Key Market Indicators
Export of Filipino gas turbines is forecast to reach $5.5 million by 2026, down 2.7% from $6.4 million in 2021. Since 2001, the country's supply has decreased by 0.5% each year. In 2021, Bulgaria outranked the Philippines, which came in at number 63, with $6.4 million. France, Singapore and Germany followed, respectively. Imports of Filipino gas turbines are projected to reach $42 million by 2026, a drop of 1.4% from $45.7 million in 2021. Since 2001, the country's demand has decreased by 10.3% annually. Peru was number 69 in 2021, ahead of the Philippines at $45.7 million. The United Kingdom, France and Singapore came in at numbers two, three and four, respectively.
