Gasoline & Petroleum Wholesaling in Canada
The price of industry products is tied to global crude oil prices, and over the past five years, the industry has experienced volatile operating conditions. Crude oil prices rose sharply in the years leading up to the reporting period thanks to growing global economic activity, and rising prices prompted strong growth in revenue. However, oversupply and slowing demand from many developed and emerging economies prompted prices to drop sharply between 2015 and 2016. However, prices have improved since their nadir in 2016, although they remain well below their peak. Overall, industry revenue is expected to decrease over the five years to 2018. Over the five years to 2023, the Gasoline and Petroleum Wholesaling industry in Canada is projected to experience stable revenue growth due to strengthening demand for petroleum products and continued growth in crude oil prices, which will lead to higher prices for industry products. Further, with an improving domestic economy and stronger industrial output, this will stimulate demand for industry products. The anticipated expansion in domestic pipeline infrastructure would bolster petroleum exports, benefiting petroleum prices.
This industry purchases petroleum products from petroleum bulk stations and sells these products to retailers, including gas stations, car parts retailers, warehouses, superstores and supermarkets, manufacturers and natural gas retail distributors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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