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 Gasoline and Petroleum Bulk Stations industry is expected to return to growth over the five years to 2020, slowly recovering from the anticipated collapse in industry revenue in 2015. Steady domestic and global economic growth will bolster demand for the oil and petroleum products stored by industry operators, bolstering industry sales volumes. Additionally, the expansion of pipeline infrastructure will fuel crude oil and petroleum product exports, causing domestic prices to converge on higher international prices... 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. Over the 10 years to 2020, industry value added, a measure of an industry's contribution to the economy, is projected to grow at an annualized rate of 4.8%. Over the same period, Canada's GDP is forecast to increase at an annualized rate of 2.2%. Although the industry's contribution to the economy is rising, this strong IVA growth can be attributed to the industry's strong recovery following recessionary lows, even as IVA is forecast to decline very strongly in 2015. 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... purchase to read more