The volume of oil pipeline transport in Denmark has shown a declining trend from 2013 to 2023. In 2023, the volume stood at 1.82 billion tonne-kilometers. The year-on-year variation has oscillated significantly, with notable declines in 2014, 2015, and 2020, and slight recoveries in 2017 and 2021. Over the last two years, the transport volume showed a slight decrease of 2.2% in 2023 following a minor increase of 2.94% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years indicates an average yearly decline of 1.83%.
Bullet points:
- 2014: -12.04% year-on-year
- 2015: -6.29% year-on-year
- 2016: -10.27% year-on-year
- 2017: 14.3% year-on-year
- 2018: -10.95% year-on-year, -5.52% CAGR
- 2019: -0.25% year-on-year, -3.11% CAGR
- 2020: -18.87% year-on-year, -5.87% CAGR
- 2021: 11.93% year-on-year, -1.61% CAGR
- 2022: 2.94% year-on-year, -3.65% CAGR
- 2023: -2.2% year-on-year, -1.83% CAGR
- 2028: Forecast 5-year CAGR of -1.99%, forecast 5-year growth rate of -9.58%
Future trends to watch for include technological advancements in pipeline infrastructure and shifts towards renewable energy, which may further depress the demand for oil pipeline transport. Additionally, geopolitical factors and changes in international oil prices could also impact the volume of oil transported through pipelines in Denmark.
