Industry Analysis & Industry Trends
The Gasoline and Petroleum Wholesaling industry experienced volatile growth over the past five years. While petroleum consumption was relatively stable, product prices fluctuated widely due to the global economic downturn and domestic infrastructure shortages. Since then, however, growing industrial output has buoyed petroleum consumption. Over the five years to 2021, the industry is projected to experience more stable growth due to strengthening demand for petroleum products and the scheduled expansion of pipeline infrastructure... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Gasoline and Petroleum Wholesaling industry is in the mature stage of its life cycle. Over the 10 years to 2021, industry value added, which measures an industry's contribution to the economy, is forecast to decrease at an average annual rate of 1.8%. Over the same period, Canada's GDP is projected to grow an average of 1.9% per year. As a result, this industry's importance to the economy is declining, due in large part to the massive declines in prices. With steady consolidation and a stable product line, this industry can be viewed as mature.
Industry products are well segmented and stable. For the most part, refined products such as motor gasoline and diesel fuel have long been in production, and product research and development (R&D) has been minimal... purchase to read more