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.
Jamaica Gas Turbine Market Data and Forecasts
How much will Jamaica Gas Turbine Market grow to 2026?
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