Key Market Indicators
Jamaica's gas turbine imports are projected to climb to approximately $9.4 million by 2028, up from around $8.5 million in 2023. This growth represents an average annual increase of 1.6%. Since 1996, the country's demand for gas turbines has risen by an average of 2.2% per year, indicating a steady upward trend. On the export front, Jamaica's gas turbine exports experienced a significant decline in 2017, dropping to roughly $157,000 from nearly $401,000 in 2016. This represents a sharp 60.8% decrease compared to the previous year. Despite this downturn, the longer-term trend shows a notable increase in exports. Since 2005, Jamaica's gas turbine supply has surged by an impressive 63.3% per year on average.
