Key Market Indicators
Portugal's gas turbine exports are projected to decline to approximately $14.2 million by 2028, down from around $14.6 million in 2023. This represents an annual decrease of 0.5%. Since 1993, the country's gas turbine supply has been shrinking by an average of 2.6% per year. In 2023, Portugal ranked 52nd globally in gas turbine exports, with Greece slightly ahead at the same $14.6 million mark. France, Singapore, and Germany held the second, third, and fourth positions, respectively. Conversely, Portugal's gas turbine imports are expected to surge to about $589.8 million by 2028, up from $486.4 million in 2023. This marks an average annual growth rate of 3%. Portuguese demand for gas turbines has been on the rise since 1993, increasing by approximately 1.9% each year.
