Key Market Indicators
Argentina's gas turbine export market is projected to drop significantly, reaching approximately $520,000 by 2028 from around $3.6 million in 2023. This decline represents an annual decrease of 29.6%. Since 1998, the country's supply has consistently fallen by 2% annually. In the global ranking for 2023, Argentina was positioned at 61st, with Kyrgyzstan ahead at the same value of $3.6 million. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively. In contrast, Argentina's gas turbine import market is on an upward trajectory. It is expected to grow to about $355 million by 2028, up from approximately $318 million in 2023, marking an average annual increase of 1.8%. This growth trend has been consistent since 1998, with an annual rise of 1% in demand.
