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South Korea Oil and Gas Market Summary, Competitive Analysis and Forecast to 2027

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    Report

  • 48 Pages
  • June 2023
  • Region: South Korea
  • MarketLine
  • ID: 5864610
Oil & Gas in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). 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 hub price of crude oil. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the price of natural gas (Henry Hub spot price). The values represent the total revenues available to exploration and production companies from sales of crude oil and natural gas. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
  • The South Korean oil & gas market had total revenues of $287.7 billion in 2022, representing a compound annual growth rate (CAGR) of 6.8% between 2017 and 2022.
  • Market consumption volume increased with a CAGR of 1% between 2017 and 2022, reaching a total of 1.4 billion BoE in 2022.
  • The South Korean oil & gas market is driven by several macroeconomic factors, such as rising GDP coupled with increasing industrialization and rising inflation. For instance, the real GDP annual growth rate of South Korea in 2022 stood at 2.6%, according to in-house research.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in South Korea
  • 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 South Korea oil & gas market with five year forecasts

Reasons to Buy

  • What was the size of the South Korea oil & gas market by value in 2022?
  • What will be the size of the South Korea oil & gas market in 2027?
  • What factors are affecting the strength of competition in the South Korea oil & gas market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's oil & gas market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume 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 has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. S-Oil Corporation Inc
8.2. Korea Gas Corp
8.3. Chevron Corporation
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher
List of Tables
Table 1: South Korea oil & gas market value: $ million, 2017-22
Table 2: South Korea oil & gas market volume: million BoE, 2017-22
Table 3: South Korea oil & gas market category segmentation: % share, by value, 2017-2022
Table 4: South Korea oil & gas market category segmentation: $ million, 2017-2022
Table 5: South Korea oil & gas market geography segmentation: $ million, 2022
Table 6: South Korea oil & gas market value forecast: $ million, 2022-27
Table 7: South Korea oil & gas market volume forecast: million BoE, 2022-27
Table 8: S-Oil Corporation Inc: key facts
Table 9: S-Oil Corporation Inc: Annual Financial Ratios
Table 10: S-Oil Corporation Inc: Key Employees
Table 11: Korea Gas Corp: key facts
Table 12: Korea Gas Corp: Annual Financial Ratios
Table 13: Korea Gas Corp: Key Employees
Table 14: Chevron Corporation: key facts
Table 15: Chevron Corporation: Annual Financial Ratios
Table 16: Chevron Corporation: Key Employees
Table 17: Chevron Corporation: Key Employees Continued
Table 18: South Korea size of population (million), 2018-22
Table 19: South Korea gdp (constant 2005 prices, $ billion), 2018-22
Table 20: South Korea gdp (current prices, $ billion), 2018-22
Table 21: South Korea inflation, 2018-22
Table 22: South Korea consumer price index (absolute), 2018-22
Table 23: South Korea exchange rate, 2018-22
List of Figures
Figure 1: South Korea oil & gas market value: $ million, 2017-22
Figure 2: South Korea oil & gas market volume: million BoE, 2017-22
Figure 3: South Korea oil & gas market category segmentation: $ million, 2017-2022
Figure 4: South Korea oil & gas market geography segmentation: % share, by value, 2022
Figure 5: South Korea oil & gas market value forecast: $ million, 2022-27
Figure 6: South Korea oil & gas market volume forecast: million BoE, 2022-27
Figure 7: Forces driving competition in the oil & gas market in South Korea, 2022
Figure 8: Drivers of buyer power in the oil & gas market in South Korea, 2022
Figure 9: Drivers of supplier power in the oil & gas market in South Korea, 2022
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in South Korea, 2022
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in South Korea, 2022
Figure 12: Drivers of degree of rivalry in the oil & gas market in South Korea, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • S-Oil Corporation Inc
  • Korea Gas Corp
  • Chevron Corporation

Table Information