The volume of oil pipeline international transport delivered domestically in Canada has seen significant fluctuations over the last decade. Starting at 80.064 billion metric tons in 2013, it reached 126.27 billion metric tons in 2023. The year-on-year variations have showcased both robust growth and sharp declines, such as the 21.36% increase in 2016 and the 14.55% decrease in 2020. The most recent data show a modest increase of 2.56% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 stands at 2.57%.
Looking ahead from 2024 to 2028, forecasts project a steady compound annual growth rate of 1.95%, culminating in a 10.12% growth over the five-year span. It's crucial to monitor potential disruptions in global oil markets, regulatory changes, and advancements in pipeline technology which could impact these forecasts.
