The market is dominated by domestic suppliers, as imports account for 37.6% of total market size in 2023. Households drive market demand, with household spending representing 61.7% of total demand in 2023. The UK has the third largest market size for refined petroleum products regionally, with demand reaching USD123 billion in 2023. Essar Oil (UK) Ltd is the largest company in the UK, generating 27.1% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 95.4% of total production value in 2023. The total number of companies increases in 2023, to 1,184 units. The costs of the industry decrease by 20.6% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 10.4% of production value in 2023, the fourth highest regionally. The industry’s exports share decreases in 2023 to 23.7% of total production output. With production value of USD37.9 billion, the UK accounts for % of the Western Europe total in 2023.
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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
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