The market is dominated by foreign suppliers, as imports account for 90.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 94.3% of total demand in 2022. Japan has the third largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD157 billion in 2022. Japan Petroleum Exploration Co Ltd is the largest company in Japan, generating 40.6% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 60.5% of total production value in 2022. The total number of companies remains unchanged in 2022. The costs of the industry decrease by 13.7% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 14.0% of production value in 2022, the 19th highest regionally. With production value of USD841 million, Japan accounts for 0.2% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Japan: ISIC 11. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Extraction of Crude Petroleum and Natural Gas in Japan: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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