The freight traffic of petroleum and gas pipelines in China has shown notable variability from 2013 to 2023. In 2023, the volume reached 100.11 million metric tons. Initially, from 2013 to 2015, there was a steady increase followed by minor fluctuations, with a significant drop in 2020 due to external factors such as the global pandemic. However, the trend recovered, showing a major increase in 2022 and continuing this upward trajectory into 2023.
Year-on-year variation shows high growth rates at certain points, such as in 2022 with a 13.8% increase and a sustained climb into 2023. Over the last five years, the compound annual growth rate (CAGR) averaged around 2.2%, indicating a return to steadier growth after the fluctuations of the previous decade. Forecasts from 2024 to 2028 suggest a continued annual growth rate of approximately 2.95%, translating to an overall growth rate of 15.62% over the five-year period.
Future trends to watch for include further infrastructure investments that may boost capacity, shifts in global energy demands, and potential regulatory changes in environmental policies impacting pipeline operations. Additionally, technological advancements in pipeline monitoring and maintenance could enhance efficiency and safety, contributing to sustained growth in freight traffic volumes.
