Oil & Gas in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Africa oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country.
The South African oil & gas market had total revenues of $8.1bn in 2016, representing a compound annual rate of change (CARC) of -22.4% between 2012 and 2016.
Market consumption volume increased with a compound annual growth rate (CAGR) of 0.1% between 2012 and 2016, to reach a total of 262.7 million BOE in 2016.
Growth in South African volume figures as far as the country’s oil and gas market is concerned has been rather stagnant. Whilst volume figures did not decline, they barely increased. This is primarily due to wider macroeconomic factors affecting the South African economy. For example low consumer confidence impacted the sales of new car sales which have been declining consistently for three years now in the country. In 2016 the number of new cars sold in South Africa declined by more than 11%. The manufacturing sector too has struggled with the country’s manufacturing output index falling at 98.5 in 2016 as compared to 100 in 2015. The wider struggles in the South African economy are therefore having a significant impact on the South African oil and gas market.
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What was the size of the South Africa oil & gas market by value in 2016?
What will be the size of the South Africa oil & gas market in 2021?
What factors are affecting the strength of competition in the South Africa oil & gas market?
How has the market performed over the last five years?
What are the main segments that make up South Africa's oil & gas market?