Forecast: Volume of Oil Pipeline Transport in Turkey

From 2013 to 2023, the volume of oil pipeline transport in Turkey has experienced significant fluctuations. Starting at 20.67 million metric tons in 2013, it saw a significant dip in 2014 before sharply increasing in 2015. The highest value recorded was in 2017 at 36 million metric tons. Post-2017, there was a notable decline in 2018 and 2020, but the volume showed gradual recovery thereafter, standing at 32.09 million metric tons in 2023.

Year-on-year variations:

  • 2022: +6.13%
  • 2023: +0.8%

The Compound Annual Growth Rate (CAGR) over the last five years is 2.57%.

Forecasts from 2024 to 2028 indicate a steady but modest growth with a forecasted five-year CAGR of 0.65% and an overall growth rate of 3.3%.

Future trends to watch for:

  • Potential impacts of geopolitical tensions on pipeline capacities and operations.
  • Advancements in alternative energy sources and their adoption rates, influencing the demand for oil.
  • Environmental policies and regulations that could affect oil transport volumes.

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