$48.4bn
$X.Xbn
39,879
3,752
$X.Xbn
Businesses in the Fuel Retailing industry have contended with volatile operating conditions. Global oil prices fluctuations and travel restrictions throughout the COVID-19 pandemic have severely hit the industry. Global crude oil prices rose swiftly over the two years through 2018-19, boosting domestic fuel prices and driving revenue growth. A global oversupply of oil, compounded by sharply deteriorating demand due to COVID-19 in 2019-20, reduced oil prices over the second half of that year. This trend filtered downstream through lower retail fuel prices, sharply reducing industry revenue in the same year. Ongoing lockdowns further constrained industry performance in 2020-21, with demand reviving over the three years through 2023-24. The Russia-Ukraine conflict has caused a global crude oil supply deficit, heightening oil prices and boosting industry revenue. Revenue is expected to inch downwards an annualised 0.3% per year over the five years through 2023-24, to $48.4 billion. This trend includes a projected hike of 1.0% in the current year, partly levelling after soaring retail fuel prices.
Industry revenue has declined at a CAGR of 0.3 % over the past five years, to reach an estimated $48.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Ampol | 8,523.0 | |
EG | 5,260.0 | |
Viva Energy Group Limited | 4,550.0 |
To view the market share and analysis for all 7 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Petrol, Diesel and Other fuel products. Petrol is the largest segment of the Fuel Retailing in Australia.
Rising retail petrol prices have encouraged customers to switch to alternative transport, slashing petrol revenue
Industry firms mainly retail automotive fuel or lubricating oils, typically at a service station. Participants also retail convenience store goods and provide services such as car washing as a supplement to fuel sales.
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ANZSIC 4000 - Fuel Retailing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Skyrocketing retail fuel prices have driven revenue growth. Global events continue to weigh on the retail prices for petrol and diesel, causing significant volatility in the ...
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Demand for petrol has declined due to fluctuating fuel prices and shifting consumer preferences towards diesel or electric alternatives. Many consumers choose alternative met...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The distribution of petrol stations in Australia follows the population distribution. New South Wales, Victoria and Queensland account for the majority of locations due to th...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price and location mostly determine where drivers buy petrol. Most consumers see petrol as an undifferentiated product and buy on price. There is essentially no brand loyalty...
Learn about the performance of the top companies in the industry.
The major players are boosting their convenience offers. Larger fuel retailers are renovating their storefronts and selling ready-made meals to entice customers and sell high...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Domestic and inbound foreign tourists are expected to push up demand for petrol. Fuel demand is expected to climb as foreign visitors resume.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins are increasing. A shift towards higher margin, non-fuel product sales like food, drinks, confectionery and tobacco are pushing up profitability.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Fuel Retailing industry in Australia is $48.4bn in 2024.
There are 3,752 businesses in the Fuel Retailing industry in Australia, which has declined at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Fuel Retailing industry in Australia has been declining at a CAGR of 0.3 % between 2019 and 2024.
Over the next five years, the Fuel Retailing industry in Australia is expected to grow.
The biggest companies operating in the Fuel Retailing market in Australia are Ampol, EG and Viva Energy Group Limited
Diesel and Petrol are part of the Fuel Retailing industry.
The company holding the most market share in Australia is Ampol.
The level of competition is high and steady in the Fuel Retailing industry in Australia.