The volume of oil pipeline national transport in Spain stood at 10.48 Billion Tonne Kilometers in 2023. Over the past two years, the year-on-year variation was 6.32% in 2022 and 0.98% in 2023. Looking at the compound annual growth rate (CAGR) of the last five years, the average annual growth has been recorded as 1.04%. Notably, the volume experienced significant variances, ranging from a decline of 16.11% in 2020 to a surge of 15.65% in 2021, amid global disruptions.

Future trends to watch for include:

Sustainable growth with an anticipated 5-year CAGR of 0.79%, resulting in a forecasted volume of 10.98 Billion Tonne Kilometers by 2028.
Potential impacts of energy transition policies on oil transport demand.
Technological advancements in pipeline efficiency and safety.
Geopolitical shifts influencing global oil supply chains.