The value added of land transport and transport via pipelines in Australia has demonstrated a steady growth trajectory. From 2013 to 2023, there has been a clear upward trend, standing at 45.54 Billion Australian Dollars in 2023. Year-on-year variations display consistent positive growth, especially from 2018 onwards, indicating robust development in the sector. Over the last two years, the sector grew by approximately 5.7% annually, while the 5-year compound annual growth rate (CAGR) averaged at 6.39%, reflecting robust and sustained expansion.
Looking ahead, the forecast from 2024 to 2028 indicates a steady growth path, with a projected 5-year CAGR of 3.67% and an anticipated overall growth rate of 19.77%. This suggests a continuing positive outlook for the sector, albeit at a slightly moderated pace compared to the previous periods.
Future trends to watch for include advancements in pipeline technology, increased investment in infrastructure, and the impact of environmental regulations on transport operations. Continued urbanization and population growth are expected to drive demand, alongside technological innovations such as autonomous and electric transport systems.
