Key Market Indicators
Serbian gas turbine imports are projected to rise to approximately $67 million by 2028, up from about $53 million in 2023. This represents an average annual growth rate of 3.6%. Since 2010, the country's demand for gas turbines has increased at an average rate of 4.1% per year. On the export front, Serbian gas turbine exports are expected to reach nearly $48 million by 2028, up from around $37 million in 2023, with an average annual growth rate of 3.8%. Since 2010, the supply of Serbian gas turbines has increased by 1% per year. In 2023, Serbia was ranked 43rd in the world for gas turbine exports, overtaken by Luxembourg, which also posted exports worth $37 million. France, Singapore, and Germany secured the second, third, and fourth positions, respectively, in the global ranking.
