Key Market Indicators
In 2021, Jamaica was ranked number 95 in the world, while the United States, Canada and Mexico were numbers 2, 3 and 4 respectively. Jamaica's imports and exports of gas turbines are set to reach new heights by 2026. Imports are expected to grow at an average rate of 1.7% year-on-year from $8,133,600 in 2021, reaching $8,994,500 by 2026. Since 1996, Jamaica's demand for gas turbines has increased by 3.5% year-on-year, although it was overtaken in 2021 by Kyrgyzstan, which imported $8,133,600. The United Kingdom, France and Singapore were the second, third and fourth largest importers respectively. Jamaica's exports of gas turbines decreased dramatically in 2017, falling from $400,870 in 2016 to $157,200 - a drop of 60.8%. However, since 2005, exports have grown by 63.3% year-on-year. In 2021, Jamaica was ranked 95th in the world for gas turbine exports, with the United States, Canada and Mexico in second, third and fourth place respectively.
