Key Market Indicators
**Mongol Gas Turbine Export Expected to Hit $784,000 by 2028** Mongolia's gas turbine export market is projected to expand to approximately $784,000 by 2028, up from around $616,000 in 2023. This growth represents an average annual increase of 3.8%, according to recent data. Since 2018, the country's gas turbine supply has shown steady growth, rising by 2% annually. In 2023, Mongolia ranked 71st globally in gas turbine exports, with Azerbaijan slightly ahead at the same export value of $616,000. Leading the rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions, respectively. **Mongol Gas Turbine Import to Reach $1.14 Million by 2028** On the import side, Mongolia's gas turbine market is also set for growth. Imports are expected to reach about $1.14 million by 2028, rising from $1.06 million in 2023. This marks a compound annual growth rate (CAGR) of 1.2%. Since 2002, Mongolia has seen a consistent increase in gas turbine demand, growing at an annual rate of 2.3%.
