Industry Analysis & Industry Trends
This industry has expanded on average during the past five years, but revenue exhibited high volatility. During the recession, global demand for crude oil and petroleum products plummeted, and prices quickly followed, causing industry revenue to contract. The industry has grown since then, albeit slowly because of pipeline shortages in North America. Growth during the next five years is contingent on the successful completion of export pipelines. As exports rise, domestic prices will converge to higher international prices. Rising prices and steady consumption growth are forecast to drive up both the industry's revenue and profit... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Gasoline and Petroleum Bulk Stations industry is in the mature stage of its life cycle. In the 10 years to 2019, industry value added, which measures an industry's contribution to the economy, is projected to grow at an average annual rate of 7.0%. Over the same period, Canada's GDP is forecast to increase at an annualized rate of 2.4%. Although the industry's contribution to the economy is rising, the strong growth is mostly due to the recovery from recession lows. Overall, the industry exhibits characteristics of a mature industry.
Bulk stations and terminals wholesale a well-established set of products: crude oil and refined petroleum products. For the most part, refined petroleum products have remained stable in recent years, with minimal major technological advances... purchase to read more