The market is dominated by foreign suppliers, as imports account for 54.4% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. China has the largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD539 billion in 2023. PetroChina Co Ltd is the largest company in China, generating 35.0% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 52.1% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 1% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 39.1% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 1.6% of total production output. With production value of USD217 billion, China accounts for 52.0% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in China: 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 China: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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