The market is dominated by foreign suppliers, as imports account for 55.8% of total market size in 2024. B2B drives market demand, with B2B spending representing 96.8% of total demand in 2024. China has the largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD514 billion in 2024. PetroChina Co Ltd is the largest company in China, generating 34.9% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 52.1% of total production value in 2024. The total number of companies decreases in 2024, to 1,761 units. The costs of the industry decrease by 0.3% in 2024, largely driven by declining labour costs. The industry’s profitability increases and stands at 51.5% of production value in 2024, the 12th highest regionally. The industry’s exports share decreases in 2024 to 1.8% of total production output. With production value of USD213 billion, China accounts for 50.0% of the Asia Pacific total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in China: 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 China: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Energy in China report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
- What is the turnover of the Energy?
- How the Energy will perform in the future?
- Which categories are driving industry's growth?
- Which factors will shape industry’s performance?
- What is the industry’s costs and demand structure?
- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Extraction of Crude Petroleum and Natural Gas in China: ISIC 11
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