The volume of oil pipeline transport in Spain has demonstrated variability over the past decade, with actual values standing at 33.88 million metric tons in 2023. A notable decline of 16.08% was observed in 2020, followed by recovery phases. From 2021 to 2023, year-on-year growth rates were 15.69%, 6.36%, and 1.01%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years is 1.11%, indicating modest growth.

Future trends to watch for:

The forecasted growth rate over the next five years is estimated at 4.16%, with a CAGR of 0.82%.
Monitoring the global oil market and geopolitical factors that could impact supply chains.
Infrastructure developments and advancements in pipeline technology might influence volumes.