The volume of crude oil transported via pipelines in Spain has seen fluctuations over the years, peaking in 2015 with a mild increase again in 2017. Notably, the volume in 2020 dropped significantly due to global disruptions but recovered somewhat by 2023, when it stood at 5.14 million metric tons. The year-on-year variations indicate a decrease of 0.097% from 2022 to 2023, with the last five-year CAGR demonstrating an almost steady trend at -0.085%. Forecasts for the forthcoming years suggest a continued slight decline, with the five-year CAGR expected to be -0.07% by 2028.
Future trends to watch for include potential impacts from energy policy shifts, advancements in alternative energy sources, and changes in global oil demand and supply dynamics. These factors could further influence the volume of crude oil transported via pipelines in Spain.
