Key Market Indicators
Bulgarian gas turbine exports are projected to reach approximately $7.7 million by 2028, up from about $7.6 million in 2023. This represents a modest annual growth rate of 0.2%. However, since 2001, the country's gas turbine supply has seen a yearly decline of 3%. In 2023, Bulgaria ranked 55th globally for gas turbine exports, with Bolivia surpassing it with an export value of around $7.6 million. France, Singapore, and Germany held the second, third, and fourth positions, respectively. On the import side, Bulgaria's gas turbine imports are expected to climb to roughly $38.4 million by 2028, increasing from approximately $32.7 million in 2023. This reflects an average annual growth rate of 2.6%. Since 2001, Bulgarian demand for gas turbines has been on the rise, showing an annual increase of 5.4%.
