The market is dominated by domestic suppliers, as imports account for 48.2% of total market size in 2024. B2B drives market demand, with B2B spending representing 89.7% of total demand in 2024. Canada has the 10th largest market size for extraction of crude petroleum and natural gas across the top 20 developed countries, with demand reaching USD45.1 billion in 2024. Suncor Energy Inc is the largest company in Canada, generating 6.7% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 20.6% of total production value in 2024. The total number of companies decreases in 2024, to 27,772 units. The costs of the industry increase by 2.2% in 2024, largely driven by rising B2B costs. The industry’s profitability increases and stands at 62.5% of production value in 2024, the fifth highest across the top 20 developed countries. The industry’s exports share increases in 2024 to 86.0% of total production output. With production value of USD171 billion, Canada accounts for 30.7% of the North America total in 2024.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Canada: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Canada: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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