Industry Statistics and Rankings
How does this industry perform in Italy compared to Europe?
Country Benchmarking
Industry Data Italy
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#8 In EuropeBusiness
#3 In EuropeEmployees
#5 In EuropeWages
#8 In EuropePetroleum refiners sell a variety of derivative products with wide usages across many different industries. Despite this strong level of diversification, refineries suffered greatly from global dips in demand for transport following the COVID-19 outbreak. Stay-at-home orders and closures of non-essential business in many European countries led to a sharp drop in demand for petrol, diesel and jet fuel as many car, ship and plane journeys came to a halt. Russia’s invasion of Ukraine led to many European countries announcing they would wean themselves off Russian oil, causing a substantial and sustained rise in oil prices. These strong oil prices paved the way for a significant rebound in revenue for petroleum refiners. Despite this, oil price inflation has raised the operating costs for many downstream businesses, leading to many cutting consumption and switching to renewable sources of energy, as shown by the rising uptake of electric vehicles in countries like Norway and the Netherlands. Over the five years through 2024, European petroleum refineries’ revenue is anticipated to slump at a compound annual rate of 7.2% to €620.3 billion, including a projected contraction of 23.1% in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Petroleum Refining in Italy
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
TotalEnergies SE | 197,782.3 | 22,183.8 | 11.2 | |
ExxonMobil Corporation | 249,983.2 | 17,917.1 | 7.2 | |
Shell plc | 341,122.0 | 37,075.0 | 10.9 |
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Top Questions Answered in this Report
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What is the market size of the Petroleum Refining industry in Italy in 2024?
The market size of the Petroleum Refining industry in Italy is €34.7bn in 2024.
How many businesses are there in the Petroleum Refining in Italy industry in 2024?
There are 260 businesses in the Petroleum Refining industry in Italy, which has grown at a CAGR of 0.1 % between 2019 and 2024.
Has the Petroleum Refining industry in Italy grown or declined over the past 5 years?
The market size of the Petroleum Refining industry in Italy has been declining at a CAGR of 8.5 % between 2019 and 2024.
What is the forecast growth of the Petroleum Refining industry in Italy over the next 5 years?
Over the next five years, the Petroleum Refining industry in Italy is expected to grow.
What are the biggest companies in the Petroleum Refining market in Italy?
The biggest companies operating in the Petroleum Refining market in Italy are TotalEnergies SE, ExxonMobil Corporation and Shell plc
What does the Petroleum Refining in Italy include?
Petrol and Diesel are part of the Petroleum Refining industry.
Which companies have the highest market share in the Petroleum Refining in Italy?
The company holding the most market share in Italy is TotalEnergies SE.
How competitive is the Petroleum Refining industry in Italy?
The level of competition is moderate and increasing in the Petroleum Refining industry in Italy.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Electric Utilities in Italy
Complementors
- Fuel & Related Product Wholesaling in Italy
Table of Contents
About this industry
Industry definition
Petroleum refining is the process of turning crude oil into more usable products such as petrol. The major oil refineries manufacture petrol, diesel, jet fuel, gas oil and petroleum gas. The refining process also leads to the production of byproducts such as naphtha, which can be used as a solvent. Companies in this industry also manufacture a range of petroleum-based products such as petroleum jelly, paraffin wax and white spirit.
Related Terms
Distillation DecarbonisingLiquified Petroleum GasWhat's included in this industry?
PetrolDieselJet fuelBiofuelsLPGCompanies
TotalEnergies SEExxonMobil CorporationShell plcIndustry Code
192 - Manufacture of refined petroleum products in Italy
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- 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
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Petroleum Refining in Italy industry?
Outlook
Analysis
What's driving the Petroleum Refining in Italy industry outlook?
Volatility
Analysis
What influences volatility in the Petroleum Refining in Italy industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Petroleum Refining in Italy industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Vehicle fuels face rising competition from low-carbon alternatives. Demand for diesel, particularly, is dropping as fleet operators and individuals increasingly switch to electric vehicles.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Petroleum Refining in Italy industry's products and services performing?
Analysis
What are innovations in the Petroleum Refining in Italy industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Petroleum Refining in Italy industry?
International Trade
Highlights
- Total Imports into Italy
- Total Exports into Italy
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)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The European petroleum refining industry is fairly concentrated. A handful of companies in each country dominate the refining scene, with acquisitions of smaller players common.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Petroleum Refining in Italy located?
Companies
Data Tables
Top 5 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Refineries operate under a complex web of regulations. The regulatory scene is intense, with refineries forced to comply with emission limits, fuel quality standards and waste and water treatment.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Petroleum Refining in Italy industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability is insulated by passing on cost increases. Refineries can protect their margin by passing on crude oil price rises to their customers due to the limited number of alternatives.
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 Petroleum Refining in Italy 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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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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