Key Market Indicators
Peru's weapon imports are projected to decline slightly over the next five years, reaching approximately $44 million by 2028. This marks a minor decrease from the $45 million recorded for 2023, with an average annual reduction rate of 0.3%. Historically, the country's demand for weapon imports has seen a significant downturn. Since 1965, Peru's import levels have decreased by an average of 15.3% annually. In 2023, Peru ranked 66th globally in weapon imports, with Malta narrowly surpassing it with the same figure of $45 million. The top spots in the ranking were held by Qatar, Saudi Arabia, and Kuwait, respectively.
