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.