The oil products pipeline freight traffic in Portugal shows a dynamic pattern over the last decade. Starting at 350.12 million tonne-kilometers in 2013, there was steady growth until 2019, followed by a significant dip in 2020 to 309.0 million tonne-kilometers due to the COVID-19 pandemic. Recovery is observable starting in 2021, with robust growth in 2022 and 2023, reaching 484.63 million tonne-kilometers in 2023. Year-on-year variation over the last two years indicates growth rates of 31.81% in 2022 and 10.52% in 2023. Over the past five years, the compound annual growth rate (CAGR) stood at 1.94%.
Future trends to watch for include:
• Expected steady growth with a forecasted 5-year CAGR of 2.45% until 2028, showing confidence in continuous recovery and expansion.
• Increasing investments in infrastructure to boost capacity and efficiency.
• Potential shifts due to technological advancements and regulatory changes influencing operational dynamics and environmental policies.
