With production value of USD79.5 billion, Australia accounts for 97.5% of the Australasia total in 2022. The industry’s exports share increases in 2022 to 63.8% of total production output. The industry’s profitability increases and stands at 59.5% of production value in 2022, the fourth highest across the top 20 developed countries. The costs of the industry increase by 17.8% in 2022, largely driven by rising B2B costs. The total number of companies increases in 2022, to 2,402 units. The industry is fragmented, with the top five companies generating 23.0% of total production value in 2022. BHP Billiton Ltd is the largest company in Australia, generating 8.1% of the industry’s total production value in 2022. Australia has the ninth largest market size for extraction of crude petroleum and natural gas across the top 20 developed countries, with demand reaching USD45.0 billion in 2022. B2B drives market demand, with B2B spending representing 81.7% of total demand in 2022. The market is dominated by domestic suppliers, as imports account for 31.4% of total market size in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Australia: 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 Australia: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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