Key Market Indicators
Japanese weapon imports are projected to climb to approximately $1.3 billion by 2028, up from around $1.29 billion in 2023, marking a modest annual growth rate of 0.1%. Since 1965, the country's demand for weapon imports has surged by an average of 11% annually. In 2023, Japan ranked sixth in the global import rankings, with Pakistan surpassing it at around $1.29 billion. Qatar, Saudi Arabia, and Kuwait occupied the second, third, and fourth spots, respectively. On the supply side, Japan has witnessed a significant increase since 1965, with a yearly growth rate of 45%.
