Key Market Indicators
Namibia's exports of gas turbines were close to $56 million in 2021, a 30% drop from the $80 million in 2020. This marked a 25.1% decrease since 2005. Egypt topped the list with $56 million in 2021, while France, Singapore, and Germany ranked second, third and fourth, respectively. Namibia's imports of gas turbines are set to reach $15 million by 2026, growing at a CAGR of 4.6% since 2021. Since 2005, demand for gas turbines in Namibia has grown 29.3% year-on-year. Estonia led the list with $11 million in 2021, followed by the United Kingdom, France, and Singapore, in that order.
