Key Market Indicators
Armenian exports of gas turbines are expected to reach $3.2 million by 2026, a 3.7% growth year-on-year since 2021. The country's supply has dropped 6.9% annually since 2002, dropping to 71st place in 2021, with Bosnia and Herzegovina in the lead at $2.6 million. France, Singapore and Germany followed in second, third and fourth places respectively. Gas turbine imports to Armenia dropped 12.6% to $1.3 million in 2021 compared to the previous year. Demand has risen 11.3% year-on-year since 2002, ranking the country 99th in 2021. Guatemala took the lead at $1.3 million, with the UK, France and Singapore following in second, third and fourth places respectively.
