Revving up: OPEC supply cuts are expected to prop up oil prices, supporting future growth

The Fuel Wholesaling industry consists of operators trading in a large variety of fuel products, including petrol, diesel, kerosene, jet fuel, liquefied petroleum gas (LPG) and lubricants. Revenue has been somewhat volatile over the past five years, as it is heavily determined by crude oil prices, which have caused significant shifts in revenue. Crude oil prices fell during the first half of the five-year period, most notably in 2015. This contributed heavily towards a 16.8% decline in revenue over 2015. Crude oil prices are expected to recover slightly over the latter part of the five-year period, supporting marginal revenue growth. Overall, IBISWorld expects industry revenue to fall at a compound annual rate of 2.8% over the five years through 2019 to €9.1 billion...read more.

Industry Statistics & Market Size
Revenue
€9.1bn
Annual Growth 14-19
-2.8%
Forecast Growth 19-24
Profit
Employment
3,065
Businesses
364
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A sharp decline in crude oil prices caused revenue to drop sharply at the beginning of the period
  • Environmental concerns have dictated movements in the level of demand for different types of fuel
  • A shift away from diesel engines is expected to continue to benefit wholesalers of petrol
  • Industry Report - Industry SWOT Analysis Chapter

    The Fuel Wholesaling industry is expected to be in the mature stage of its life cycle. Many downstream industries have displayed significant technological advancement over the past five years, which has resulted in increasing fuel efficiencies. This ultimately meant that these industries demanded less fuel, which restricted demand for the Fuel Wholesaling industry. However, the industry still receives ample demand from traditional markets such as petrol stations, which tends to keep demand for diesel and petrol high. Although petrol and diesel are well established in the industry, demand for diesel is expected to decline over the 10-year period through 2024, as regulations surrounding nitrogen oxide emissions become increasingly stringent. Nev...purchase to read more.

    Additional Insights for the Fuel Wholesaling Industry

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

  • Ability to pass on cost increases
  • Economies of scale
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Demand from petrol stations in the Fuel Wholesaling industry impact industry performance..

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    What's in this report

    What is the Fuel Wholesaling in Ireland Industry?

    The industry purchases fuel products and by-products from petroleum refining firms to wholesale to petrol stations, electricity generators, aviation and shipping industries, commercial resellers, domestic suppliers, and other industries. Firms in the industry wholesale charcoal, coal, coke, fuelwood, naphtha, crude oil, diesel fuel, petrol, fuel oil, heating oil, kerosene, greases, oils and gases such as liquefied petroleum gas (LPG), butane and propane.

    Industry Products
  • Automotive diesel
  • Petrol
  • Jet fuel
  • Biofuel
  • Industry Activities
  • Wholesaling bottled liquid petroleum gas
  • Wholesaling fuel oil
  • Wholesaling crude oil
  • Wholesaling distillate fuel
  • Wholesaling lubricating oil and grease
  • 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 petrol stations
  • Fuel prices
  • Demand from manufacturing

  • Current Performance
    Fuelling volatilityEnvironmental concerns
  • Chart: Revenue Growth

  • Industry Outlook
    Oil pricesConventional substitutesProfit and enterprises
  • Table: Fuel Wholesaling Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Iron & Steel Manufacturing in Ireland
  • Electricity Production in Ireland
  • Petrol Stations in Ireland

  • Key Selling Industries
  • Petroleum Refining in Ireland

  • Products & Services
  • Automotive diesel
  • Other
  • Petrol
  • Jet fuel
  • Biofuel
  • Chart: Fuel Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Petrol stations
  • Electricity generators
  • Aviation and shipping industries
  • Other industries
  • Chart: Major Market Segmentation for the Fuel Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Fuel Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fuel 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 Fuel Wholesaling Industry
    Includes:
  • 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
    Jet Fuel
  • A form of kerosene used to power aircraft. It is also known as aviation turbine fuel.
  • Diesel
  • A somewhat heavier fuel than petrol that can be used by cars and heavy vehicles. Diesel is also known as automotive distillate.
  • Petroleum Gases
  • These include ethane, propane, butane and other gases. Propane and butane are often sold as liquefied petroleum gas (LPG).
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fuel Wholesaling in Ireland 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 Fuel Wholesaling in Ireland:
    • 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 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 Wholesaling in Ireland 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 Wholesaling in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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