Key Market Indicators
Zambian gas turbine imports are projected to decline significantly over the next five years. By 2028, imports are expected to reach approximately $630,000, down from around $1 million in 2023. This represents an average annual decrease of 7.9%. The decline comes after a period of growth in demand, which had been rising at an average annual rate of 9.2% since 2000. On the export front, Zambia's gas turbine exports are also expected to see a downturn. By 2028, exports are forecasted to drop to about $78,000, from approximately $87,000 in 2023. This marks an annual compound growth rate (CAGR) decrease of 1.7%. Despite the recent decline, Zambia's supply had been growing at an average annual rate of 1.4% since 2000. In 2023, Zambia ranked 79th in gas turbine exports, with El Salvador surpassing it by reaching the same export value of $87,000. The leading countries in this sector were France, Singapore, and Germany, ranking second, third, and fourth respectively.
