$257.2bn
$X.Xbn
5,937
350
$XXX.Xm
Gas and petroleum wholesaling prices are tied to global crude oil prices, which can cause significant volatility for companies. Crude oil prices rose sharply prior to the start of the period amid rising global economic activity and increasing demand, which translated to strong revenue growth. In 2020, the world price of crude oil plunged as lockdowns and economic uncertainty reduced downstream demand for oil and gas products. However, large increases in oil prices during 2021 and 2022 contributed to solid industry revenue growth as the economy boomed. In response to high inflation and rising interest rates, a cooling economy is expected to have weakened revenue growth in recent years. Industry revenue is expected to grow at a CAGR of 4.5% to $257.2 billion through the end of 2024, with further growth of 1.1% forecast for the current year due to expected increases in oil prices.
Industry revenue has grown at a CAGR of 4.5 % over the past five years, to reach an estimated $257.2bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Imperial Oil | 5,428.9 | N/A | N/A | |
Suncor | 2,207.7 | N/A | N/A | |
Royal Dutch Shell PLC | 676.8 | N/A | N/A |
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Industry revenue is measured across several distinct product and services lines, including Crude oil, Pentane plus and Motor gasoline. Crude oil is the largest segment of the Gasoline & Petroleum Wholesaling in Canada.
Sales of crude oil are notoriously volatile
This industry purchases petroleum products from petroleum bulk stations and sells these products to retailers, including gas stations, car parts retailers, warehouses, superstores and supermarkets, manufacturers and natural gas retail distributors.
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NAICS 412110 - Gasoline & Petroleum Wholesaling in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic contributed to volatile oil prices, significantly impacting wholesalers. Sales of petroleum products dropped during stay-at-home orders and rose sharply as trave...
Learn about an industry's products and services, markets and trends in international trade.
Vehicle usage significantly influences the demand for motor gasoline and related products. This highlights how transportation requirements shape fuel consumption trends. Unde...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Alberta and Ontario house the most industry establishments. The industry is spread based on crude oil production, oil refineries, and downstream customers’ locations. This di...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Skilled employees give petroleum wholesalers a competitive edge. The workforce capable of safely blending fuels is small. This scarcity makes skilled personnel highly valuabl...
Learn about the performance of the top companies in the industry.
Imperial Oil Limited is expected to account for the largest share of industry revenue in 2024. The company is largely owned by Exxon Mobil.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Gasoline and Petroleum Wholesaling industry is highly regulated. Regulations cover product quality, environmental impact, and industry standardization. These rules ensure...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wholesalers can't gain significant price concessions from petroleum refineries or gas stations. This means operators handle most of the costs tied to petroleum products. They...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Gasoline & Petroleum Wholesaling industry in Canada is $257.2bn in 2024.
There are 350 businesses in the Gasoline & Petroleum Wholesaling industry in Canada, which has declined at a CAGR of 3.0 % between 2019 and 2024.
The market size of the Gasoline & Petroleum Wholesaling industry in Canada has been growing at a CAGR of 4.5 % between 2019 and 2024.
Over the next five years, the Gasoline & Petroleum Wholesaling industry in Canada is expected to decline.
The biggest companies operating in the Gasoline & Petroleum Wholesaling market in Canada are Imperial Oil, Suncor and Royal Dutch Shell PLC
Crude oil and Pentane plus are part of the Gasoline & Petroleum Wholesaling industry.
The company holding the most market share in Canada is Imperial Oil.
The level of competition is high and increasing in the Gasoline & Petroleum Wholesaling industry in Canada.