Key Market Indicators
Kazakhstan's gas turbine export market is projected to decline, reaching approximately $4.3 million by 2028, down from around $6.3 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 6.2%. Since 2006, the country's gas turbine supply has been on a downward trajectory, with an annual decline of 5.1%. In 2023, Kazakhstan's ranking in the global gas turbine export market slipped to 57th place, overtaken by Malta, which recorded exports of around $6.3 million. Leading the rankings are France, Singapore, and Germany, occupying the second, third, and fourth spots, respectively. On the import front, Kazakhstan's gas turbine market is also expected to shrink. Projections indicate imports will fall to approximately $81.7 million by 2028, down from about $89.8 million in 2023. This marks an average annual decrease of 1.5%. Since 2006, the demand for gas turbines in Kazakhstan has been steadily decreasing at a rate of 1.6% per year.
