The market is dominated by foreign suppliers, as imports account for 92.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 94.6% of total demand in 2022. India has the second largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD221 billion in 2022. Oil & Natural Gas Corp Ltd is the largest company in India, generating 57.9% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 71.5% of total production value in 2022. The total number of companies increases in 2022, to 52,485 units. The costs of the industry increase by 16.6% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 70.0% of production value in 2022, the second highest regionally. The industry’s exports share decreases in 2022 to 1.6% of total production output. With production value of USD17.4 billion, India accounts for 4.1% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in India: 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 India: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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