Oil & Gas in China
Summary
Oil & Gas in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Synopsis
Essential resource for top-line data and analysis covering the China oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country.
- The Chinese oil & gas market had total revenues of $161.9bn in 2016, representing a compound annual rate of change (CARC) of -18.7% between 2012 and 2016.
- Market consumption volume increased with a compound annual growth rate (CAGR) of 5.5% between 2012 and 2016, to reach a total of 5.9 billion BOE in 2016.
- With global crude oil prices picking up pace somewhat in recent times, the Chinese oil and gas market is expected to bounce back from its decline and post strong growth in the forecast period. Nevertheless changing dynamics in the Chinese economy mean that in the long term, growth in unlikely to mirror that seen in China in the past. Value growth is expected to remain healthy but is following a decelerating path. One positive news for players in this market is that China is looking to expand its strategic oil reserves from the current 30 days reserves to 90 days reserves by the year 2020. This will help boost volume growth temporarily. Overall however value growth in the Chinese market will decelerate as demand stabilizes and does not grow at levels seen in the past.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in China
- Leading company profiles reveal details of key oil & gas market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China oil & gas market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the China oil & gas market by value in 2016?
- What will be the size of the China oil & gas market in 2021?
- What factors are affecting the strength of competition in the China oil & gas market?
- How has the market performed over the last five years?
- What are the main segments that make up China's oil & gas market?
