The volume of crude oil pipeline transport in Denmark has shown a notable decline over the past decade, from 8.05 million metric tons in 2013 to 5.53 million metric tons in 2023. The year-on-year variation for 2023 was -2.23%, reflecting a slight decrease compared to 2022's volume. Over the last two years, the volume has slightly increased by 2.95% in 2022, only to decrease again in 2023. The Compound Annual Growth Rate (CAGR) over the last five years reveals a declining trend at an average rate of -1.83% per year.
Future projections indicate a continued decrease in crude oil pipeline transport volumes, with a forecasted volume of 4.86 million metric tons by 2028. The anticipated five-year CAGR to 2028 stands at -1.99%, suggesting an average annual decline. The expected total reduction over this period is approximately -9.56%.
Future trends to watch for include potential influences from environmental policies, advancements in alternative energy sources, and technological improvements in transport efficiency. These factors could significantly impact the volume of crude oil transported via pipelines in Denmark, possibly accelerating the declining trend.
