Key Market Indicators
Guatemala's gas turbine export sector is projected to experience modest growth over the next five years. By 2028, the country's gas turbine exports are expected to reach approximately $444,000, up from around $410,000 in 2023. This represents an annual compound growth rate (CAGR) of 1.3%. Since 1998, the supply of gas turbines from Guatemala has consistently increased by 1.8% per year. On the import front, Guatemala is also showing steady, albeit slower, growth. The import of gas turbines is forecasted to rise to nearly $1.62 million by 2028, up from about $1.61 million in 2023. This reflects a slight year-on-year growth rate of 0.1%. Since 1998, the demand for gas turbines in Guatemala has seen a similar annual increase of 0.1%. These figures highlight a stable yet gradual upward trend in both the export and import markets for gas turbines in Guatemala, suggesting a steady demand and supply cycle in the coming years.
