Key Market Indicators
Lithuanian gas turbine exports are projected to climb to approximately $21.7 million by 2028, up from around $19.4 million in 2023. This represents a compound annual growth rate (CAGR) of 1.8%. Since 1999, the country's supply has increased by an average of 5.7% per year. In 2023, Lithuania ranked 47th in global gas turbine exports, with Bahrain surpassing it at the same $19.4 million mark. Leading the global ranking were France, Singapore, and Germany, occupying the second, third, and fourth positions respectively. On the import front, Lithuania's gas turbine imports are forecasted to rise to roughly $41.3 million by 2028, from about $38.1 million in 2023, growing at an average annual rate of 1.3%. Since 1999, Lithuanian demand for gas turbines has surged by 6.9% per year.
