The volume of crude oil transported via national pipelines in Denmark saw a significant decrease from 2013 to 2020. This period was characterized by a combination of annual declines, apart from a notable rebound in 2017. Over the past two years, the trend has shown slight fluctuations with minor recovery and subsequent stabilization; 2021 witnessed an 11.92% increase while 2022 had a 2.95% rise. However, the volume in 2023 experienced a slight drop of 2.23%, standing at 5.53 million metric tons.
Forecasts indicate a gradual decline in crude oil pipeline transport volume, projected to decrease to 4.86 million metric tons by 2028. The average annual decline rate (CAGR) over the next five years is expected to be approximately -1.99%.
Future trends to watch for include potential shifts in energy policies, investment in alternative energy sources, and technological advancements in transportation efficiency which may impact the volume of crude oil transported via pipelines. Additionally, geopolitical developments and global market dynamics will play a crucial role in shaping future projections.
