Adding fuel: Rising motor vehicle numbers have driven demand for petroleum products

The Petroleum Product Wholesaling industry's four largest companies account for over 90% of industry revenue. Caltex Australia, Viva Energy, BP Australia and ExxonMobil all source petroleum products from their local fuel refining operations and imports. Many smaller independent wholesalers and importers compete for a share of the local market.The supply chain for petroleum products has significantly changed over the past five years due to the closure of upstream petroleum refineries, and investment in petroleum import terminals and storage facilities. Changes in ownership have further affected the industry's structure, such as Shell Australia's sale of its local refining, wholesaling and retail operations to Viva Energy and its exit from the industry in early more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Growth in the number of motor vehicles has supported demand for petroleum products
  • Growth in Australia’s population and the number of motor vehicles has supported the industry
  • The increasing fuel efficiency of new cars will limit fuel consumption per vehicle
  • Industry Report - Industry SWOT Analysis Chapter

    The Petroleum Product Wholesaling industry is in the mature phase of its economic life cycle. The industry is benefiting from the solid growth in the volume of demand for petroleum products and the restructuring of the local energy sector, which has seen the closure of local oil refining capacity, and subsequent investments in fuel import terminals and storage facilities. The sourcing of imported petroleum products from low cost and technologically efficient producers will likely feed through to lower input costs for the wholesalers.Industry value added, which measures the industry's contribution to the overall economy, is projected to increase only marginally at an annualised 0.1% over the 10 years through 2024-25. Thi...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)
  • Prompt delivery to market
  • 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 Industry?

    Industry firms wholesale petroleum or petroleum products. They may also retail liquefied petroleum gas (in bulk or containers), heating oil or other fuel oils. Major oil refiners have petroleum-wholesaling operations, but other firms also operate in the industry. Industry firms supply locally refined and imported products.

    Industry Products
  • Automotive petroleum
  • Automotive diesel oil
  • Aviation turbine fuel
  • Liquefied petroleum gas
  • Other petroleum products
  • Industry Activities
  • Bitumen wholesaling
  • Crude oil wholesaling
  • Crude petroleum and petroleum product wholesaling
  • Diesel oil wholesaling
  • Distillate wholesaling
  • Fuel oil wholesaling
  • Heating oil dealing
  • Kerosene wholesaling
  • Liquefied petroleum gas (LPG) wholesaling
  • Oil or grease, industrial or lubricating, 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
  • Demand from petroleum refining and petroleum fuel manufacturing

  • Current Performance
  • Profitability rises
  • Participation falls
  • Structural shake-up
  • Local demand changing
  • Chart: Revenue Growth

  • Industry Outlook
  • Profit strengthens
  • Competition trends
  • Demand drivers
  • Changing fuels
  • 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
  • Mining
  • Petroleum Refining and Petroleum Fuel Manufacturing
  • Construction
  • Fuel Retailing
  • Road Freight Transport

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

  • Products & Services
  • Automotive diesel oil
  • Automotive petroleum
  • Aviation turbine fuel
  • Liquefied petroleum gas
  • Other petroleum products
  • Chart: Petroleum Product Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mining, agriculture and transport sectors
  • Independent fuel retailers
  • Refiner-branded retailers
  • Resellers and distributors
  • 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
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Petroleum Product Wholesaling Industry

  • Industry Globalization
    Caltex Australia Limited, Viva Energy Holding Pty Ltd, BP Australia Investments Pty Ltd, ExxonMobil Australia Pty Ltd,
  • Table: Caltex Australia Limited - financial performance
  • Table: Viva Energy Holding Pty Ltd - financial performance
  • Table: BP Australia Investments Pty Ltd - financial performance
  • Table: ExxonMobil Australia Pty Ltd - 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 (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)
  • World crude oil price (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Australian Competition & Consumer Commission (ACCC) is a Commonwealth authority that enforces the Competition and Consumer Act 2010, promotes competition and regulates industries.
  • Diesel
  • A heavier fuel than petrol that can be used in cars and heavy vehicles. Diesel is also known as automotive distillate.
  • Ethanol
  • A fuel substitute or additive derived from plant sources.
  • Liquefied Petroleum Gas (Lpg)
  • This fuel has a lower energy content than petrol or diesel, but can be used as automotive fuel in vehicles with suitably modified engines.
  • What Our Customers Say

    Why buy this report?

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

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