The market is dominated by foreign suppliers, as imports account for 89.9% of total market size in 2024. B2B drives market demand, with B2B spending representing 100% of total demand in 2024. Japan has the third largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD126 billion in 2024. Japan Petroleum Exploration Co Ltd is the largest company in Japan, generating 42.2% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 62.8% of total production value in 2024. The total number of companies increases in 2024, to 56 units. The costs of the industry increase by 2.8% in 2024, largely driven by rising B2B costs. The industry’s profitability increases and stands at 25.1% of production value in 2024, the 19th highest regionally. With production value of USD908 million, Japan accounts for 0.2% of the Asia Pacific total in 2024.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Japan: 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 Japan: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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