Key Market Indicators
Macedonia's gas turbine export market is projected to reach approximately $872 by 2028, up from $795 in 2023. This represents an annual growth rate of 1.5%, according to recent data. Since 2006, Macedonia's gas turbine supply has increased by about 5.6% each year. The country ranked 81st globally in 2023, with Belize edging out Macedonia with exports valued at $795. France, Singapore, and Germany were the leading countries, ranking second, third, and fourth respectively. On the import side, Macedonia's gas turbine market is expected to decline to around $47,720 by 2028, down from $50,670 in 2023. This signifies an average annual decrease of 1%. Since 1999, the country's demand for gas turbines has been decreasing at an average rate of 4.5% per year.
