The import of gas turbine engines to Saudi Arabia saw significant fluctuations over the past decade. Starting from $1.1389 billion in 2013, there was notable volatility with both sharp upturns and downturns. In 2023, the import value stood at $0.86859 billion. Year-on-year variation over the past two years showed marginal growth, with a 0.065% increase in 2022 and a 0.063% increase in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) was 1.02%.

Future trends to watch for include:

The expected stable growth rate with a forecasted 5-year CAGR of 0.05% and overall growth rate of 0.26% from 2024 to 2028.
Potential innovations in gas turbine technology that could impact import volumes and values.
The influence of global energy policies and the shift towards renewable energy sources that may reduce dependency on gas turbine engines.