The market is dominated by foreign suppliers, as imports account for 98.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 97.4% of total demand in 2022. Spain has the seventh largest market size for extraction of crude petroleum and natural gas regionally, with demand reaching USD34.9 billion in 2022. Repsol Exploración SA is the largest company in Spain, generating 4.5% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 6.0% of total production value in 2022. The total number of companies increases in 2022, to 52 units. The costs of the industry decrease by 1.7% in 2022, largely driven by declining labour costs. The industry’s profitability increases and stands at 0.2% of production value in 2022, the 20th highest regionally. The industry’s exports share increases in 2022 to 23.0% of total production output. With production value of USD968 million, Spain accounts for 0.3% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Extraction of Crude Petroleum and Natural Gas in Spain: 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 Spain: ISIC 11 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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