The export of gas turbine engines from Brazil has shown a consistent upward trend from 2013 to 2023, with the value standing at $4.5178 billion in 2023. The year-on-year variation has seen significant fluctuations, including notable peaks in 2014 (47.78%) and 2021 (27.54%), and a substantial decline in 2020 (-11.72%). The compounded annual growth rate (CAGR) over the last five years is 5.54%, indicating steady growth despite minor setbacks.
Looking forward, forecasts from 2024 to 2028 suggest a moderate but consistent growth trajectory with a projected 5-year CAGR of 3.51%, leading to a forecasted export value of $5.6509 billion by 2028, marking an 18.82% growth from 2023. This reflects an overall positive trend in Brazil’s gas turbine engine export market.
Future trends to watch for:
- Technological advancements in gas turbine engines increasing demand.
- Global economic factors potentially impacting trade policies and export demand.
- Environmental regulations influencing production and export strategies.
- Potential geopolitical events that might disrupt supply chains and trade routes.
