Key Market Indicators
Colombia's Gas Turbine imports are forecast to reach $51 million by 2026, down from $69 million in 2021. This averages out to a 4.9% decrease year-on-year. Since 1996, Colombian demand has decreased by 4.5% annually. In 2021, Colombia ranked 60th in this sector, with Myanmar ahead at $68 million. The United Kingdom, France and Singapore followed in the 2nd, 3rd and 4th spots, respectively. Colombia is set to export $19 million worth of Gas Turbines by 2026, up from $18 million in 2021, with an average annual growth rate of 1.5%. Since 1996, Colombian supply has increased by 1.1% each year. In 2021, Colombia ranked 51st, with Lithuania at $17 million. France, Singapore and Germany were placed 2nd, 3rd and 4th, respectively.
