Key Market Indicators
Malta's gas turbine exports are projected to decline significantly over the next five years. By 2028, exports are expected to drop to approximately $4.5 million, down from around $6.6 million in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 6%. Since 1999, Malta's gas turbine exports have decreased by an average of 2.3% annually. In 2023, Malta ranked 56th in the world for gas turbine exports, with Bulgaria leading the way at the same $6.6 million mark. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively. In contrast, Malta's gas turbine imports are on an upward trajectory. By 2028, imports are anticipated to reach nearly $50.3 million, up from about $43.4 million in 2023. This marks an average annual growth rate of 2.3%. Since 1999, the demand for gas turbines in Malta has shown a modest average annual increase of 0.8%.
