The market is dominated by foreign suppliers, as imports account for 97.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. Spain has the seventh largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD33.4 billion in 2023. Repsol Exploración SA is the largest company in Spain, generating 4.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 6.6% of total production value in 2023. The total number of companies decreases in 2023, to 37 units. The costs of the industry increase by 8.6% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at -9.5% of production value in 2023, the 20th highest regionally. The industry’s exports share decreases in 2023 to 22.0% of total production output. With production value of USD859 million, Spain accounts for 0.4% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Spain: 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 Spain: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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