The market is dominated by domestic suppliers, as imports account for 17.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 51.4% of total demand in 2022. Japan has the second largest market size for refined petroleum products regionally, with demand reaching USD207 billion in 2022. JXTG Holdings Inc is the largest company in Japan, generating 30.1% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 84.6% of total production value in 2022. The total number of companies increases in 2022, to 958 units. The costs of the industry increase by 1.7% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.4% of production value in 2022, the 16th highest regionally. The industry’s exports share increases in 2022 to 17.3% of total production output. With production value of USD116 billion, Japan accounts for 8.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in Japan: 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 Japan: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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