Latin America and the Caribbean: Gas Turbine Market 2020

Gas Turbine Market Size in Latin America and the Caribbean

The revenue of the gas turbine market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The gas turbine consumption continues to indicate a drastic slump. The growth pace was the most rapid in 2012, when it surged by X% y-o-y. Over the period under review, the gas turbine market reached its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Gas Turbine Production in Latin America and the Caribbean

In 2017, the amount of gas turbines produced in Latin America and the Caribbean totaled X units, remaining constant against the previous year. The gas turbine production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when the output figure increased by X% year-to-year. The volume of gas turbine production peaked in 2017, and is likely to see steady growth in the immediate term.

Gas Turbine Exports in Latin America and the Caribbean

In 2017, gas turbine exports in Latin America and the Caribbean stood at X units, going up by X% against the previous year. The gas turbine exports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2016, with an increase of X% year-to-year. The volume of exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, gas turbine exports stood at $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine exports decreased by -X% against 2015 indices. Over the period under review, the gas turbine exports attained its maximum level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Gas Turbine Exports by Country in Latin America and the Caribbean

Colombia prevails in gas turbine exports structure, recording X units, which was approx. X% of total exports in 2017. It was distantly followed by Mexico (X units), constituting X% share of total exports. Brazil (X units) occupied the mild share of total exports.

Colombia was also the fastest growing in terms of the gas turbines exports, with a CAGR of +X% from 2007 to 2017. At the same time, Brazil (+X%) displayed positive paces of growth. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Mexico (X%) significantly strengthened its position in terms of the global exports, while Brazil and Colombia saw its share reduced by -X% and -X% from 2007 to 2017, respectively.

In value terms, Mexico ($X) remains the largest gas turbine supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Colombia, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Colombia (+X% per year).

Gas Turbine Export Prices by Country in Latin America and the Caribbean

In 2017, the gas turbine export price in Latin America and the Caribbean amounted to $X thousand per unit, falling by -X% against the previous year. The gas turbine export price continues to indicate an abrupt contraction. The pace of growth was the most pronounced in 2012, when the export prices increased by X% against the previous year. Over the period under review, the export prices for gas turbines attained its maximum level of $X thousand per unit in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Mexico ($X thousand per unit), while Colombia ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Gas Turbine Imports in Latin America and the Caribbean

In 2017, approx. X units of gas turbines were imported in Latin America and the Caribbean; increasing by X% against the previous year. The total imports indicated a measured increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. In that year, the gas turbine imports reached their peak volume of X units. From 2012 to 2017, growth of the gas turbine imports stood at a somewhat lower level.

In value terms, gas turbine imports totaled $X in 2017. The gas turbine imports continue to indicate a slight deduction. In that year, the gas turbine imports reached their peak level of $X. From 2011 to 2017, growth of the gas turbine imports stood at a somewhat lower level.

Gas Turbine Imports by Country in Latin America and the Caribbean

In 2017, Bolivia (X units) and Brazil (X units) were the major importers of gas turbines in the globe, together making up X% of total imports. Venezuela (X units) held a X% share (based on tons) of total imports, which put it in second place, followed by Mexico (X%). The following importers - Colombia (X units) and Peru (X units) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Venezuela ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Brazil, Bolivia and Colombia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Bolivia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Gas Turbine Import Prices by Country in Latin America and the Caribbean

In 2017, the gas turbine import price in Latin America and the Caribbean amounted to $X thousand per unit, declining by -X% against the previous year. The gas turbine import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. Over the period under review, the import prices for gas turbines attained its peak figure level of $X thousand per unit in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Peru ($X thousand per unit), while Bolivia ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bolivia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform