Key Market Indicators
Colombian Gas Turbine Imports are projected to decline significantly over the next five years. By 2028, imports are expected to reach approximately $44 million, down from about $62 million in 2023. This represents an average annual decrease of 5.5%. Historical data show that since 1996, Colombian demand for gas turbines has fallen by nearly 2% each year. In contrast, Colombian Gas Turbine Exports are on an upward trajectory. By 2028, exports are forecasted to reach around $20 million, up from nearly $18 million in 2023. This marks an average annual growth rate of 1.4%. Historically, since 1996, Colombian supply has increased by over 10% each year. As of 2023, Colombia ranked 48th in gas turbine exports, with Lithuania surpassing it at approximately $18 million. Leading the global rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions, respectively.
