The market is dominated by foreign suppliers, as imports account for 69.8% of total market size in 2024. B2B drives market demand, with B2B spending representing 100% of total demand in 2024. The UK has the largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD87.0 billion in 2024. BP Plc is the largest company in the UK, generating 4.9% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 18.7% of total production value in 2024. The total number of companies decreases in 2024, to 4,742 units. The costs of the industry decrease by 0.6% in 2024, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 53.2% of production value in 2024, the second highest regionally. The industry’s exports share decreases in 2024 to 55.6% of total production output. With production value of USD60.0 billion, the UK accounts for % of the Western Europe total in 2024.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in the United Kingdom: 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 the United Kingdom: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Energy in United Kingdom 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 the United Kingdom: ISIC 11
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