Key Market Indicators
Gas Turbine imports to Ecuador are forecast to decrease by 12.3% annually over the next five years, from $7.09 million in 2021 to $3.38 million in 2026. This follows a steady decline since 1996, with a 1.7% decrease year-on-year. In 2021, Ecuador placed 89th in the global ranking of importing countries, with Jordan surpassing it with $7.09 million. The United Kingdom, France, and Singapore placed second, third, and fourth, respectively. Exports of gas turbines from Ecuador also saw a sharp decrease in 2018, falling 82.1% compared to 2017 and reaching $223,640. Since 1997, Ecuadorian exports had dropped 27.6% year-on-year. The Bahamas placed first in the global ranking, with France, Singapore, and Germany following behind in second, third, and fourth place respectively.
