The volume of oil pipeline national transport in Italy showed fluctuations from 2014 to 2023. After starting at 113.5 million metric tons in 2014, there was a slight decline in 2015 followed by a series of modest increases, positioning the value at 115.95 million metric tons in 2023. Notably, 2020 experienced a significant drop of 16.86% due to external factors, likely due to the pandemic. Recovery was swift with a 14.65% rise in 2021, continuing a gradual increase to 2023.
The year-on-year variation for 2023 is minimal at 0.16%, indicating stabilization. The Compound Annual Growth Rate (CAGR) over the last five years is a modest 0.046%, reflecting a steady yet slow growth trajectory. Forecast data from 2024 indicates a continued slight upward trend, with a forecasted 5-year CAGR of 0.14% and an overall growth rate of 0.71% by 2028, reaching 116.57 million metric tons.
Future trends to watch include potential shifts in demand due to technological advancements, policy changes towards sustainable energy, and global economic factors affecting oil consumption and transportation.
