2014-02-07 05:05:02 - Extraction of Crude Petroleum and Natural Gas in Australia: ISIC 11 - a new market research report on companiesandmarkets.com
After seeing 14% annual growth over 2000-2010, the Australian industry of extraction of crude petroleum and natural gas is well positioned for high growth to continue, as increasing demand can be matched by rising production from new exploration sites.
The Australian crude petroleum and natural gas market was valued at A$55.7 billion in 2010, after a net 271% increase over 2000-2010. Market growth was especially notable in the second half of the decade, with double-digit year-on-year growth figures each year; the only exception was 2009 when the market saw a 31% decline due to a sharp drop in crude petroleum prices. Businesses represent the largest customer group for the industry, accounting on average for a 92% value share throughout the decade.
industries for the products include minerals´ processing, transportation, food, chemical and paper. Households follow with a 4% value share, and a further 3% of the buyers market is accounted for by capital demand.
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