The volume of oil pipeline international transport delivered domestically in the US has shown significant fluctuations over recent years. In 2023, the volume stood at 61.81 Billion Tonne Kilometers. This represents a 4.42% increase compared to 2022, marking a continued upward trend from the previous year. Analyzing the data from 2013 to 2023, there are notable spikes in 2016 and a sharp decline in 2017, highlighting volatility in this sector. The five-year CAGR leading to 2023 is 5.1%, indicating a moderate average annual growth rate.
Looking ahead, forecasted data suggests a steady growth trajectory, with a projected volume of 75.31 Billion Tonne Kilometers by 2028. The forecasted five-year CAGR is 3.15%, with an overall growth rate of 16.79% from 2024 to 2028.
Future trends to watch for include potential impacts of regulatory changes, advancements in pipeline technology, shifts in international oil trade dynamics, and the influence of environmental policies. These factors could either bolster or hinder the projected growth in oil pipeline international transport volumes.
