Key Market Indicators
Senegal's gas turbine imports are projected to climb to approximately $1.86 million by 2028, up from around $1.71 million in 2023. This growth represents an average annual increase of 1.3%. However, it's important to note that since 2001, the country's demand for gas turbines has decreased by an average of 1.5% each year. On the export side, Senegal is expected to see a significant decline. Gas turbine exports are forecasted to drop to roughly $103,000 by 2028, down from about $258,000 in 2023. This translates to an annual decrease of 14.5% in compound annual growth rate (CAGR). Since 2003, Senegal's supply of gas turbines has been declining at an average rate of 10.1% per year. In 2023, Senegal ranked 75th in gas turbine exports, with Moldova surpassing it at $258,000. The top three countries in this ranking were France, Singapore, and Germany.
