The market is dominated by domestic suppliers, as imports account for 20.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 81.5% of total demand in 2023. Australia has the ninth largest market size for extraction of crude petroleum and natural gas across the top 20 developed countries, with demand reaching USD38.2 billion in 2023. BHP Billiton Ltd is the largest company in Australia, generating 8.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 25.2% of total production value in 2023. The total number of companies decreases in 2023, to 2,362 units. The costs of the industry decrease by 7.9% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 51.7% of production value in 2023, the eighth highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 62.1% of total production output. With production value of USD75.1 billion, Australia accounts for 97.2% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Australia: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Australia: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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