Say

    Why buy this report?

    The Petroleum Product Wholesaling in New Zealand market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 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 Petroleum Product Wholesaling 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 Petroleum Product Wholesaling 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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