Key Market Indicators
Bolivia's gas turbine imports are projected to hit nearly $390 million by 2028, rising from approximately $308 million in 2023. This marks an average annual growth rate of 3.7%. Since 1997, the country's demand for gas turbines has consistently increased by 1.5% each year. On the export front, Bolivia is expected to reach around $12.7 million by 2028, up from $11.4 million in 2023. This represents a compound annual growth rate (CAGR) of 1.8%. Since 1999, Bolivian gas turbine supply has surged by 12.1% annually. In terms of global rankings, Bolivia was positioned at number 54 in 2023, with New Zealand surpassing it with exports valued at $11.4 million. Leading this category were France, Singapore, and Germany, occupying the second, third, and fourth spots respectively.
