Oil & Gas in New Zealand 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 New Zealand 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 New Zealand oil & gas market had total revenues of $2.2bn in 2016, representing a compound annual rate of change (CARC) of -20.1% between 2012 and 2016.
Market consumption volume increased with a compound annual growth rate (CAGR) of 1.9% between 2012 and 2016, to reach a total of 89.5 million BOE in 2016.
Successive New Zealand governments have sought to push their country increasingly towards renewable energy. In fact according to the government’s “Energy Strategy”, it aims to generate 90% of the country’s electricity from renewable sources of energy. This will further reduce demand for oil and gas and explains the decline in volume in the forecast period. Thus whilst recovering crude oil prices will boost the New Zealand oil and gas market and push it towards growth, overall growth will be held back somewhat by changing consumer patterns and a push towards renewable energy resulting in lower consumption levels.
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What was the size of the New Zealand oil & gas market by value in 2016?
What will be the size of the New Zealand oil & gas market in 2021?
What factors are affecting the strength of competition in the New Zealand oil & gas market?
How has the market performed over the last five years?
What are the main segments that make up New Zealand's oil & gas market?