In 2023, the volume of refined products pipeline international transport delivered domestically in the US stood at 14.56 billion tonne kilometers. Forecasted data shows a steady growth trend from 2024 to 2028, with volumes rising from 14.89 to 16.23 billion tonne kilometers.
Year-on-year variations indicate a consistent increase, with the percentage growth ranging from around 2% to 2.1% annually. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 2.2%, highlighting a stable upward trajectory.
Future trends to watch for include:
- Advancements in pipeline technology enhancing efficiency and capacity.
- Regulatory changes impacting pipeline operations and environmental compliance.
- Fluctuations in refined product demand driven by consumer behavior and energy transition trends.