Key Market Indicators
Costa Rica's gas turbine export market is projected to decline, reaching approximately $175,000 by 2028 from around $199,000 in 2023. This marks an average annual decrease of 2.1%. Since 2002, the country's gas turbine supply has seen a yearly reduction of 1.5%. In the global ranking for 2023, Costa Rica stood at the 77th position, with Uganda surpassing it at nearly $200,000. France, Singapore, and Germany secured the top three spots respectively. On the import front, Costa Rica's gas turbine market is expected to drop significantly. Imports are forecast to decrease to roughly $347,000 by 2028 from about $918,000 in 2023, reflecting a compound annual growth rate (CAGR) decline of 15.4%. Historically, since 1999, the country's demand for gas turbines has decreased by 5.3% annually.
