The freight ton-kilometers of petroleum and gas pipelines in China experienced consistent growth from 2013 to 2023, standing at 5.78 hundred billion tonne kilometers in 2023. The year-on-year variation shows fluctuating growth rates, with notable increases such as 23.81% in 2014 and a dip of -10.06% in 2016. Over the last two years (2022 and 2023), the growth rates were relatively modest at 3.36% and 3.2%, respectively. The compound annual growth rate (CAGR) over the last five years ending in 2023 stood at 1.75%, indicating steady but moderate growth.
Looking forward, the forecast data suggests a continued upward trend with a forecasted 5-year CAGR of 2.17% and an overall growth rate of 11.34% by 2028, reaching 6.63 hundred billion tonne kilometers. This indicates an anticipation of sustained demand and expansion in freight ton-kilometers of petroleum and gas pipelines in the medium term.
Future trends to watch for include the impact of technological advancements in pipeline management, shifts in regulatory policies, environmental considerations, and China's broader energy transition strategies. Monitoring these factors will be crucial for anticipating changes in the growth trajectory of the petroleum and gas pipeline freight sector.
