Hong Kong Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027
Summary
Oil & Gas in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
- The Hong Kongese oil & gas market generated total revenues of $65.6 billion in 2022, representing a compound annual growth rate (CAGR) of 10.7% between 2017 and 2022.
- Market consumption volume declined with a negative CAGR of 0.5% between 2017 and 2022, reaching a total of 0.2 billion BoE in 2022.
- The Hong Kongese oil & gas market is driven by several macroeconomic factors, such as increasing industrialization and rising inflation. Economic growth plays a significant role, as expanding economies lead to increased business growth in end-use industries, driving demand for the oil & gas market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Hong Kong
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong oil & gas market with five year forecasts
- What was the size of the Hong Kong oil & gas market by value in 2022?
- What will be the size of the Hong Kong oil & gas market in 2027?
- What factors are affecting the strength of competition in the Hong Kong oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitiors in Hong Kong's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading player?
- 7.4. What were the most notable recent developments in this market?
- 8 Company Profiles
- 8.1. CNOOC Limited
- 8.2. PetroChina Company Limited
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Hong Kong oil & gas market value: $ million, 2017-22
- Table 2: Hong Kong oil & gas market volume: million BoE, 2017-22
- Table 3: Hong Kong oil & gas market category segmentation: % share, by value, 2017-2022
- Table 4: Hong Kong oil & gas market category segmentation: $ million, 2017-2022
- Table 5: Hong Kong oil & gas market geography segmentation: $ million, 2022
- Table 6: Hong Kong oil & gas market value forecast: $ million, 2022-27
- Table 7: Hong Kong oil & gas market volume forecast: million BoE, 2022-27
- Table 8: CNOOC Limited: key facts
- Table 9: CNOOC Limited: Annual Financial Ratios
- Table 10: CNOOC Limited: Key Employees
- Table 11: PetroChina Company Limited: key facts
- Table 12: PetroChina Company Limited: Annual Financial Ratios
- Table 13: PetroChina Company Limited: Key Employees
- Table 14: Hong Kong size of population (million), 2018-22
- Table 15: Hong Kong gdp (constant 2005 prices, $ billion), 2018-22
- Table 16: Hong Kong gdp (current prices, $ billion), 2018-22
- Table 17: Hong Kong inflation, 2018-22
- Table 18: Hong Kong consumer price index (absolute), 2018-22
- Table 19: Hong Kong exchange rate, 2018-22
- List of Figures
- Figure 1: Hong Kong oil & gas market value: $ million, 2017-22
- Figure 2: Hong Kong oil & gas market volume: million BoE, 2017-22
- Figure 3: Hong Kong oil & gas market category segmentation: $ million, 2017-2022
- Figure 4: Hong Kong oil & gas market geography segmentation: % share, by value, 2022
- Figure 5: Hong Kong oil & gas market value forecast: $ million, 2022-27
- Figure 6: Hong Kong oil & gas market volume forecast: million BoE, 2022-27
- Figure 7: Forces driving competition in the oil & gas market in Hong Kong, 2022
- Figure 8: Drivers of buyer power in the oil & gas market in Hong Kong, 2022
- Figure 9: Drivers of supplier power in the oil & gas market in Hong Kong, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Hong Kong, 2022
- Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Hong Kong, 2022
- Figure 12: Drivers of degree of rivalry in the oil & gas market in Hong Kong, 2022
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