The market is dominated by domestic suppliers, as imports account for 32.9% of total market size in 2020. Households drive market demand, with household spending representing 54.8% of total demand in 2020. The UK has the fourth largest market size for refined petroleum products in the region, with demand reaching USD56.5 billion in 2020. Exxon Mobil Corp is the largest company in the UK, generating 27.0% of the industry’s total production value in 2020. The industry is concentrated, with the top three companies generating 51.9% of total production value in 2020. The total number of companies increases in 2020, to 1,228 units. The costs of the industry decrease by 33.2% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 3.2% of production value in 2020, the 11th highest in the region. With production value of USD20.7 billion, the UK accounts for 6.9% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Refined Petroleum Products in the UK: ISIC 232. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Refined Petroleum Products in the UK: ISIC 232 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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