Key Market Indicators
Belarus's gas turbine import market is projected to reach approximately $61 million by 2028, up from around $54 million in 2023. This marks an average annual growth rate of 1.9%. The country's demand for gas turbines has seen a steady increase of 3.1% annually since 2003. On the export front, Belarus's gas turbine market is expected to decline to about $1.4 million by 2028, down from roughly $1.7 million in 2023. This represents an average annual decrease of 3.1%. Despite this decline, the country's supply has grown by 1.4% per year since 2003. In 2023, Belarus ranked 68th in gas turbine exports, with Kuwait slightly ahead at $1.7 million. Leading the global rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions respectively.
