Oil & Gas in Philippines
Summary
Oil & Gas in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Filipino oil & gas market recorded revenues of $29.3 billion in 2023, representing a compound annual growth rate (CAGR) of 5.8% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 2% between 2018 and 2023, to reach a total of 208.4 million BoE in 2023.
- The contraction in the oil & gas market in recent years can be attributed to the growing sales of electric vehicles. According to MarketLine, the Filipino hybrid and electric cars market stood at $106.5 million in 2023, an increase of 33.5% 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 Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Philippines
- 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 Philippines oil & gas market with five year forecasts
- What was the size of the Philippines oil & gas market by value in 2023?
- What will be the size of the Philippines oil & gas market in 2028?
- What factors are affecting the strength of competition in the Philippines oil & gas market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines'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?
- 8 Company Profiles
- 8.1. Petron Corp
- 8.2. Philippine National Oil Co
- 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: Philippines oil & gas market value: $ million, 2018-23
- Table 2: Philippines oil & gas market category segmentation: % share, by value, 2018-2023
- Table 3: Philippines oil & gas market category segmentation: $ million, 2018-2023
- Table 4: Philippines oil & gas market geography segmentation: $ million, 2023
- Table 5: Philippines oil & gas market value forecast: $ million, 2023-28
- Table 6: Petron Corp: key facts
- Table 7: Petron Corp: Annual Financial Ratios
- Table 8: Petron Corp: Key Employees
- Table 9: Petron Corp: Key Employees Continued
- Table 10: Philippine National Oil Co: key facts
- Table 11: Philippine National Oil Co: Key Employees
- Table 12: Philippines size of population (million), 2019-23
- Table 13: Philippines gdp (constant 2005 prices, $ billion), 2019-23
- Table 14: Philippines gdp (current prices, $ billion), 2019-23
- Table 15: Philippines inflation, 2019-23
- Table 16: Philippines consumer price index (absolute), 2019-23
- Table 17: Philippines exchange rate, 2019-23
- List of Figures
- Figure 1: Philippines oil & gas market value: $ million, 2018-23
- Figure 2: Philippines oil & gas market category segmentation: $ million, 2018-2023
- Figure 3: Philippines oil & gas market geography segmentation: % share, by value, 2023
- Figure 4: Philippines oil & gas market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the oil & gas market in Philippines, 2023
- Figure 6: Drivers of buyer power in the oil & gas market in Philippines, 2023
- Figure 7: Drivers of supplier power in the oil & gas market in Philippines, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the oil & gas market in Philippines, 2023
- Figure 9: Factors influencing the threat of substitutes in the oil & gas market in Philippines, 2023
- Figure 10: Drivers of degree of rivalry in the oil & gas market in Philippines, 2023
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