The pipeline transport volume in China stood at 623.77 Billion Tonne Kilometers in 2023. Over the past decade, the growth has been relatively uneven, with notable fluctuations such as a significant drop in 2016 and again in 2020, while there were periods of robust growth such as in 2014 and 2021. The most recent year-on-year change from 2022 to 2023 indicated a growth of 3.48%, while the Compound Annual Growth Rate (CAGR) over the last five years was 3.31%.
Going forward, the forecasted data suggests a moderate but consistent increase, with the pipeline transport volume expected to reach 734.08 Billion Tonne Kilometers by 2028, representing a forecasted five-year CAGR of 2.54%. Future trends to watch include the impact of new infrastructure projects, technological advancements in pipeline management, and shifts in energy policies and demand.
