The forecasted volume of oil pipeline national transport in Canada shows a gradual decline from 77.136 billion metric tons in 2024 to 73.694 billion metric tons by 2028. In 2023, the actual volume of oil transported nationally was marginally higher at 78.0 billion metric tons. On a year-on-year basis, the volume is expected to decrease by approximately 1.15% in 2025, 1.14% in 2026, 1.13% in 2027, and 1.12% in 2028. The compound annual growth rate (CAGR) over the forecasted five years indicates a consistent average annual decline of around 1.14%.
Future trends to watch for include potential policy changes related to environmental regulations, technological advancements in pipeline efficiency, and shifts in global oil demand that could influence the oil transport volume. Additionally, significant investments in alternative energy sources could further impact this declining trend.
