In 2023, the UK imported gas turbine engines with a power exceeding 5000 kW valued at approximately USD 766.6 million. Forecasts from 2024 to 2028 show a steady increase, reaching USD 798.51 million by 2028. The year-on-year percentage increase ranges from approximately 1.07% to 1.33%. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated at around 0.82%, indicating modest yet consistent growth in imports.
Future trends to monitor include the UK's commitment to transitioning to renewable energy sources, which may impact the demand and import patterns for large gas turbine engines. Technological advancements and policy changes could also influence future import volumes and values.
