Key Market Indicators
Salvadoran Gas Turbine Exports Set for Sharp Decline San Salvador, El Salvador - Salvadoran gas turbine exports are projected to decrease significantly, from approximately $94,000 in 2023 to just $5,500 by 2028. This marks a dramatic annual decline of 40.7% in compound annual growth rate (CAGR). Historically, the nation's gas turbine supply has been on a downward trend, falling by an average of 19.5% per year since 2002. In 2023, El Salvador ranked 78th globally in gas turbine exports, with Costa Rica narrowly ahead at the same export value. Leading the rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions respectively. On the import front, El Salvador's gas turbine imports stood at nearly $220,500 in 2023, a sharp decline from about $371,000 in 2022, reflecting a year-on-year decrease of 40.6%. Since 1999, the demand for gas turbines in the country has decreased at an annual rate of 7.6%. This downward trend in both export and import figures highlights the ongoing challenges within El Salvador's gas turbine market.
