Oil & Gas in Hong Kong
Summary
Oil & Gas in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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 average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Hong Kongese oil & gas market recorded revenues of $66.4 billion in 2023, representing a compound annual growth rate (CAGR) of 9.1% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 0.5% between 2018 and 2023, to reach a total of 180.4 million BoE in 2023.
- The slow growth in the oil & gas market in 2023 can be attributed to the growing sales of electric vehicles. According to MarketLine, the Hong Kongese hybrid and electric cars market stood at $3.5 billion in 2023, an increase of 13.4% from the previous year.
- 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 by both value and volume
- What was the size of the Hong Kong oil & gas market by value in 2023?
- What will be the size of the Hong Kong oil & gas market in 2028?
- 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 competitors in Hong Kong's oil & gas market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value 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 is the rationale behind recent M&A activity?
- 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. About MarketLine
- List of Tables
- Table 1: Hong Kong oil & gas market value: $ million, 2018-23
- Table 2: Hong Kong oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Hong Kong oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Hong Kong oil & gas market geography segmentation: $ million, 2023
- Table 5: Hong Kong oil & gas market value forecast: $ million, 2023-28
- Table 6: CNOOC Limited: key facts
- Table 7: CNOOC Limited: Annual Financial Ratios
- Table 8: CNOOC Limited: Key Employees
- Table 9: PetroChina Company Limited: key facts
- Table 10: PetroChina Company Limited: Annual Financial Ratios
- Table 11: PetroChina Company Limited: Key Employees
- Table 12: Hong Kong size of population (million), 2019-23
- Table 13: Hong Kong gdp (constant 2005 prices, $ billion), 2019-23
- Table 14: Hong Kong gdp (current prices, $ billion), 2019-23
- Table 15: Hong Kong inflation, 2019-23
- Table 16: Hong Kong consumer price index (absolute), 2019-23
- Table 17: Hong Kong exchange rate, 2019-23
- List of Figures
- Figure 1: Hong Kong oil & gas market value: $ million, 2018-23
- Figure 2: Hong Kong oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Hong Kong oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Hong Kong oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in Hong Kong, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in Hong Kong, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in Hong Kong, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in Hong Kong, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in Hong Kong, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in Hong Kong, 2023
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