Gasoline & Petroleum Wholesaling in Canada - Industry Market Research Report

Gasoline & Petroleum Wholesaling in Canada - Industry Market Research Report

Gasoline & Petroleum Wholesaling in Canada

Canada's Gasoline and Petroleum Wholesaling industry distributes petroleum products to retail gas stations, manufacturers, and other customers. Industry product prices are tied to global crude oil prices, which can cause significant volatility for wholesalers. Crude oil prices rose sharply in 2017 and 2018 amid growing global economic activity and increasing demand, which prompted strong revenue growth. In 2020, the world price of crude oil plunged as quarantine measures and concerns over the economy reduced downstream demand for oil and gas products. However, strong growth in oil prices is expected to contribute to solid industry revenue growth in both 2021 and 2022. Over the five years to 2023, industry revenue is expected to grow at an annualized rate of 2.8% to $216.5 billion, despite an estimated decline of 7.7% in 2023 as the world price of oil is anticipated to fall amid an increase in production and economic uncertainty, limiting oil demand.

This industry purchases petroleum products from petroleum bulk stations and sells these products to retailers, including gas stations, car parts retailers, warehouses, superstores and supermarkets, manufacturers and natural gas retail distributors.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.