Industry Statistics and Trends
Fuel & Related Product Wholesaling in Europe key trends
Sanctions on Russia push up prices.
Following its invasion of Ukraine, the EU and other western nations placed severe sanctions on Russia, including a ban on Russian fuel imports, pushing prices up and driving revenue growth for wholesalers.
Low-carbon fuels threaten petrol and diesel sales.
Low-carbon fuels like biodiesel and bioethanol are gaining market share at the expense of petrol and diesel. Battery-electric vehicles are also eating into sales.
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Fuel & Related Product Wholesaling in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Fuel & Related Product Wholesaling in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 3.8 % over the past five years, to reach an estimated €1.1tr in 2024.
Trends and Insights
The Russia-Ukraine conflict sparks substantial fuel price rises
- Following Russia’s invasion of Ukraine in February 2022, the EU and other European countries (like the UK) introduced severe sanctions on Russia, including a commitment to wean off Russian oil and gas.
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Fuel & Related Product Wholesaling in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Declining investment in oil and gas will force prices up
- The European Central Bank estimates that EU investment in oil and gas was around US$375 billion (€342.5 billion) in 2021. This is around US$300 billion (€274 billion) lower than the annual average between 2011 and 2014, reflecting a long-term drop in investment.
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Revenue
€1.1tr
Employees
516k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Fuel & Related Product Wholesaling in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Shell plc | 298,979.1 | 37,074.9 | 12.4 | |
TotalEnergies SE | 214,981.8 | 30,744.0 | 14.3 | |
Eni SpA | 128,440.1 | 13,615.0 | 10.6 |
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Fuel & Related Product Wholesaling in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Fuel & Related Product Wholesaling industry in Europe in 2024?
The market size of the Fuel & Related Product Wholesaling industry in Europe is €1.1tr in 2024.
How many businesses are there in the Fuel & Related Product Wholesaling in Europe industry in 2024?
There are 74,276 businesses in the Fuel & Related Product Wholesaling industry in Europe, which has grown at a CAGR of 8.7 % between 2019 and 2024.
Has the Fuel & Related Product Wholesaling industry in Europe grown or declined over the past 5 years?
The market size of the Fuel & Related Product Wholesaling industry in Europe has been declining at a CAGR of 8.7 % between 2019 and 2024.
What is the forecast growth of the Fuel & Related Product Wholesaling industry in Europe over the next 5 years?
Over the next five years, the Fuel & Related Product Wholesaling industry in Europe is expected to decline.
What are the biggest companies in the Fuel & Related Product Wholesaling market in Europe?
The biggest companies operating in the Fuel & Related Product Wholesaling market in Europe are Shell plc, TotalEnergies SE and Eni SpA
What does the Fuel & Related Product Wholesaling in Europe include?
Automotive diesel and petrol and Jet fuel are part of the Fuel & Related Product Wholesaling industry.
Which companies have the highest market share in the Fuel & Related Product Wholesaling in Europe?
The company holding the most market share in Europe is Shell plc.
Which countries have the most businesses in the Fuel & Related Product Wholesaling industry in Europe?
The European country with the most businesses in the Fuel & Related Product Wholesaling industry is Russia.
How competitive is the Fuel & Related Product Wholesaling industry in Europe?
The level of competition is high and increasing in the Fuel & Related Product Wholesaling industry in Europe.
Related Industries
This industry is covered in 37 countries
- Fuel & Related Product Wholesaling in Austria
- Fuel & Related Product Wholesaling in France
- Fuel & Related Product Wholesaling in Lithuania
- Fuel & Related Product Wholesaling in the Netherlands
- Fuel & Related Product Wholesaling in Estonia
- Fuel & Related Product Wholesaling in Slovenia
- Fuel & Related Product Wholesaling in Iceland
- Fuel & Related Product Wholesaling in Europe
- Fuel Wholesaling in the UK
- Fuel Wholesaling in Ireland
- Fuel Wholesaling in Germany
- Fuel & Related Product Wholesaling in Spain
- Fuel & Related Product Wholesaling in Portugal
- Fuel & Related Product Wholesaling in Serbia
- Fuel & Related Product Wholesaling in Belgium
- Fuel & Related Product Wholesaling in Czechia
- Fuel & Related Product Wholesaling in Finland
- Fuel & Related Product Wholesaling in Croatia
- Fuel & Related Product Wholesaling in Bulgaria
- Fuel & Related Product Wholesaling in Luxembourg
- Fuel & Related Product Wholesaling in Russia
- Fuel & Related Product Wholesaling in Slovakia
- Fuel & Related Product Wholesaling in Hungary
- Fuel & Related Product Wholesaling in Denmark
- Fuel & Related Product Wholesaling in Turkey
- Fuel & Related Product Wholesaling in Malta
- Fuel & Related Product Wholesaling in Bosnia & Herzegovina
- Fuel & Related Product Wholesaling in Greece
- Fuel & Related Product Wholesaling in Romania
- Fuel & Related Product Wholesaling in Norway
- Fuel & Related Product Wholesaling in Italy
- Fuel & Related Product Wholesaling in Sweden
- Fuel & Related Product Wholesaling in Poland
- Fuel & Related Product Wholesaling in Cyprus
- Fuel & Related Product Wholesaling in Latvia
Table of Contents
About this industry
Industry definition
Companies in this industry sell a range of fuel products and some by-products from the petroleum refining process. The industry includes the wholesale of charcoal, coal, coke, fuel wood, naptha, crude oil, diesel fuel, petrol, fuel oil, heating oil and kerosene. The industry also includes the wholesale of greases, oils and gases such as liquefied petroleum gas (LPG), butane and propane.
Related Terms
OPEC+ JET FUEL DIESELWhat's included in this industry?
Automotive diesel and petrolJet fuelBiofuelCompanies
Shell plcTotalEnergies SEEni SpAIndustry Code
4661 - Wholesale of solid, liquid and gaseous fuels and related products in Europe
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Performance
Key Takeaways
The Russia-Ukraine conflict sparks substantial fuel price rises
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Fuel & Related Product Wholesaling in Europe industry (2011 -2029)
- Employees in the Fuel & Related Product Wholesaling in Europe industry (2011 -2029)
- Business in the Fuel & Related Product Wholesaling in Europe industry (2011 -2029)
- Profit in the Fuel & Related Product Wholesaling in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Fuel & Related Product Wholesaling in Europe industry?
Outlook
Analysis
What's driving the Fuel & Related Product Wholesaling in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Fuel & Related Product Wholesaling in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Fuel & Related Product Wholesaling in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Weak air passenger numbers hold back jet fuel sales. Demand for jet fuel remains below its pre-pandemic level as the cost-of-living crisis and rising environmental awareness dampen the number of flights.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Fuel & Related Product Wholesaling in Europe industry's products and services performing?
Analysis
What are innovations in the Fuel & Related Product Wholesaling in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Fuel & Related Product Wholesaling in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
A handful of players dominate at a regional level. Companies like Shell, BP and Total have substantial market share in their main markets due to their extensive distribution networks.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Shell plc
- Countries of operation for TotalEnergies SE
- Countries of operation for Eni SpA
- Countries of operation for BP plc
- Countries of operation for Compania Espanola de Petreleos SAU
- Countries of operation for PJSC Gazprom
- Countries of operation for DCC plc
- Countries of operation for PJSC Rosneft Oil Company
- Countries of operation for Marquard & Bahls AG
- Countries of operation for FinCo Fuel Group BV
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Fuel wholesalers must abide by stringent regulations. The supply of fuel creates a number of environmental and safety risks, meaning the industry is highly regulated.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Fuel & Related Product Wholesaling in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Achieving economies of scale proves key to keeping costs down. Large wholesaling operators can leverage their size to buy in bulk, helping to lower purchase costs.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Fuel & Related Product Wholesaling in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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