The market is dominated by domestic suppliers, as imports account for 15.6% of total market size in 2024. B2B drives market demand, with B2B spending representing 60.1% of total demand in 2024. Japan has the third largest market size for refined petroleum products regionally, with demand reaching USD221 billion in 2024. JXTG Holdings Inc is the largest company in Japan, generating 30.2% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 84.7% of total production value in 2024. The total number of companies decreases in 2024, to 735 units. The costs of the industry decrease by 12.9% in 2024, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 3.1% of production value in 2024, the 19th highest regionally. The industry’s exports share decreases in 2024 to 9.7% of total production output. With production value of USD116 billion, Japan accounts for 8.3% of the Asia Pacific total in 2024.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Japan: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in Japan: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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