The volume of oil pipeline transport in Italy recorded a slight decline from 2013 to 2015, with year-on-year decreases ranging from -0.42% to -4.68%. However, the market began to recover in 2016, experiencing an 8.29% growth. Following modest increases and a notable dip in 2020 due to potential external shocks, the volume showed significant recovery in 2021 with a 14.66% year-on-year growth. By 2023, the volume stood at 10.34 billion tonne-kilometers. The 5-year CAGR leading up to 2023 was 0.017%, signifying steady growth.
Looking forward, the forecasted data from 2024 to 2028 shows a gradual and consistent increase in the volume of oil transported via pipelines. The 5-year CAGR for the forecasted period is predicted at 0.15%, with an overall growth rate of 0.77%. This indicates a stable and slightly growing market.
Future trends to watch for include advancements in pipeline technology, regulatory changes, and shifts in energy policies favoring renewable sources, which could impact the demand for oil transportation. Additionally, geopolitical factors and market dynamics in the energy sector will continue to play significant roles in shaping this market.
