The volume of oil pipeline national transport in Denmark has experienced fluctuations from 2013 to 2023. The actual volume stood at 5.53 Million Metric Tons in 2023. Observing the variations, 2014 saw a decline of 12.04%, continuing with declines in 2015 and 2016 by 6.27% and 10.26% respectively. However, 2017 rebounded with a significant increase of 14.27%, only to decline again in 2018 by 10.92%. The trend continued with a marginal decrease in 2019 and a stark drop in 2020 by 18.83%. Recovery was noted in 2021 with an increase of 11.92% and a slight rise of 2.95% in 2022, followed by a decrease of 2.23% in 2023.
When analyzing trends over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) shows a decline of 1.83%. Looking ahead from 2024 to 2028, a projected CAGR of -1.99% suggests a continued decrease. The forecast indicates a gradual reduction in volume, expecting the transport volume to decrease to 4.86 Million Metric Tons by 2028, reflecting a 9.56% total decrease over these five years.
- Future trends to watch for include advancements in renewable energy adoption, policy changes impacting fossil fuel reliance, and technological improvements in pipeline efficiency.
