Slick moves: Extended cuts to oil production are likely to support industry revenue growth

Industry operators sell a range of fuel products, including automotive petroleum and diesel, jet fuel, heating oil, liquefied petroleum gases and lubricants. The industry’s performance has been heavily affected by volatile crude oil prices over the past five years, which have caused shifts in revenue and equally large movements in costs, weighing on margins. IBISWorld expects industry revenue to fall at a compound annual rate of 5.1% to £58.8 billion over the five years through 2018-19. Revenue is expected to fall by 0.8% in 2018-19, with rising oil prices expected to limit current-year more.

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

Industry Threats & Opportunities

  • Volatile crude oil prices and a shifting demand mix has negatively affected performance
  • Although vehicles have become more efficient, a rising population has sustained demand
  • Government measures to encourage greener energy are expected to pose a long-term threat to demand
  • Industry Report - Industry Key Buyers Chapter

    The Fuel Wholesaling industry has a low level of market share concentration, since the four largest participants are estimated to generate 39.3% of industry revenue in 2018-19. Traditionally, large vertically integrated oil companies have wholesaled their own products to their downstream subsidiaries. Over the past decade, some of these companies have decided to reduce their role in this and other downstream markets because changing consumption patterns and the subdued economic conditions for much of the period made them unprofitable. Most of these companies have refineries geared towards petrol production, but they are now adapting in favour of more environmentally friendly and efficient fuels...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

  • Access to secure revenues
  • Economies of scale
  • Downstream ownership links
  • IBISWorld analysts also discuss how external factors such as Demand from petrol stations and Public concern over environmental issues in the Fuel Wholesaling industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Fuel Wholesaling Industry?

    Firms in this industry sell a range of fuel products and some by-products from the petroleum refining process. The industry includes the wholesale of charcoal, coal, coke, fuel wood, naphtha, crude oil, diesel fuel, petrol, fuel oil, heating oil and kerosene. The industry also includes the wholesale of greases, oils and gases such as liquefied petroleum gas (LPG), butane and propane.

    Industry Products
  • Automotive diesel
  • Petrol
  • Jet fuel
  • Biofuel
  • Industry Activities
  • Wholesaling petroleum products
  • Wholesaling crude oil
  • Wholesaling liquefied petroleum gases
  • Wholesaling lubricants
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from petrol stations
  • Public concern over environmental issues
  • Demand from scheduled passenger air transport
  • Downstream demand from manufacturing
  • World price of crude oil
  • Fuel prices

  • Current Performance
  • Price drop
  • Demand conditions
  • Petrol or diesel
  • Chart: Revenue Growth

  • Industry Outlook
  • Oil prices
  • Evolving demands
  • Industry profitability
  • 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
  • Electricity Production
  • Petrol Stations

  • Key Selling Industries
  • Petroleum Refining

  • 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 and agriculture
  • Commercial resellers
  • Domestic suppliers
  • 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
    ProfitPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Fuel Wholesaling

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fuel Wholesaling Industry

  • Industry Globalization
    Greenergy Fuels Ltd, DCC plc,
  • Table: Greenergy Fuels Ltd - financial performance
  • Table: DCC plc - financial performance

  • 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
  • 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
  • A somewhat heavier fuel than petrol that can be used by cars and heavy vehicles. Diesel is also known as automotive distillate.
  • Jet Fuel
  • A form of kerosene used to power aircraft. It is also known as aviation turbine fuel.
  • 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 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.

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

    Contact Us

    Would you like to speak to an IBISWorld representative?