The market is dominated by domestic suppliers, as imports account for 44.3% of total market size in 2020. B2B drives market demand, with B2B spending representing 93.3% of total demand in 2020. Canada has the eighth largest market size for extraction of crude petroleum and natural gas across the top 20 developed countries, with demand reaching USD35.1 billion in 2020. Suncor Energy Inc is the largest company in Canada, generating 9.5% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 29.0% of total production value in 2020. The total number of companies decreases in 2020, to 16,017 units. The costs of the industry decrease by 25.9% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 45.7% of production value in 2020, the eighth highest across the top 20 developed countries. The industry’s exports share decreases in 2020 to 75.3% of total production output. With production value of USD82.9 billion, Canada accounts for 23.4% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Canada: 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 Canada: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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