The volume of refined products pipeline transport in the US has shown significant fluctuations from 2013 to 2023. The period witnessed strong growth in 2013 and 2014, followed by a modest decline in 2015. A substantial drop occurred in 2016, but the market rebounded in 2017 with a 12.33% increase. A slight decrease in 2018 was seen, and stability characterized 2019. The most notable downturn was in 2020, with a 17.01% decrease due to external market conditions. The subsequent years saw recovery, with notable growth in 2021 and stabilization from 2022 to 2023.
By 2024, the market is seen slightly declining versus 2023 and expected to stabilize at around 584 million metric tons from 2025 to 2028. The five-year CAGR from 2023 is forecasted at 0.01% indicating a stable outlook with marginal growth.
Future trends to watch for include potential disruptions caused by regulatory changes, shifts in domestic production capacities, technological advancements in pipeline infrastructure, and the overall economic climate influencing demand for refined products.
