Key Market Indicators
Bosnia's gas turbine export market is projected to hit approximately $4.1 million by 2028, up from around $3.3 million in 2023. This growth represents an average annual increase of 3.5%. Impressively, since 2009, Bosnia's gas turbine supply has surged by 21.1% each year. In the global context, Bosnia ranked 62nd in gas turbine exports for 2023, with Argentina slightly ahead at roughly $3.3 million. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively. On the import side, Bosnia's gas turbine imports dropped sharply to about $61,000 in 2019 from approximately $105,000 in 2018, marking a 42.4% decrease year-on-year. The demand for gas turbines in Bosnia has been on a declining trend since 2008, falling by an average of 1.9% annually.
