Between 2013 and 2023, the production in the Land Transport and Transport Via Pipelines Sector in Portugal showed a general upward trend, increasing from €6.05 billion to €8.76 billion. The sector experienced fluctuations, notably in 2020, where it faced an 11.89% drop likely due to the impacts of the COVID-19 pandemic. However, it rebounded quickly with a 10.22% increase in 2021 and has continued to grow, although at a slightly reduced rate of 4.96% in 2023. Over the last five years, the compound annual growth rate (CAGR) was approximately 2.92%.
Future trends to watch for:
- A shift towards sustainable and green transport solutions.
- Integration of advanced technologies for more efficient logistics and pipeline monitoring.
- Potential regulatory changes aimed at reducing carbon emissions.
- Impact of global oil prices on the pipeline transportation segment.
- Further recovery and growth following pandemic-related disruptions.