The market is dominated by foreign suppliers, as imports account for 94.7% of total market size in 2020. B2B drives market demand, with B2B spending representing 100% of total demand in 2020. Italy has the second largest market size for extraction of crude petroleum and natural gas in the region, with demand reaching USD44.4 billion in 2020. ENI SpA is the largest company in Italy, generating 31.7% of the industry’s total production value in 2020. The industry is concentrated, with the top four companies generating 66.7% of total production value in 2020. The total number of companies decreases in 2020, to 31 units. The costs of the industry decrease by 15.2% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 36.1% of production value in 2020, the 11th highest in the region. With production value of USD2.6 billion, Italy accounts for 2.3% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Italy: 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 Italy: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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