Turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kW

In 2024, turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw trade exhibited modest growth, with global flows reaching $5,305,382,337 and a three-year compound annual growth rate of +2.3% (five-year: -0.8%). The all-time peak of $8,569,291,785 was recorded in 2012; the current level is 38% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+5.8% acceleration).

The World Trade Flows Characterization classifies turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.186). The three largest exporters — United States ($2.2B), Germany ($994.8M), and Italy ($879.1M) — collectively dominate supply flows. The leading exporter has grown at +3.9% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.032). The three largest import markets are China ($389.1M), Italy ($341.5M), and United States ($318.0M). The largest importing market sources from 11 different supplying countries.

Estimated substitution elasticity: -31.85. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United States → Italy at $228.8M, representing 67.0% of the importer's total demand.

The volatility score for turbines: gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kw is 1 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, modest but steady demand provides a reasonable entry window. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.