The volume of crude oil pipeline transport in Spain fluctuated over the past decade, peaking at 5.25 million metric tons in 2015 and dropping significantly to 4.28 million metric tons in 2020 due to the pandemic's impact. By 2023, this volume stood at 5.14 million metric tons, seeing a slight decline year-on-year from 2022.
Notably, 2021 saw a robust recovery with a 14.35% increase after the sharp 17.1% drop in 2020. While there was a modest rise in 2022, 2023 marked a minor decline of 0.097%. The average annual variation over the last five years (CAGR) indicates a very slight decline of -0.085% per year.
Forecasts from 2024 to 2028 project a steady yet marginal decline, with a 5-year CAGR of -0.07%, suggesting minimal growth in crude oil pipeline transport volume. By 2028, the volume is expected to stabilize around 5.1 million metric tons.
Future trends to watch for include potential shifts in energy policies, advancements in renewable energy sources, and geopolitical developments that could impact crude oil demand and transportation logistics in Spain.
