The volume of oil pipeline transport in the US showed significant fluctuations from 2013 to 2023. The value in 2023 stood at 572.02 billion tonne-kilometers. The industry experienced considerable growth in the early years, peaking in 2016 with a 9.84% year-on-year increase. However, there were notable declines, particularly a 15.32% drop in 2020 due to various market and global factors. Despite this, the sector rebounded and showed positive growth in the subsequent years. The year 2023 witnessed a modest 1.8% increase, reflecting a stabilization in the market.

Future trends to watch for include:

Continued recovery and moderate growth with a forecasted 5-year CAGR of 1.41%.
Technological advancements in pipeline infrastructure that could enhance efficiency.
Geopolitical and economic factors influencing oil supply and demand dynamics.
Shifts towards renewable energy sources potentially impacting long-term oil transport volumes.