In 2023, the export value of gas turbine engines from Canada stood at 7.25 billion USD. The forecast for 2024 to 2028 shows a steady increase, starting at 7.4266 billion USD in 2024 and reaching 8.1545 billion USD by 2028. Year-on-year variations indicate an approximate annual growth rate of around 2.5%, maintaining a consistent upward trend. Over the last two years, this export value has increased by a combined average of about 1.2%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 2.5%, reflecting a stable and gradual increase in exports.
Future trends to watch for include technological advancements in gas turbine design, rising demand in emerging markets, and potential impacts from global environmental regulations. Monitoring these factors could provide further insight into the long-term export potential of gas turbine engines from Canada.
