Key Market Indicators
Namibia’s gas turbine exports for 2021 totaled $55,990, down 30% from $80,000 in 2020. Since 2005, the country’s supply has decreased by 25.1% year-on-year. Egypt took the lead in 2021 at $55,990, while France, Singapore and Germany respectively came in second, third and fourth in the ranking. Gas turbine imports to Namibia are projected to reach $14.6 million by 2026, up 4.6% year-on-year CAGR from $11.1 million in 2021. Since 2005, demand in the country has increased by 29.3% year-on-year. Estonia was ahead in 2021 at $11.1 million, while the United Kingdom, France and Singapore ranked second, third and fourth respectively.
