The market is dominated by domestic suppliers, as imports account for 22.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 78.3% of total demand in 2022. India has the third largest market size for refined petroleum products regionally, with demand reaching USD160 billion in 2022. Indian Oil Corp Ltd is the largest company in India, generating 21.2% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 66.5% of total production value in 2022. The total number of companies increases in 2022, to 138,455 units. The costs of the industry increase by 39.4% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 3.7% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 42.0% of total production output. With production value of USD214 billion, India accounts for 15.5% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in India: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in India: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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