The market is dominated by domestic suppliers, as imports account for 40.7% of total market size in 2024. Households drive market demand, with household spending representing 54.7% of total demand in 2024. The UK has the third largest market size for refined petroleum products regionally, with demand reaching USD114 billion in 2024. Essar Oil (UK) Ltd is the largest company in the UK, generating 27.3% of the industry’s total production value in 2024. The industry is concentrated, with the top five companies generating 96.2% of total production value in 2024. The total number of companies increases in 2024, to 1,498 units. The costs of the industry decrease by 8.6% in 2024, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 2.1% of production value in 2024, the fifth highest regionally. The industry’s exports share decreases in 2024 to 20.7% of total production output. With production value of USD36.2 billion, the UK accounts for % of the Western Europe total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Refined Petroleum Products in the United Kingdom: 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 the United Kingdom: ISIC 232 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?
Refined Petroleum Products in the United Kingdom: ISIC 232
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MARKET OVERVIEW
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