The market is dominated by domestic suppliers, as imports account for 40.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 90.7% of total demand in 2022. Canada has the fifth largest market size for extraction of crude petroleum and natural gas across the top 20 developed countries, with demand reaching USD66.7 billion in 2022. Suncor Energy Inc is the largest company in Canada, generating 6.3% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 19.3% of total production value in 2022. The total number of companies increases in 2022, to 15,012 units. The costs of the industry increase by 39.3% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 50.9% of production value in 2022, the sixth highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 78.7% of total production output. With production value of USD194 billion, Canada accounts for 29.1% of the North America total in 2022.
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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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