Key Market Indicators
Peru's gas turbine imports plummeted to approximately $32 million in 2023, marking a significant 17% decline from the $39 million recorded in 2022. This drop continues a long-term trend, with Peruvian demand decreasing by an average of 4.7% annually since 1997. On the export front, Peruvian gas turbine shipments are projected to fall dramatically to around $929,000 by 2028 from $2.2 million in 2023. This represents an annual compound decline of nearly 14%. The nation's supply of gas turbines has been shrinking by 6.1% per year since 1997. In 2023, Peru ranked 64th globally in gas turbine exports. Armenia outpaced Peru with exports valued at $2.2 million. Leading the global rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions respectively.
