Switching gears: Changing industry conditions fuel new growth despite revenue declines

Three major players dominate the Bulk Fuel Storage industry: BP, Caltex and Viva Energy (previously known as Shell). The companies are global vertically integrated petroleum giants, and their activities cover the whole supply chain, from oil production, fuel refining and storage, to fuel wholesaling and retailing. The Bulk Fuel Storage industry effectively captures just one layer of this process. The major players separate the activities of the supply chain into different business groups. Firms that solely provide bulk fuel storage services charge upstream refineries a fee to store their fuel before these products are distributed to downstream retailers.Industry revenue is expected to fall at an annualised 3.8% over the five years through 2017-18, to $1.1 billion...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
-3.8%
Forecast Growth 18-23
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Profit
x.x%lock
Employment
1,107
Businesses
15
Market Share of Companies

Industry Threats & Opportunities

  • The conversion of fuel refineries to fuel import terminals is expected to boost revenue growth
  • Significant fluctuations in the price of crude oil have underpinned the industry’s weak performance
  • Greater fuel storage capacity and a higher world price of crude oil will drive growth

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    Industry Report - Industry Key Buyers Chapter

    The industry displays a high market share concentration. In 2017-18, the industry's four largest players are expected to account for 73.5% of total revenue. BP, Caltex and Viva Energy (formerly known as Shell) are all estimated to account for over 20% of industry revenue each. As vertically integrated companies, these major players all operate bulk fuel storage terminals as part of their supply chains. Other smaller players also operate fuel storage facilities and tend to distribute products to smaller independent wholesalers and retailers. Over the past five years, market share concentration has decreased as new gas terminal operators have entered the industry. Sev...purchase to read more.

    Additional Insights for the Bulk Fuel Storage Industry

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

  • Downstream ownership links
  • Economies of scale
  • Proximity to key markets

    • IBISWorld analysts also discuss how external factors such as Aircraft kilometres flown and Demand from fuel retailing in the Bulk Fuel Storage industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Bulk Fuel Storage Industry?

    Companies in the industry store large quantities of fuel and operate fuel import terminals. This fuel is not processed or transformed while it is in storage.

    Industry Products
  • Automotive diesel oil
  • Automotive gasoline
  • Aviation turbine fuel
  • LPG
  • Other fuel products
    • Industry Activities
  • fuel import terminals
  • Automotive diesel oil storage
  • Automotive petroleum storage
  • Aviation turbine fuel storage
  • Liquefied petroleum gas (LPG) storage
  • Other bulk fuel storage
    • 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
  • Aircraft kilometres flown
  • Demand from fuel retailing
  • Number of motor vehicles
  • World price of crude oil

    • Current Performance
  • Revenue and profitability
  • Industry structure
  • Regulation trends
  • Chart: Revenue Growth

    • Industry Outlook
  • Demand growth and capacity expansions
  • Shifting demand drivers
  • Revenue and profitability
  • Table: Bulk Fuel Storage Industry Revenue Outlook

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

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Petroleum Product Wholesaling
  • Fuel Retailing

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

    • Products & Services
  • Automotive diesel oil
  • Automotive gasoline
  • Aviation turbine fuel
  • LPG
  • Other fuel products
  • Chart: Bulk Fuel Storage Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Same firm's distribution network
  • Other large-scale wholesalers and retailers
  • Other wholesalers and retailers
  • Chart: Major Market Segmentation for the Bulk Fuel Storage 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 Bulk Fuel Storage

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bulk Fuel Storage Industry

    • Industry Globalization

    Major Companies

    BP Australia Investments Pty Ltd, Caltex Australia Limited, Viva Energy Holding Pty Ltd,
  • Table: BP Australia Investments Pty Ltd - financial performance
  • Table: Caltex Australia Limited - financial performance
  • Table: Viva Energy Holding Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Bulk Fuel Storage 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 Bulk Fuel Storage 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

    Fuel Import Terminal
  • A site where fuel is offloaded from freight ships to fuel storage containers, and is distributed to land vehicles or pipelines.
    • Liquefied Natural Gas (Lng)
  • Natural gas that has been converted to liquid for ease of transport.
    • Liquefied Petroleum Gas (Lpg)
  • A flammable mixture of hydrocarbon gases used as a fuel in heating appliances and vehicles.
    • Megalitre
  • A metric unit equivalent to one million litres that is used to measure large amounts of liquid.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Bulk Fuel Storage market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Bulk Fuel Storage:
    • 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 Bulk Fuel Storage 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 Bulk Fuel Storage, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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