The analysis of South Africa's gas turbine engine export market reveals significant volatility over the observed period, from a peak in 2014 to a notable decline by 2023. The value stood at USD 30.3 million in 2023. Year-on-year variation highlights substantial spikes and drops, such as the 50.69% increase in 2014, and a dramatic 56.87% decline in 2018. Specific recent changes include a 6.32% drop in 2022 and a further 6.61% decline in 2023, signifying a downward trend. The 5-year CAGR for the forecast period from 2024 to 2028 predicts an average annual decrease of 7.33%, projecting a 31.66% cumulative decline by 2028.

Future trends to watch for include:

Technological advancements in gas turbine engine efficiency and alternative energy adoption could impact export demand.
Global economic conditions and geopolitical influences may further affect export volumes and values.
Potential shifts in trade policies and international market competition could alter South Africa’s standing in this sector.