£7.3bn
£XXX.Xm
2,684
1,016
£XXX.Xm
Fuel, chemical and metal agents contend with highly volatile global commodity prices and industrial production and construction output fluctuations. The COVID-19 outbreak severely pressured global economic growth causing production levels to tumble and stymieing oil demand. Oil prices collapsed and fell into negative territory for the first time, with producers paying clients to take the surplus off their hands. Record-low oil prices had a substantial contractionary effect on revenue as most agents work off a commission basis. China's steel production was curbed by strict social distancing measures, lagging behind global steel demand, forcing the prices of some steel products to quadruple between September 2021 and September 2020. Steel prices dropped in 2022 as spiralling inflation and strict lockdowns in China ignited demand uncertainty, hitting steel-related commissions.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated £7.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (£m)
2024 |
---|---|---|
Sinochem International Oil (London) Co Ltd | 4,804.5 | |
EDF Trading Markets Ltd | 465.8 | |
ENGIE Power Ltd | 435.3 |
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Industry revenue is measured across several distinct product and services lines, including Fuels, Metals and Ores. Fuels is the largest segment of the Fuels, Industrial Chemicals & Metals Agents in the UK.
Petroleum-based products soared amid the Russia-Ukraine conflict
This industry includes the activities of commission agents, commodity brokers and other types of wholesalers acting on behalf of others in the sale of fuels, ores, metals and industrial chemicals, including fertilisers. Participants in the industry generate revenue on a fee, commission or contract basis. The industry includes transactions conducted over the internet.
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SIC 46.12 - Fuels, Industrial Chemicals & Metals Agents in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High crude oil prices aided industry revenue growth. The outbreak of the Russia-Ukraine conflict significantly inflating crude oil prices, which caused agents' revenue to soa...
Learn about an industry's products and services, markets and trends in international trade.
Fuel products bring in the most revenue. Revenue associated with petroleum products is likely to rise in 2023-24, with the IEA forecasting global oil demand in 2023 to reach ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
London is a global financial hub. This city is also home to the London Stock Exchange and the London Metal Exchange, from which many agents source commodities. Locating near ...
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.
Price is key to competition among agents. This is because of the industry's tight profit margin, as despite not physically taking hold of goods, they still represent a purcha...
Learn about the performance of the top companies in the industry.
The COVID-19 outbreak caused Sinochem’s revenue to fall. In 2020, the company’s revenue tanked by 48.8% as COVID-19 restrictions led to oil prices dipping below zero as trade...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The world price of oil is expected to fall in 2023-24. Agents typically pass on higher costs to buyers, so increases in the price of oil generally translates into higher comm...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Crude oil price increases caused profit to surge. The outbreak of the Russia-Ukraine conflict inflated crude oil prices and boosted profitability, as Western countries had to...
Including values and annual change:
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Key data sources in the UK include:
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The market size of the Fuels, Industrial Chemicals & Metals Agents in the UK industry in United Kingdom is £7.3bn in 2024.
There are 1,016 businesses in the Fuels, Industrial Chemicals & Metals Agents in the UK industry in United Kingdom, which has declined at a CAGR of 3.0 % between 2019 and 2024.
The market size of the Fuels, Industrial Chemicals & Metals Agents in the UK industry in United Kingdom has been declining at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Fuels, Industrial Chemicals & Metals Agents in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Fuels, Industrial Chemicals & Metals Agents market in United Kingdom are Sinochem International Oil (London) Co Ltd, EDF Trading Markets Ltd and ENGIE Power Ltd
Fuels and Metals are part of the Fuels, Industrial Chemicals & Metals Agents in the UK industry.
The company holding the most market share in United Kingdom is Sinochem International Oil (London) Co Ltd.
The level of competition is high and increasing in the Fuels, Industrial Chemicals & Metals Agents in the UK industry in United Kingdom.