Key Market Indicators
In 2023, Nicaragua imported gas turbines worth approximately $230,000, marking a 19% decrease from the $280,000 recorded in 2022. This decline continues a long-term trend observed since 1998, with Nicaraguan demand for gas turbines decreasing by an average of 10% annually. On the export front, Nicaragua's gas turbine shipments plummeted to around $4,000 in 2018, a dramatic 94% drop from the $62,000 exported in 2017. This steep decline is part of a broader pattern, as the country's gas turbine supply has fallen by nearly 63% each year since 2005.
