Key Market Indicators
Panama has experienced a significant reduction in its supply levels since 2012, with a year-on-year decline of approximately 20%. In a striking contrast, the country's gas turbine imports saw an unprecedented surge in 2016. The import value skyrocketed to nearly $285,500, a staggering increase of over 3,000% compared to the mere $9,100 recorded in 2015. However, this spike in imports comes amidst a broader trend of diminishing demand. Since 2000, Panama's overall demand has decreased by roughly 30% each year.
